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WTTC President and Bin Sulayem review Dubai’s tourism growth

United Arab Emirates: Wednesday, May 02 - 2007 @ 13:58

Present on the occasion were Mr. Ghaith Al Ghaith, Executive Vice President Commercial Operations, Emirates Airlines, and Mr. Ufi Ibrahim, WTTC Chief Operating Officer.

Mr. bin Sulayem briefed Mr. Jean about various projects taking shape in the UAE in general and Dubai in particular and DTCM initiatives to promote the emirate in various source markets. He also informed him about the working of the network of 15 overseas offices of the DTCM.

He said the Dubai tourism industry has been developed at a phenomenal pace to match the demands and it hosted an all-time record 6.5 million hotel guests in 2006, recording revenues of over AED11 billion.

The WTTC official praised the development of Dubai as a global tourism destination and various ambitious projects that are taking shape and planned for the future. He was impressed with the pace of growth of the tourism industry in the emirate.

He extended an invitation to Mr. bin Sulayem to attend the 7th Global Travel and Tourism Summit the WTTC is hosting in Lisbon (Portugal) from May 10 to 12.

Established in 1990, the London-headquartered World Travel and Tourism Council (WTTC) is a global forum comprising the presidents, chairpersons and CEOs of 100 of the world’s foremost companies involved in the travel and tourism industry.

The organization works with governments around the world, helping them realize the full economic impact of tourism.

Travel and Tourism is one of the world’s largest industries, employing some 200 million people and generating over 10 per cent of the world’s GDP.

The World travel and tourism is expected to generate over US$7 trillion in 2007, rising to more than US$13 trillion in the next decade, according to the WTTC’s Tourism Satellite Account (TSA) research, released at ITB Berlin.

The results show strong performance for travel and tourism demand in 2007, growing at a rate of 3.9 per cent.

The forecast points to mature but steady growth for the industry in the short and medium term, averaging 4.3 per cent per annum, between 2008 and 2017.

The WTTC has, in its long-term forecast for the UAE travel and tourism sector potentials, said that earnings from inbound visitors would grow by 7.2 per cent annually till 2015.

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Wednesday, May 2- 2007 @ 13:58 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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