World Organization Of Islamic Tourism New Chairman - Syed Ashhad Ali
WORLD ORGANIZATION OF ISLAMIC TOURISM NEW CHAIRMAN - SYED ASHHAD ALI said WOIT will play the vibrant role to promote tourism in Islamic Countries.
- (1888PressRelease) July 28, 2018 - There is no doubt that tourism has become one of the world’s most impressive sectors for growth in recent years, demonstrating remarkable resilience to a considerable number of man-made and natural disasters as well as a global economic downturn of unprecedented proportions. The Islamic Economy is growing at twice the rate of the world economy and the sectors delivering this fast-paced growth span halal food, finance, travel, fashion, media & recreation, pharmaceuticals and cosmetics. Muslim consumer spending on food and lifestyle products reached $1.8 trillion in 2014 and is projected to reach $2.6 trillion in 2020. Travel and tourism has been identified as one of the Islamic Economy’s key growth sectors, worth around 11% of total global travel spend and with a projected value of $233 billion by 2020.
Muslims love to travel and Islamic countries around the world are meeting this demand with both mainstream products and services, as well as niche offerings that meet the unique faith-based requirements of these travelers. By 2015 we had witnessed some 1.2 billion international journeys, with Muslim tourism accounting for an estimated US$ 145 billion in global travel spending. Current forecasts suggest that world tourism will generate some US$ 1.5 trillion in revenues by 2025 with Muslim travelers continuing to make a significant contribution.
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