The survey defines luxury travelers as those who tend to fly business or first-class and stay in five-star accommodation.
Fifty-two percent of respondents to the survey said they were planning to take a domestic holiday or staycation during 2021, and 25 percent were planning to make a business trip, either domestically or internationally. Only 4 percent of respondents said they had no plans to travel this year.
Danielle Curtis, exhibition director the Middle East for Arabian Travel Market, which will take place in Dubai from May 16 to 19, said in a press statement: “Luxury travelers from the Middle East are more likely to travel with their children, compared with those from other regions (40 percent versus 36 percent). And when you add that fact to their planned frequency of travel, it makes the Middle East’s outbound luxury-travel sector one of the most sought after globally.”
According to the survey, Middle East luxury travelers prioritize natural beauty (34 percent), beach holidays (34 percent), a pleasant climate (29 percent), and connectivity (28 percent) when selecting a holiday destination. Their main concerns when traveling are health risks (43 percent) and safety (35 percent). One in three respondents also said that price was very important. Follow the link to find out how to connect to the area location For sale Qatar | Lusail Properties
“With vaccines being rolled out across the world, travel professionals operating in the luxury segment will welcome the insight this survey has provided,” Curtis said.
While Saudi holidaymakers are becoming more active, the latest Saudi Arabia Real Estate Market Review Q4 2020, released last week by real estate consultancy company Knight Frank Middle East, showed that the hospitality sector is still suffering as a result of the economic impact of the coronavirus (COVID-19) pandemic.
Average daily rates (ADRs) in Riyadh softened by 8.9 percent in the year to December 2020, while occupancy decreased by 11.1 percentage points. As a result, revenue per available room (RevPAR) decreased by 25.8 percent.
In Jeddah, ADRs fell year-on-year by 34.7 percent, while occupancy decreased by 20.1 percentage points. RevPAR levels fell by 57.6 percent over the same period.
However, the report was cautiously optimistic, saying that “the market’s resilience primarily stemmed from domestic leisure demand, as Saudi nationals looked to travel domestically rather than an intern