@Halal Nov/Dec 2019 | Page 9

09 november-december. 2019 | @Halal gcc traveler focus: 3% Market Size How much does global Muslim market spend on travel? of global Muslim population BUT 150 100 US$ (Billion) 250 200 2013 2019 (estimated) $140 BIllion $238 BIllion (11.5% of global expenditure) (11.5% of global expenditure) benchmark how does global Muslim market compare to the rest of the world? (in US$ billion) what are the most popular destination countries for muslim tourists? malaysia $180.0 $121.8 united arab emirates $98.9 $68.5 $51.6 United States of global Muslim traveler expenditure which countries have the top muslim tourism expenditure? (in us$ billion) saudi arabia $17.4 billion islamic republic of iran $14.3 billion 1,262,000 Muslim tourists $131.3 Global Muslim Market 31% China Germany United Kingdom Russian Federation 2,143,000 Muslim tourists turkey 2,143,000 Muslim tourists united arab emirates $11.2 billion qatar $2.4 billion Among the criteria to fulfi l the standards include proximity to mosques and other Islamic attractions, in-room prayer facilities such as praying mats and qiblat direction signs, halal-certifi ed restaurants, segregated gyms and swimming pools for women.” hoteliers, travel and tour operators, tourist guides, cruises’ operator, tourism product owners and homestay operators. Some non-Muslim destinations such as Japan, the Philippines and Brazil also off er Muslim-friendly solutions or options to scenario seen as problematic by Muslim travellers. For example, Chamber of Commerce in Japan and the Philippine Travel agencies association organised seminars to train the tourism industry and restaurateurs to satisfy Muslim tourist needs. sHAping tHe future WitH tecHnologY In addition to more traditional online travel agencies or OTas such as booking.com or Tripadvisor, Muslim-friendly platforms are springing up. For instance, Halalbooking. com, a london-based market place for halal tourist accommodation that is expecting to achieve revenues of at least one billion pounds by the end of 2021. Peer-to-peer platforms are also emerg- ing. Bookhalalhomes.com has become the world’s leading portal for halal accommo- dation rentals. It diff erentiates itself from airbnb by guaranteeing halal-certified services such as halal food and designated prayer rooms. Smartphone apps are also being devel- oped. The Tourism authority of Thailand has launched an app that helps Muslim travelers fi nd halal products and services. It provides information about prayer times, food options and sightseeing tours. Other apps such as MuslimPro and Halal- Trip off er information related to more than 65 destinations worldwide. Technology will continue to shape the growth of the sector by allowing hoteliers, restaurateurs and others to demonstrate they are well- concerned to halal requirements by their clients. HoW innovAtion Affects demAnd With spending by Muslim travelers on course to reach USD230 billion by 2025, and Islam the fastest-growing religion in the world, Muslim tourists are defi nitely some of the most important customers in the travel market. Pull factors such as family-friendly and Muslim-friendly services are important, as is halal awareness. Where safety concerns and basic halal requirements are met, Muslim tourism will continue to grow. as for technology, the halal industry is becom- ing increasingly digitised with venture into aI and augmented Reality (aR) technolo- gies to create more fun and excitement. apparently, halal tech fi rms appear to have established a fi rst-mover advantage. But it’s only a matter of time before major OTas enter and seek to dominate this prom- ising market.