- The major vendors in the Global Islamic Travel Market 2014-2018 include Crescentrating Pte. Ltd. (HalalTrip.com), Halalbooking.com (Crescent Tours Ltd.) and Irhal.com.
London, 28 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Islamic Travel Market 2014-2018. One major trend in this market is the increase in outbound tourists from Arabic nations. China and Japan are two countries which have evolved as one of the favorite destinations among Islamic travelers, and these countries have continued to improve to attract even more Islamic travelers. The Global Islamic Travel market is expected to grow at a CAGR of 4.89 percent during the forecast period of 2013-2018.
The Global Islamic Travel market, excluding religious travels, has been growing significantly. The emerging economies such as Saudi Arabia and the UAE are the key source countries with the maximum number of outbound travelers.
“Online travel portals have developed an in-flight prayer time calculator app, which enables users to calculate prayer times and prayer direction along their flight route, while hotels provide conservative holiday packages, separate pools for women, and alcohol-free restaurants,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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