Megatrends 2024: How India and the Middle East Will Define Travel in 2024

Continuing our series on Skift’s Megatrends for 2024, today we feature a conversation focused on developments reshaping India, the Middle East, and by extension, the whole of the global travel business. To explore these topics Skift Editor-in-Chief Sarah Kopit is joined by two members of Skift’s editorial team well versed in these regions: India-based Asia Editor Peden Domo Bhutia, and Dubai-based Middle East Reporter Josh Corder.

Bhutia and Corder wrote about the rising Indian middle class, a potential short-term rental boom in the Middle East, and the emergence of "Made in Dubai" as a global brand. The discussion highlights the significant influence of the growing Indian middle class on outbound travel, fueled by increased disposable income and a desire for travel experiences post-COVID. India's outbound tourism is seen as highly aspirational, with the government facilitating easier passport procurement to boost travel.

The conversation shifts to the Middle East, where Dubai is positioned as a brand akin to New York or Paris, with its companies expected to expand internationally. The short-term rental market is identified as a key growth area in the Middle East, driven by ambitious tourism targets and a need for budget-friendly accommodation options. The panel discusses the role of celebrities like Shah Rukh Khan and Ranveer Singh in marketing destinations and the importance of value for money to Indian travelers, including the rise of "travel now, pay later" schemes.

Dubai's strategy to become a cosmopolitan hub is underscored by its use of short-term rentals to attract long-term residents, alongside the introduction of the golden visa to encourage residency among tourists. The podcast also touches on the broader trend of luxury travel in the Middle East, the need for budget accommodations to meet the demands of the middle class, and the strategic use of luxury hotels as marketing tools to attract tourists, with short-term rentals providing practical accommodation solutions.

You can see all of Skift’s Megatrends for 2024 right now at Skift.com/megatrends.