Muslim Millennial Travel Report 2017

Between 2015 and 2060, the Muslim demographic is expected to grow more than twice as fast as the overall world population1. While the world’s population is projected to grow at 32% in the coming decades, the number of Muslims is expected to increase by 70% – from 1.8 billion in 2015 to nearly 3 billion in 2060. In terms of consumer spending, in 2015 the global Islamic economy generated approximately US$ 1.9 trillion in food and lifestyle sector expenditure. Further, this market is expected to grow to US$ 3 trillion by 20212.
The Muslim travel market segment is a highly lucrative segment in contemporary tourism. According to the Mastercard-CrescentRating Global Muslim Travel Index 2017 (GMTI 2017)3, global tourism tracked an estimated 121 million Muslim international travellers in 2016, a figure projected to grow to 156 million by 2020. This segment’s travel expenditure is estimated to reach US$ 300 billion by 2026.The Muslim travel market segment is a highly lucrative segment in contemporary tourism. According to the Mastercard-CrescentRating Global Muslim Travel Index 2017 (GMTI 2017)3, global tourism tracked an estimated 121 million Muslim international travelers in 2016, a gure projected to grow to 156 million by 2020. This segment’s travel expenditure is estimated to reach US$ 300 billion by 2026.

The Olive Tree – Edition 4

Company contributor Travel Impact Newswire

The Olive Tree is the first and only publication designed to help travel & tourism become a more enthusiastic part of the solution in achieving the UN Sustainable Development Goals.

Ecotourism In Nam Et – Phou Louey National Protected Area, Lao PDR

Proudly contributed by Janina Bikova

This brief outlines the ecotourism model implemented at the Nam Et-Phou Louey National Protected Area (NEPL NPA) in Houaphan Province, Lao PDR (Laos). The ecotourism products at NEPL NPA have been designed to create a direct link between conservation and tourism so that the money that tourists pay has a positive impact on encouraging local people to protect endangered wildlife. is is achieved through both direct employment of local people in service provider groups, and through incentives that provides benefits to a larger number of villages linked to wildlife conservation.

The Wildlife Conservation Society (WCS) has been supporting the NEPL Management Unit since 2003, and has assisted with the development of ecotourism products commencing in 2009. During this time significant experience has been gained on how to implement ecotourism in the Laos NPA context, and how to ensure effective operations and meaningful community engagement. Currently 26 villages (more than 2000 households) are participating in ecotourism with 4 villages being directly engaged to provide services for tours.

Halal Traveller

This type of traveller wish to maintain Muslim principles (i.e. prayer, food, cultural norms) while travelling. Halal Travel is one of the fastest growing travel sectors in the world and it is expected that Halal tourism will grow by 50% in volume and by 35% in value in the next five years. Muslim population growth currently outpaces general population growth and eventually this type of traveller is expected to represent 11% of the market.

Economically, they have the highest consumer purchasing power of all MENA tourists, with a desire and ability to experience and explore the world. They are also are family-orientated typically travelling in large family groups. International governments are actively attracting Halal travellers, with a Schengen and UK visa waiver for UAE nationals.

However, not all Halal travellers have the same needs, expectations or priorities when travelling. Within the market there are big differences and it is crucial that these unique needs are understood. Three key themes have been identified: maximizing trip value, relevant accommodation and family-friendly destinations – with woman being key influencers. Halal seekers plan their trips to maximize experiences, however at their destination they want to explore in their comfort zone.

Airbnb and The Rise of Millennial Travel

Airbnb’s mission is to democratize travel by allowing anyone to belong anywhere. We make this happen through our people-to-people platform – we are of the people, by the people, and for the people – that connects hosts and guests in 191 countries around the world.
Airbnb’s growth has been propelled by several factors, including popularity among millennial travelers (millennials are defined as between 18 and 35 years of age). Millennials are the largest generation in history, and by 2025, millennials and younger generations will account for 75% of all consumers and travelers.
The following report outlines the findings of a study of millennials conducted in September and October 2016 by GfK, in conjunction with Airbnb. From September 27 to October 12, 2016, a total of approximately 1,000 interviews each were conducted online among Millennials (ages 18-35) in the US, the UK, and China.
Key findings of this report, compiled using data from the survey as well as Airbnb booking data:
1. Travel is deeply important to millennials, especially in China. Most millennials would prioritize travel over buying a home or paying off debt.
2. Millennials say they’re looking for something new when they travel – more adventurous, local and personal. O ver 80% of millennials seek unique travel experiences and say that the best way to learn about a place is to live like the locals do.
3. Millennials are passionate users of Airbnb and a substantial, growing part of Airbnb’s community. Roughly 60% of all guests who have ever booked on Airbnb are millennials, and the number of millennials who have booked on Airbnb has grown more than 120% in the past year.

Lessons from ADB Transport Projects: Moving Goods, Connecting People, and Disseminating Knowledge

The Asian Development Bank (ADB), the largest multilateral development finance institution in Asia and the Pacific, has been providing project financing to its developing member countries (DMCs) for half a century. In the process, it has accumulated a wealth of knowledge from its operations, including innovations, good practices, lessons, and ways to tackle challenges during project design and implementation. The capture, sharing, and eventually reuse of the knowledge, play an increasingly important role in achieving greater development effectiveness.
Efficient transport system is a key factor in promoting inclusive economic development, reducing poverty, and improving the quality of life. It will improve trade and connect farms to markets. People will gain access to jobs, schools, and healthcare.. For ADB, the transport sector has been one of the most important sectors since its establishment in 1966. As of 31 December 2016, ADB’s ordinary capital resources loans in the transport sector amounted to $36 billion, accounting for 35% of ADB’s total OCR loans. In Strategy 2020, ADB’s Long-Term Strategic Framework, 2008–2020, expanding transport and communication connectivity in the region and other infrastructure investments were recognized as one of the five core areas of ADB’s operational focus.
This book, Lessons from ADB Transport Projects: Moving Goods, Connecting People, and Disseminating Knowledge, endeavors to harvest practical knowledge from ADB’s operations in the transport sector. ADB’s Economic Research and Regional Cooperation Department gathered the knowledge for this book in collaboration
with the Transport Sector Group and regional departments, including resident missions. This work was produced under the regional technical assistance (Provision of Knowledge Products and Services to Developing Member Countries through Systematic Knowledge Sharing [TA 8392-REG]), which aims to support—in a systematic manner—the capture and sharing of the knowledge embedded in ADB’s development projects, among other things.
Comprising a sector overview and 20 case stories that covers different subregions and sub sectors, this book captures and shares ADB-wide operations knowledge in the transport sector to promote cross-project learning. We hope the readers, particularly government officials, executing and implementing agencies in the DMCs, and ADB project officers, will find this book informative and useful, and allow it to influence and improve the design and implementation of future transport projects for enhanced development effectiveness.

Strategy for Promoting Safe and Environment-Friendly Agro-Based Value Chains in the Greater Mekong Subregion and Siem Reap Action Plan, 2018–2022

The Greater Mekong Subregion (GMS) has a great opportunity to be a major supplier of safe and environment-friendly agriculture products (SEAP). The GMS economies are growing rapidly, and their population of over 330 million is becoming larger, richer, and more urbanized. Increasingly, GMS consumers look for food characteristics such as safety, healthiness, and environment-friendliness. GMS farmers generate huge surplus of agrifood products, and agribusiness companies are more sophisticated and better able to develop regional and global reach. Agricultural and food trade is growing rapidly. Trade integration is accelerating thanks to policy initiatives and development of transportation corridors and logistics systems. The improved infrastructure and the opportunity to move further along the value-added path are great incentives for the increasing ow of foreign direct investment (FDI).

Connecting Greater Mekong Subregion railways: A strategic framework

This strategic framework for connecting Greater Mekong Subregion (GMS) railways is the rst step in developing and implementing an integrated railway system in the subregion. All the GMS countries have independent plans to develop their railways. Yet all desire to see an integrated sys- tem that would move their freight and passengers seamlessly around the subregion and beyond.
To date, the individual countries have focused on the investments needed for line construction, with little attention to the other aspects of infrastructure, let alone the many requirements of cross-border traf c—such as compatible and mutually recognized immigration, customs, and health clearances; tech- nical and operational standards; and/or procedures and facilities, such as axle change at borders— that also need to be addressed.
This strategic framework, based on a study requested by the GMS countries, develops a practical approach to GMS railway integration, provides the GMS countries with an initial framework for achieving integration and interoperability, identi es priority initiatives, builds a platform for further dia- logue and discussion between and among GMS countries, and provides a context for evaluating future projects.

Overview of Draft GMS Transport Sector Strategy

The new TSS necessary to provide a framework for cooperation and sustaining progress beyond 2015.
• There have been changes in the operating environment; new TSS is needed to ensure that strategy remains relevant.
• Transport sector accounts for largest share of project cost in RIF-IP; new TSS is needed to serve as strong anchor for cooperation.
• New TSS is necessary to help ensure that cooperation in the transport sector contributes to overall GMS development.