Millennial Muslims -- those aged between 18 and 36 -- are projected to spend more than $100 billion annually on traveling by 2025, almost double last year’s figure, according to a report from Mastercard and Muslim travel website HalalTrip, as reported by Bloomberg. All age groups belonging to the religion are expected to spend around three times that much.
"It’s definitely an overlooked segment the broader travel industry should look at and be prepared to cater to," said Douglas Quinby, an Atlanta-based travel analyst at research firm Phocuswright Inc. "There are some countries, whose populations are predominantly Muslim, that are growing very fast, where the population is increasingly becoming middle-class and and the demand for travel, both leisure tourism and pilgrimage travel, is growing quite significantly."
The top destinations for millennial Muslims are Malaysia and Indonesia, nations where the religion’s followers make up a majority of the population. However, the next popular holiday spots are Japan, Thailand and Australia, non-Muslim countries where tourism is a key engine of economic growth. Some are starting to recognize the opportunities.
The number of Muslim international travelers is expected to grow to 156 million by 2020, partly due to the growth of the religion’s population: it’s expected to reach nearly 3 billion worldwide by 2060, a 70 percent jump from 2015, according to the report. Come 2030, almost a third of the world’s population aged 15-29 is forecast to be Muslims.
"The Muslim traveler market is growing rapidly as a highly lucrative segment in contemporary tourism and will be entering their peak earning, spending and traveling life stage within the next five to 10 years," said Fazal Bahardeen, chief executive of HalalTrip.
Source : Bloomberg | Halaltrip.com
I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to
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understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia.
I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine.
I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan"
I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy
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