However, according to the latest research, the sector has a lot more potential to offer. A recent survey by the U.S. based Dinar Standard shows that 'halal tourists' stand to be the fastest growing target group in the tourism sector by the year 2020. The institute, which provides growth strategies for emerging Muslim markets, and presents analysis and speculation on growth expectations, has also detailed in its latest analysis halal tourists' basic preferences.
Accordingly, this category of tourists prefer the hotels they stay in to not serve alcohol and to have rooms large enough to pray in or facilities that have separate prayer rooms. According to the study, importance was also placed on accommodation being 'family-oriented' and survey participants stated that when considering a hotel, they also look into whether they provide gym and spa facilities that can be used by men and women separately. Meanwhile, another finding is that halal tourists prefer airlines that do not serve alcohol, do not serve pork and announce the time for prayer.
Another factor of importance pointed out by Dinar Standard's survey is the fact that the halal vacation market no longer solely consists of wealthy Muslims. An increase in demand for family vacation options is on the rise amongst middle-class Muslims. According to experts, the most desirable segment when it comes to the halal tourism sector consists of consumers in the middle-income range.
MARKET POTENTIAL: 192 BILLION DOLLARS
According to Dinar Standard Institute General Manager Rafiuddin Shikoh, the offering of halal vacations is the largest un-tapped niche market in the tourism sector. The Dinar Standard study looked into the top 47 Muslim nations that offer the highest domestic and international travel options. The study excluded religious-based travel for the Hajj and Umrah. Experts also used the UNWTO annual report for consideration.
According to the findings the trade volume of the halal vacation market which is currently at 126 billion U.S. dollars, will reach 192 billion dollars by the year 2020. According to data, the 12.3 percent halal tourism market share in global tourism will increase to 13.4 percent. While the annual average growth rate for global tourism is at 3.8 percent, predictions put halal tourism at an average of 4.8 percent growth annually.