ACE Magazine: Issue 2 / 2016 ACE Magazine: Issue 2 / 2016 | Page 73

T he concept of travelling is deeply embodied within the Islamic heritage, so much so, that the acclaimed Muslim philosopher and jurist, Al-Ghazali, had written about the subject in Kitab Adab Al-Safar (Book on Conduct in Travel). Moreover, Ibn Batutta, a Muslim scholar, is widely recognised as one of the greatest travellers of all time. An account of his journey from the Horn of Africa, West Africa, Middle East, South Asia, Central Asia and Southeast Asia to China spanning over a period of 30 years was documented in details in the Rihla (Journey) which serves as an important reference for ensuing travellers. Indeed, the traditions of these great Muslims have continued to this day. Based on the State of the Global Islamic Economy Report 2015 by Thomson Reuters (published in collaboration with Dinar Standard), the global Muslim travel expenditure, excluding hajj and umrah, is estimated to be worth US$142 billion in 2014 or 11% of the total global travel expenditure. Comparatively, this is a 6.3% increase from the previous year and is expected to grow to US$233 billion by the year 2020. Muslim travel consumer is already among the largest market in the world with only China (US$160 billion) and the United States (US$143 billion) ranking higher. Muslim travellers from Gulf Cooperation Council (GCC) countries are among the most sought after in the Muslim-friendly travel market. Despite accounting for only 3% of the world Muslim population, the Gulf travellers from these countries represents 37% or US$52.3 billion of the overall Muslim tourism expenditure in 2014. Countries such as Saudi Arabia (US$17.8 billion); United Arab Emirates ($12.6 billion); Kuwait (US$9.7 billion) and Qatar (US$9.5 billion) are the top sources for global Muslim tourism spending, followed by Indonesia (US$7.6 billion) and Iran (US$7.5 billion). The growth of the Muslim travel market should not come as a surprise as Muslim countries such as the Gulf Cooperation Council (GCC) members, Turkey, Indonesia and Malaysia are among the fastest growing economies in the world. Today’s typical Muslim consumer profile is young, educated and with a large disposable income precipitating propensity for travel. What makes the Muslim consumer segment distinct is their desire for products and services that takes into account their faith. The emergence of this important market in recent times has resulted in the proliferations of products adhering to the Sharia law across various sectors from healthcare, finance, retail to retail. These products are promoted as halalan tayyiban or permissible and good. While ASEAN countries have an edge in the tourism market especially among travellers seeking for nature and culture tourism products, how does the region fare in terms of attracting the arrivals of Muslim travellers? More importantly, what are the initiatives that have been taken to cater to the needs and demands of this emerging and lucrative segment? The ASEAN tourism industry is already reaping the benefits of the halal tourism market. The report by Thompson Reuters and Dinar Standards notes that countries in the region such as Malaysia, Singapore, Thailand and Indonesia are leading the industry in term of the development and health of its Muslim inbound travel ecosystem. Among the factors contributing to these countries’ favourable position are the large inbound Muslim traveller base, a strong halal governance and proximity to neighbouring Muslim countries. Nevertheless, the report also highlights the untapped potential of the region’s nonOrganisation of Islamic Cooperation (OIC) countries such as Thailand and While halal travel could be broadly defined as Muslim travelers who do not wish to compromise their faith-based needs while travelling for a purpose which is permissible, at present each player is applying their own interpretation of the term. ISSUE 2 : 2016 | ASEAN COMMUNITY OF ENTREPRENEURS 71