The March 2012 report "The Sharia-Conscious Consumer Driving Demand" by Economist Intelligence Unit mentions "From food and Islamic finance, the industry is spreading its wings into pharmaceuticals, fashion and tourism, among many other areas. But given the global nature of the business, the industry will grow at varying speeds in different regions, while certain segments will garner more attention than others"
The Muslim Travel expenditure alone was USD 126 Billion in 2011 and set to grow faster than the global travel average during the next 10 years. By 2020, this segment of travelers will be spending USD 192 Billion a year.
Download the executive summary of the first global study on the Muslim Lifestyle Travel Market done by Crescentrating and DinarStandard here to know more about the tourism Market.