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Written by Rahul Singh » Updated on: November 12th, 2024
Travel and Tourism Market in UAE 2024:
How Big is the UAE Travel and Tourism Industry?
The UAE travel and tourism market size reached USD 55.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 146.4 Billion by 2032, exhibiting a growth rate (CAGR) of 11.50% during 2024-2032.
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: USD 55.0 Billion
Market Size in 2032: USD 146.4 Billion
Market Growth Rate (CAGR) 2024-2032: 11.50%
UAE Travel and Tourism Market Trends and Drivers
The UAE's role as a global hub for leisure, business, and luxury tourism is fueling strong growth in its travel and tourism market. This expansion is supported by substantial government investments in infrastructure, including airports, hotels, and entertainment venues. Major international events, such as Dubai’s Expo 2020 and the Abu Dhabi Formula 1 Grand Prix, have drawn millions of visitors, while the UAE’s strategic location as a transit point between Europe, Asia, and Africa enhances its appeal for stopover tourism.
A significant trend in the UAE’s travel and tourism market is the increasing focus on sustainable and experiential tourism. As eco-consciousness among global travelers grows, the UAE is advancing with eco-friendly resorts, renewable energy projects, and sustainable tourism practices. There is also a rising interest in cultural and adventure tourism, with visitors seeking unique experiences such as desert safaris, heritage site visits, and tours of UNESCO World Heritage sites like Al Ain. The luxury tourism segment remains robust, drawing affluent tourists with the UAE’s luxury hotels, high-end shopping, and fine dining. Additionally, digital innovations, including online booking platforms and virtual travel experiences, are making travel more convenient and accessible. These trends, coupled with government efforts to diversify the economy through tourism, are expected to sustain the growth of the UAE travel and tourism market in the coming years.
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UAE Travel and Tourism Industry Segmentation:
The report has segmented the market into the following categories:
Type Insights:
Purpose of Visit Insights:
Booking Type Insights:
Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=23494&flag=C
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
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