UAE Travel and Tourism Market Size, Share, Demand, Report, Forecast 2024-2032

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:

Domestic
Inbound
Outbound
Service Offering Insights:
Ticket Reservation
Hotel Booking
Holiday/Tour Packages
Others

Purpose of Visit Insights:

Business
Leisure and Recreation
Education
Medical
Social Activity
Others

Booking Type Insights:

Travel Companies
Travel Agencies
Online
Others
Region Insights:
Dubai
Abu Dhabi
Sharjah
Others

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:

Market Performance (2018-2023)
Market Outlook (2024-2032)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape

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

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Email: [email protected]

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145

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