UAE Travel and Tourism Market Overview:
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. The market is propelled by continuous investment in infrastructure development, the presence of luxury resorts, spas, fine dining establishments, and designer boutiques, and government's commitment to promoting tourism through strategic initiatives, policies, and incentives.
Report Attribute
|
Key Statistics
|
Base Year
|
2023 |
Forecast Years
|
2024-2032 |
Historical Years
|
2018-2023
|
Market Size in 2023 |
USD 55.0 Billion |
Market Forecast in 2032 |
USD 146.4 Billion |
Market Growth Rate (2024-2032) |
11.50% |
UAE Travel and Tourism Market Trends:
Government Tourism Initiatives
The UAE continually introduces innovative tourism initiatives to enhance visitor experiences and drive demand. From groundbreaking projects like the Dubai Expo 2020 and the upcoming Dubai Parks and Resorts to immersive attractions like the Louvre Abu Dhabi and futuristic developments such as Marsa Al Arab, these initiatives showcase the country's commitment to innovation and excellence in the travel and tourism sector, stimulating sustained UAE travel and tourism market growth. For instance, the UAE Tourism Strategy 2031 comes under the ‘Projects of the 50’ as one of the biggest projects of the next years. The strategy aims to raise the tourism sector’s contribution to the GDP to AED 450 billion, with an annual increase of AED 27 billion, strengthen the position of the UAE as one of the best destinations in the world for tourism, boost competitiveness by attracting AED 100 billion as additional tourism investments, and welcome 40 million hotel guests. Moreover, the strategy includes 25 initiatives and policies to support the development of the UAE’s tourism sector.
Economic Diversification and Infrastructural Development
The UAE's strategic focus on economic diversification has led to significant investments in tourism infrastructure, including world-class airports, hotels, resorts, and entertainment complexes. ‘We the UAE 2031’ vision represents a national plan through which the UAE will continue its development path for the next 10 years, with focus on social, economic, investment and development aspects. The vision aims to double the country’s gross domestic product (GDP) from AED 1.49 trillion to AED 3 trillion, generate AED 800 billion in non-oil exports, increase the contribution of the tourism sector to the GDP to AED 450 billion, and raise the value of the UAE’s foreign trade to AED 4 trillion. This commitment to developing state-of-the-art facilities has enhanced the country's attractiveness as a premier tourist destination, driving growth in the travel and tourism sector.
Cultural and Heritage Attractions
The UAE boasts a rich cultural heritage and iconic landmarks, such as the Sheikh Zayed Grand Mosque in Abu Dhabi and the historic districts of Dubai. These cultural attractions, along with heritage sites like Al Fahidi Fort and Al Ain Oasis, draw visitors seeking immersive experiences and insights into the country's history and traditions, contributing to the vibrant tourism landscape.
UAE Travel and Tourism Market News:
- In April 2024, The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has revealed a record-breaking year for Travel & Tourism in the UAE, with new peaks achieved across key metrics including the sector’s GDP contribution, jobs and visitor spend.The UAE’s Travel & Tourism sector is now soaring past all previous records, testament to the country’s commitment to attracting tourists from around the world to destinations such as Dubai, Abu Dhabi, and Ras Al Khaimah.
- In March 2023, Jumeirah Group, the global luxury hospitality company and member of Dubai Holding, in partnership with Dubai Department of Economy and Tourism (DET), introduces Jumeirah Mobile Check-In, an industry-first biometric and digital technology solution. The avantgarde solution empowers guests to complete all check-in formalities prior to arrival through their mobile phone, delivering a seamless arrival experience and reducing the check-in process by up to 10 minutes.
UAE Travel and Tourism Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type, service offering, purpose of visit, and booking type.
Type Insights:
- Domestic
- Inbound
- Outbound
The report has provided a detailed breakup and analysis of the market based on the type. This includes domestic, inbound, and outbound.
Service Offering Insights:
- Ticket Reservation
- Hotel Booking
- Holiday/Tour Packages
- Others
A detailed breakup and analysis of the market based on the service offering have also been provided in the report. This includes ticket reservation, hotel booking, holiday/tour packages, and others.
Purpose of Visit Insights:
- Business
- Leisure and Recreation
- Education
- Medical
- Social Activity
- Others
The report has provided a detailed breakup and analysis of the market based on the purpose of visit. This includes business, leisure and recreation, education, medical, social activity, and others.
Booking Type Insights:
- Travel Companies
- Travel Agencies
- Online
- Others
A detailed breakup and analysis of the travel and tourism market in UAE based on the booking type have also been provided in the report. This includes travel companies, travel agencies, online, and others.
Region Insights:
- Dubai
- Abu Dhabi
- Sharjah
- Others
The report has also provided a comprehensive analysis of all the major regional markets, which include Dubai, Abu Dhabi, Sharjah, Others.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The companies in the market are adopting various strategic initiatives including new service and package launches and business alliances to gain a significant UAE travel and tourism market share.
UAE Travel and Tourism Market Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
Billion USD |
Scope of the Report |
Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Type
- Service Offering
- Purpose of Visit
- Booking Type
- Region
|
Types Covered |
Domestic, Inbound, Outbound |
Service Offerings Covered |
Ticket Reservation, Hotel Booking, Holiday/Tour Packages, Others |
Purpose of Visits Covered |
Business, Leisure and Recreation, Education, Medical, Social Activity, Others |
Booking Types Covered |
Travel Companies, Travel Agencies, Online, Others |
Regions Covered |
Dubai, Abu Dhabi, Sharjah, Others |
Customization Scope |
10% Free Customization |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the UAE Travel and Tourism market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the UAE Travel and Tourism market?
- What is the breakup of the UAE Travel and Tourism market on the basis of type?
- What is the breakup of the UAE Travel and Tourism market on the basis of service offering?
- What is the breakup of the UAE Travel and Tourism market on the basis of purpose of visit?
- What is the breakup of the UAE Travel and Tourism market on the basis of booking type?
- What are the various stages in the value chain of the UAE Travel and Tourism market?
- What are the key driving factors and challenges in the UAE Travel and Tourism?
- What is the structure of the UAE Travel and Tourism market and who are the key players?
- What is the degree of competition in the UAE Travel and Tourism market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, UAE travel and tourism market forecast, and dynamics of the market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the UAE Travel and Tourism market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the UAE Travel and Tourism industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.