GCC Outbound Travel and Tourism Market Expected to Grow at a CAGR of 15.8% during 2024-2032

GCC Outbound Travel and Tourism Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 15.8% (2024-2032)

According to the latest GCC outbound travel and tourism market report by IMARC Group, the market is projected to grow at a CAGR of 15.8% from 2024 to 2032. The market is expanding, driven by rising disposable incomes and a growing preference for international travel. 

GCC Outbound Travel and Tourism Market Trends and Drivers

The diversification of tourism in the GCC region, including the development of cultural attractions, theme parks, entertainment complexes, and adventure tourism facilities, is significantly driving market growth. Additionally, the rising middle-class population, with their evolving and cosmopolitan lifestyles, is increasing demand for outbound travel and tourism. Enhanced air travel infrastructure and the presence of major international carriers are improving air connectivity, making international travel more accessible for residents and further boosting market expansion.

Moreover, government initiatives in the GCC region, such as visa facilitation, promotional campaigns, and partnerships with airlines and travel agencies, are promoting outbound tourism. The increasing number of events, conferences, and exhibitions attracting business travelers is also stimulating market growth. Online booking platforms, travel apps, and review websites are making it easier for individuals to research destinations, compare prices, book accommodations, and arrange activities, offering a favorable market outlook. Additionally, the willingness of people to spend on premium travel experiences, including luxury accommodations, dining, shopping, and entertainment, is propelling market growth in the region.

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GCC Outbound Travel and Tourism Industry Segmentation:

The report has segmented the market into the following categories:

Tourism Type Insights:

• Leisure

• Religious

• Cultural Tourism

• Medical Tourism

• Sports and Adventure

• MICE Tourism

• Others

Spending Type Insights:

• Air Tickets

• Hotels

• Insurance

• Others 

Age Group Insights:

• Generation Z

• Millennials

• Generation X

• Baby Boomers 

Booking Method Insights:

• Online

• Offline

Country Insights:

• Saudi Arabia

• UAE

• Qatar

• Bahrain

• Kuwait

• Oman 

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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.

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