UAE Travel and Tourism Market Demand, Growth Analysis, Industry Report 2024-2032

UAE Travel and Tourism Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 11.50% (2024-2032)

According to the latest report by IMARC Group, the UAE travel and tourism market size is projected to grow at a CAGR of 11.50% from 2024 to 2032. The market is expanding, driven by robust infrastructure, luxury offerings, and high international visitor numbers.

UAE Travel and Tourism Market Trends and Drivers

The initiatives of government authorities to position the country as a global tourism hub are the factors responsible for the growth of the UAE travel and tourism market. Additionally, the market is catalyzed by the diversification of the economy that has led to significant investments in infrastructure, including world-class airports, hotels, and entertainment facilities. Besides this, mega-events like Expo 2020 have drawn international attention, boosted tourist arrivals, and showcased the UAE as a premier destination. Moreover, the favorable visa policies of the country, including the introduction of long-term visas for investors and tourists, have made travel to the UAE more accessible, further enhancing its appeal to global travelers.

The rising need for luxury and experiential travel is augmenting the UAE travel and tourism market. The UAE, particularly Dubai and Abu Dhabi, is known for its opulent hotels, high-end shopping, and exclusive experiences, attracting affluent tourists from around the world. In addition to this, there is also a growing interest in cultural and heritage tourism, with the government authorities promoting the rich history and traditions through initiatives like the Louvre Abu Dhabi and Al Ain’s cultural sites. Furthermore, the market is positively inflated by the push towards sustainability in tourism, which is gaining momentum, with eco-friendly resorts and green initiatives becoming increasingly popular among travelers. The growth of medical and wellness tourism, driven by the advanced healthcare facilities and wellness retreats of the UAE, is another emerging trend that is expected to bolster 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

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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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