UAE Travel and Tourism Market Expected to Grow at a CAGR of 11.50% during 2024-2032

Travel and Tourism Market in UAE 2024:

How Big is the UAE Travel and Tourism Industry?

The UAE travel and tourism market is projected to exhibit a growth rate (CAGR) of 11.50% during 2024-2032. The market thrives on luxury experiences, cultural attractions, and strong government support for infrastructure development and promotion.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Growth Rate (2024-2032)	11.50%

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UAE Travel and Tourism Market Trends and Drivers:

The UAE travel and tourism market is witnessing rapid growth, fueled by significant government investments in tourism infrastructure as part of Vision 2021 and Vision 2030. These initiatives aim to diversify the economy and reduce oil dependency by bolstering the tourism sector. Major developments, such as Expo 2020 Dubai and the ongoing expansion of tourism facilities in Abu Dhabi and other emirates, have notably increased tourist arrivals. The UAE's strategic position as a global travel hub further enhances its appeal as a premier tourist destination. The expansion of airlines like Emirates and Etihad Airways, along with the development of new airports, is improving accessibility for international visitors.

Key trends in the UAE travel and tourism market include a growing demand for luxury and sustainable tourism. Tourists are increasingly seeking high-end experiences, such as luxury accommodations, exclusive dining, and unique cultural activities. Concurrently, there is a rising focus on sustainability, with initiatives promoting eco-friendly practices and sustainable tourism development. Efforts to protect natural and cultural heritage sites are also gaining momentum, reflecting a global shift towards responsible tourism. Additionally, advancements in digital technology are enhancing the travel experience through innovations like virtual tours and personalized services, which are expected to further drive the UAE travel and tourism market in the coming years.

UAE Travel and Tourism Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest travel and tourism market share in UAE. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.

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 competitive landscape of the industry has also been examined along with the profiles of the key players.

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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