UAE Travel and Tourism Market Overview

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%

According to IMARC Group's report titled "UAE Travel and Tourism Market Report and Forecast 2024-2032," the market 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 thrives on luxury, iconic attractions, cultural experiences, and growing demand for business tourism.

UAE Travel and Tourism Market Trends and Drivers

The UAE's position as a global hub for leisure, business, and luxury tourism is driving the growth of its travel and tourism market. This expansion is further supported by substantial government investments in infrastructure, including airports, hotels, and theme parks. Major international events such as Expo 2020 in Dubai and the Abu Dhabi Formula 1 Grand Prix have drawn millions of visitors. Additionally, the UAE’s strategic location as a transit hub between Europe, Asia, and Africa enhances its appeal for stopover tourism.

A significant trend in the UAE travel and tourism market is the increasing focus on sustainable and experiential tourism. As global travelers become more environmentally aware, the UAE is investing in eco-friendly resorts, renewable energy projects, and sustainable tourism initiatives. There is also rising demand for cultural and adventure tourism, with visitors seeking authentic experiences like desert safaris, heritage tours, and visits to UNESCO World Heritage sites such as Al Ain. The luxury tourism segment remains strong, attracting high-end travelers with the UAE’s lavish hotels, exclusive shopping, and world-class dining. Additionally, the growing role of digital technologies, including online booking platforms and virtual travel experiences, is enhancing travel convenience and accessibility. These trends, alongside government efforts to diversify the economy through tourism, are expected to fuel the ongoing 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

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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.

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.

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