Travel and Tourism Market in UAE 2024:
How Big is the UAE Travel and Tourism Industry?
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.
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%
UAE Travel and Tourism Market Trends and Drivers
A combination of factors, such as strategic government initiatives, world-class infrastructure, as well as a reputation as a global center for leisure and business tourism, are responsible for the growth of the UAE travel and tourism market. Additionally, the flagship cities of the UAE, Dubai and Abu Dhabi, are prominent destinations, drawing millions of international visitors each year with attractions like the Burj Khalifa, Sheikh Zayed Grand Mosque, and exclusive resorts. Government programs, such as Dubai’s Tourism Vision 2025, aim to diversify tourism offerings and increase visitor numbers by promoting culture, adventure, and eco-tourism. Moreover, the UAE’s convenient geographic location between Europe, Asia, and Africa, coupled with the excellence of its airlines like Emirates and Etihad, strengthens its appeal as a major transit and travel hub.
Sustainability and digitalization are key trends shaping the UAE travel and tourism market. The UAE is prioritizing sustainable tourism, with many hotels and resorts incorporating eco-friendly practices and aligning with the country’s environmental goals. Initiatives such as green building certifications, renewable energy use, and water conservation efforts are increasingly common in the hospitality sector, appealing to environmentally conscious travelers. The industry is also heavily investing in digital solutions to enhance the visitor experience, including contactless check-ins, mobile apps for personalized itineraries, and augmented reality (AR) experiences in cultural sites. The rise of “bleisure” (business and leisure) travel is another notable trend, with more visitors extending their business trips to enjoy the UAE’s leisure offerings. A focus on innovation, sustainability, and exceptional service is anticipated to drive the UAE travel and tourism market in the coming years, reinforcing its status as a leading global tourism destination.
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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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