UAE Travel and Tourism Market Size, Share, Trends, Industry Analysis, Report 2024-2032

UAE Travel and Tourism Market Overview

Base Year: 2023Historical Years:

2018-2023

Forecast Years: 2024-2032Market Size in

2023

: USD 55.0 BillionMarket Size in

2032

: USD 146.4 BillionMarket 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 is thriving, driven by luxury offerings, cultural experiences, and strategic government initiatives to attract visitors.Request for a sample copy of this report:

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UAE Travel and Tourism Market Trends and DriversThe UAE's status as a global center for leisure, business, and luxury tourism is propelling the growth of its travel and tourism market. This expansion is further bolstered by significant 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 attracted millions of visitors. Additionally, the UAE’s strategic position as a transit hub connecting Europe, Asia, and Africa enhances its appeal for stopover tourism.

A key trend shaping the UAE travel and tourism market is the growing emphasis on sustainable and experiential tourism. As global travelers become more environmentally conscious, the UAE is investing in eco-friendly resorts, renewable energy projects, and sustainable tourism initiatives. There is also an increasing demand for cultural and adventure tourism, with visitors looking for authentic experiences like desert safaris, heritage tours, and visits to UNESCO World Heritage sites such as Al Ain. The luxury tourism segment continues to thrive, drawing high-end travelers with the UAE’s opulent hotels, exclusive shopping options, and world-class dining experiences. Furthermore, the rising influence of digital technologies, including online booking platforms and virtual travel experiences, is enhancing travel convenience and accessibility. These trends, along with government initiatives to diversify the economy through tourism, are expected to drive the ongoing growth of 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 UAE travel and tourism market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.Type Insights:DomesticInboundOutboundService Offering Insights:Ticket ReservationHotel Booking

Holiday/Tour Packages

OthersPurpose of Visit Insights:BusinessLeisure and RecreationEducationMedicalSocial Activity

Others

Booking Type Insights:Travel CompaniesTravel AgenciesOnlineOthers

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)