United Arab Emirates Travel & Tourism Sector Analysed in New Timetric Study Published at MarketPublishers.com
13 Jun 2014 • by Natalie Aster
LONDON – The travel & tourism sector in the United Arab Emirates (UAE) is anticipated to keep on gaining momentum through to 2018, underpinned by the government’s strong initiatives to jump-start the growth in the domestic tourism business, develop tourism infrastructure, and take part in promotional campaigns and international events in the leading countries like the US, the UK, Germany and Russia, as well as in emerging China and India.
Domestic tourism trips volumes in the country posted over 5% CAGR, increasing by 1.3 million over the past 4 years. Such growth is supported by the gains in disposable income owing to the country’s booming economy and enhanced focus on the promotion of the national tourism. The key attraction for domestic travellers is shopping, with Dubai in this respect being the most visited destination hub.
The national hotel market performance was sound during the review period, with total hotel revenue recording over 18% CAGR and the number of hotels increasing by 146 to 723. The market owes its growth mainly to a surge in purchasing power, increased demand for accommodation resulting from rising domestic and inbound tourism, and the UAE’s hosting of major international events.
New research report “Travel and Tourism in the UAE to 2018” developed by Timetric provides an extensive review of the market dynamics in the major segments in the tourism industry in the UAE.
The study offers objective insights into the domestic tourism market, providing historic values for 2009–2013, alongside forecasts for 2014–2018. It presents a deep analysis of travel & tourism demand factors, covering values for both the analysis and forecast periods. Domestic, outbound and inbound tourist flows in the country are thoroughly examined and forecasted. The research study analyses the trends in the airline, accommodation, car rental, retail, foodservice, and travel intermediaries industries, providing values for the review period and the forecast period alike. The report is enriched with an analysis of the competitive landscape in the industry including top company profiles, as well as major market trends and opportunities for growth.
Travel and Tourism in the UAE to 2018
Published: June, 2014
Price: US$ 1,950.00
More new reports by the publisher can be found at Timetric page.