The volume of outbound tourists is expected increase at a CAGR of over 8% by 2018, According to a New Study on ASDReports
Report description overview:
The new report, now available on ASDReports, Travel and Tourism in the UAE to 2018 identifies that growth is expected to be supported by government initiatives promoting new tourism destinations from 2014-2018. By purchasing this report you will secure a proper understanding of shifting market dynamics in Travel and Tourism industry in the UAE, which will enable you to amend your business plans accordingly to allow maximum sales. You will gain an understanding of the UAE’s travel and tourism industry, enabling you to identify the growth opportunities and market dynamics in key travel and tourism categories.
The difference:
- Explore the market dynamics across key segments in the travel and tourism industry in the UAE, which will allow you to make strategic business decisions using in-depth historic and forecast market data.
- Provide yourself with a comprehensive analysis of trends in the accommodation, foodservice, retail and travel intermediaries industries, to better position yourself for future growth.
- Assess the competitive dynamics in the UAE’s travel and tourism industry, in order to identify the growth opportunities and market dynamics within key segments.
Additional report highlights:
Domestic tourist volumes in the UAE increased from 5.9 million to 7.2 million in the last four years, at a CAGR of over 5%. The growth can be attributed to a rise in disposable income due to the country’s growing economy and improved domestic tourism focus. Shopping is an especially important attraction for domestic travel. Dubai, the most popular destination for domestic tourists, is mainly visited for shopping purposes.
The UAE’s hotel market performed well over the last four years, as total hotel revenue increased at a CAGR of over 18%. The number of hotel establishments rose from 577 to 723 in four years. Increased demand for accommodation as a result of rising inbound and domestic tourism, increased in spending power, and the hosting of international events were the main growth drivers in the hotel market.
With increasing passenger traffic, the UAE government has undertaken several airport development projects such as the expansion of Abu Dhabi International airport. Major airlines such as Emirates and Etihad, and low-cost carriers (LCCs) such as Fly Dubai and Air Arabia have added a variety of aircraft and new routes to handle the increased traffic.