UAE Travel and Tourism Market Expected to Grow at a CAGR of 11.50% during 2024-2032
UAE Travel and Tourism Market Overview Base Year: 2023 Historical Years: 2018-2023 Forecast Years: 2024-2032 Market Growth Rate: 11.50% (2024-2032) According to the latest report by IMARC Group, the UAE travel and tourism market size is projected to grow at a CAGR of 11.50% from 2024 to 2032. The market is thriving, driven by luxury offerings, government initiatives, and growing international visitor demand. UAE Travel and Tourism Market Trends and Drivers The UAE travel and tourism market is expanding, driven by the country’s efforts to diversify its economy and establish itself as a global tourism hub. Government initiatives, such as the "Dubai Tourism Strategy 2025," aim to attract 25 million visitors annually by improving the visitor experience and broadening the range of attractions. High-profile events like Expo 2020 Dubai have also significantly boosted tourism, showcasing the UAE's capability to host large inte...