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UAE tourism ... major contributor to economy

Tourism sector driving UAE GDP growth

ABU DHABI, 27 days ago

The UAE's tourism sector contributed 11.7% of the UAE’s GDP in 2023, totalling AED220 billion ($60 billion), and is expected to rise to 12% or AED236 billion in 2024, as the emirate continues to record remarkable performance in international tourist arrivals and hotel bookings, a report said.

These developments align with the UAE Tourism Strategy 2031, which aims to attract AED100 billion in tourism investments and boost the sector's contribution to the GDP to AED450 billion by 2031, Emirates News Agency, WAM, said, citing World Travel and Tourism Council (WTTC) figures.

The WTTC projects the travel and tourism contribution to the UAE GDP to reach around AED275.2 by 2034, supported by the world-class infrastructure in the country, which includes airports and accommodations, but also thrilling tourist attractions.

Dubai welcomed 10.62 million tourists in the first seven months of 2024, an 8% increase year-on-year (YoY), data showed. Meanwhile, Abu Dhabi’s hotels saw over 2.87 million guests during the first half of 2024, generating AED3.6 billion, a 19.5% growth YoY.

 




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