Learn about the companies from the Leisure & Tourism Sector in UAE
In 2016, the direct contribution of the travel and tourism sector to the UAE’s GDP was AED 68.5 billion (USD 18.7 billion). This is equivalent to 5.2% of the total GDP of the country. It is forecast that the sector will rise by 3.2% in 2017. It is expected to rise by 5.1% per annum from 2017 to 2027 to reach AED 116.1 billion (USD 31.6 billion). This is almost equivalent to 5.4% of the total GDP in 2027.
The travel and tourism sector directly supported 317,500 jobs in the UAE which is 5.4% of total employment. This is expected to rise by 2.3% in 2017 and then to rise by 2.4% per annum to 410,000 jobs which would be 5.9% of total employment in 2027.
Higher standards of hospitality services and excellent luxury are the salient features of UAE’s tourism. UAE’s has love for luxury which is well known by the world. Its continuous efforts to grow and develop the five-star hospitality services has offered the tourists with more budget options. Government is encouraging organisations to build more hotels as it can help reducing the hotel rates and make Emirates more accessible to a wide range of tourists. The diversification of UAE’s travel and tourism market follows global trends. Lots of business opportunities are prevailing in the United Arab Emirates opening floodgates for businessmen looking to deal in leisure and tourism.
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