Dubai — The UAE tourism industry will continue to expand in 2015, with 7.6 per cent year-on-year growth in tourist arrivals and 9.3 per cent increase in tourism receipts, according to a report by Business Monitor International (BMI).
“The outlook for UAE’s tourism sector looks bright. We expect strong growth in tourist arrivals, tourism receipts and hotel industry value,” the report said.
The report predicted that total tourism receipts would cross the $20 billion mark in 2015. Inbound tourists will reach 16.47 million and outbound travellers are also expected to reach 2.64 million this year. The hotel and restaurant industry is also forecast to grow by 16.65 per cent to reach $10.84 billion.
Saudi Arabia ranked the most important source market for the UAE, followed by the UK and India. India lost the second place as tourist arrivals did not increase at the same pace as that from the UK. BMI also believes that tourist arrivals from Oman, China and Australia will continue to show good growth.
In terms of region, the Middle East looks set to remain the largest single source market for inbound tourism flows to the UAE. Its share of total tourist arrivals is set to remain around the 30 per cent mark. Taking a greater market share is the Asia Pacific region, with arrivals set to rise from 2.9 million in 2014 to four million in 2018. This reflects the growing wealth of Asia, coupled with increased business travel and significant numbers of expatriate workers coming to the UAE from nations such as India and Pakistan.
The tourism authorities in Dubai are said to be already considering ways to boost the number of inbound tourists from China, India and African nations. This involves examining what holidaymakers from these destinations require and tailoring Dubai’s tourism offering accordingly through the development of new hotels and attractions… see more
source: khaleej times
Tags: business, India, Middle East, Tourism Industry, UAE, UK
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