Press release
GCC Outbound Travel and Tourism Market Size, Share, Demand, Report, Forecast 2024-2032
IMARC Group has published a market research report titled "GCC Outbound Travel and Tourism Market Report by Tourism Type (Leisure, Religious, Cultural Tourism, Medical Tourism, Sports and Adventure, MICE Tourism, and Others), Spending Type (Air Tickets, Hotels, Insurance, and Others), Age Group (Generation Z, Millennials, Generation X, Baby Boomers), Booking Method (Online, Offline), and Country 2024-2032", The GCC outbound travel and tourism market size is projected to exhibit a growth rate (CAGR) of 15.8% during 2024-2032.GCC Outbound Travel and Tourism Market Overview:
Outbound travel and tourism refers to the travel activities of residents traveling outside their country to explore new destinations, experience different cultures, conduct business meetings, attend conferences or events, or enjoy recreational activities. It involves a range of services and experiences, including transportation, accommodation, dining, entertainment, and shopping. It allows individuals to experience different traditions and lifestyles. It reduces stress, enhances mood, promotes relaxation, and encourages physical activities through hiking, sightseeing, and water sports. It allows people to broaden their horizons, gain new perspectives, improve communication skills, and develop greater independence. It is also used for educational purposes, as it provides access to exchange programs, language courses, internships, and cultural immersion experiences.
Grab a sample PDF of this report: https://www.imarcgroup.com/gcc-outbound-travel-tourism-market/requestsample
GCC Outbound Travel and Tourism Market Trends and Drivers:
Presently, the growing diversification of tourism, including the development of cultural attractions, theme parks, entertainment complexes, and adventure tourism facilities, represents one of the key factors positively influencing the market in the GCC region. Additionally, the rising middle-class population is catalyzing the demand for outbound travel and tourism as their lifestyles are evolving and becoming more cosmopolitan. In line with this, the increasing air travel infrastructure and the presence of major international carriers are enhancing air connectivity and making traveling abroad accessible for residents, which is strengthening the growth of the market in the region.
In addition, governing agencies in the GCC region are undertaking initiatives to promote outbound tourism, such as visa facilitation, promotional campaigns, and partnerships with airlines and travel agencies, thereby facilitating the market growth. Besides this, the increasing number of events, conferences, and exhibitions that are attracting business travelers from around the world is stimulating the growth of the market in the GCC region. Furthermore, online booking platforms, travel apps, and review websites are making it easier for individuals to research destinations, compare prices, book accommodations, and arrange activities online, thereby offering a favorable market outlook. Apart from this, people are willing to spend on premium travel experiences, including luxury accommodation, dining, shopping, and entertainment, which is propelling the growth of the market in the region.
GCC Outbound Travel and Tourism Market Report Segmentation:
The report has segmented the market into the following categories:
Tourism Type Insights:
Leisure
Religious
Cultural Tourism
Medical Tourism
Sports and Adventure
MICE Tourism
Others
Spending Type Insights:
Air Tickets
Hotels
Insurance
Others
Age Group Insights:
Generation Z
Millennials
Generation X
Baby Boomers
Booking Method Insights:
Online
Offline
Country Insights:
Saudi Arabia
UAE
Qatar
Bahrain
Kuwait
Oman
Ask Analyst for Sample Report: https://www.imarcgroup.com/request?type=report&id=11420&flag=C
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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