openPR Logo
Press release

Middle East Tourism Spend Analytics: Analysis & Forecast to 2025

03-21-2017 12:34 PM CET | Tourism, Cars, Traffic

Press release from: Future Market Insights

Middle East Tourism Spend Analytics: Analysis & Forecast to 2025

Middle East is considered as a cradle of civilisation and has many attractions to offer to the tourists. The importance of tourism in economic development and job creation cannot be underestimated and this is especially important for countries in the Middle East that wish to diversify their economies and want them to be less dependent on the oil income. Dubai is the main destination for leisure and business travel in the region and Saudi Arabia is the main centre for religious tourism. Governments want to capitalise on this potential and make tourism one of the important growth magnets for the region.

Middle East Tourism Spend Analytics: Drivers and Restraints

Tourism is an important sector for the Middle Eastern countries who want to wean off the dependence of their economy from the income derived from oil. Hence the governments are taking the necessary steps in encouraging the building of tourist infrastructure in the region. Saudi Arabia is an important centre for religious tourism and is taking steps to benefit more from the influx of foreign tourists coming from all over the world. Besides, due to the presence of cosmopolitan cities such as Dubai, the entire region of the Middle East is expected to welcome more and more tourists. These are the major drivers of the tourism sector in the Middle East. However, a volatile political situation coupled with incidences of terrorism have adversely affected the tourism sector in the region and act as a major restraint to the development of tourism in the Middle East.

Request For Report Sample:

Middle East Tourism Spend Analytics: Key Statistics

According to the World Travel and Tourism Council data, the direct contribution of travel and tourism to the GDP of the Middle East was US$ 73.7 Bn in the year 2014 that comprised 2.7% of the total GDP of the Middle Eastern countries. This is projected to rise by 4.6% per annum and reach a figure of US$ 121.0 Bn in the year 2025 and will comprise 3.1% of the total GDP of the region. According to data from the same source, visitor exports gave rise to US$ 68.3 Bn in the year 2014, which comprised 4.6% of the total exports of the region. This is forecast to grow by 4.5% per annum during the 10-year period 2015-2025 and reach a value of US$ 109.1 Bn in the year 2025, comprising 4.6% of the total exports of the region.

As per the World Travel and Tourism Council figures, leisure travel spending comprising both inbound and domestic tourists generated 81.5% of direct travel and tourism GDP in the year 2014, getting to a figure of US$ 109.2 Bn as compared with 18.5% for business travel spending that reached a figure of US$ 24.9 Bn. As per the estimates from the same source, leisure travel spending in the Middle East is expected to grow by 4.5% per annum to reach a figure of US$ 178.0 Bn in the year 2025. On the other hand, business travel spending is expected to demonstrate a growth of 3.8% per annum to reach a figure of US$ 37.1 Bn in the year 2025.

Request For TOC:

In the Middle East, domestic travel spending gave rise to 49.1% of direct travel and tourism GDP in the year 2014 and visitor exports generated 50.9% of the direct travel and tourism GDP. Domestic travel spending is expected to generate a growth rate of 4.3% per annum during the 10-year period 2015-2025 and reach a figure of US$ 106.0 Bn in the year 2025. On the other hand, visitor exports are expected to demonstrate a growth rate of 4.5% per annum between 2015 and 2025 and reach a figure of US$ 109.1 Bn in the year 2025.

This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

Browse Full Report:

The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Middle East Tourism Spend Analytics: Analysis & Forecast to 2025 here

News-ID: 476465 • Views: 372

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases

More Releases for Middle

Middle East Railway Sector Middle East Railway Sales Report
For Report Sample Contact: or +91-11-47067990 Report Table of Contents Middle East Outlook 1.1 Countries Overview 1.2 Middle East Economy 1.3 Transportation in Middle East Middle East Rail Transport Outlook 2.1 Overall Status of Rail Transport in Middle East 2.2 Trends in Railway Infrastructure Development in Middle East Saudi Arabia 3.1 Existing Railway Infrastructure 3.2 Proposed/Planned Railway Infrastructure 3.3 Regulatory Framework 3.4
Middle Ear Implants Market
Middle Ear Implants Market Overview Middle implant ear is a small device inserted into the middle ear and coupled to ossicles. Middle ear implants are devices designed for those who suffer mild- moderate mix or sensorineural hearing loss and conductive hearing loss. Middle ear implant is an advanced technology for the conventional use of hearing aid. A middle ear implant is recommended for people suffering from earmould allergies, skin problems, ear
Strong impulses in Middle-East
at-visions ONEvision Hotel TV solution is set to make big impact in Middle East. at-visions ONEvision Hotel TV solution is set to make big impact in Middle East. Parallel to establishing a strategic partnership with Omnix, the leading AV system integrator in Middle East, at-visions presented its approach of Hotel TV to qualified prospective buyers. "We were able to discuss our solution in detail with experienced senior-level management representatives from quite
Middle Classes Dominate Brazilian Investments
The changing face of the Brazilian middle class brings new challenges to domestic and foreign investment in Brazil. Once content with cheap promotions, the middle class is now more discerning and looking for quality. This search for better products affects consumer goods across the board. From laptops to real estate, Brazilian middle class (known as Class C) is going for quality over price. Until now, they were content with cheap offers,
Investment in Brazil's Middle Classes
After eight years under Lula, Brazil now has a new president. Like her predecessor, newly-elected President Dilma has pledged to continue investment in Brazil’s new middle classes. Under this investment, Brazil has experienced spectacular economic and social growth. A glance at statistics in key areas since 2002 shows impressive increases in both Brazilian wealth and social status. Although there is still plenty to do to fulfil Dilma’s pledge to end
Middle Managers Business Software Perception
The purpose of "inlevel 2011 Report: Middle Management as Business Software Influencer's" based on survey conducted between American middle managers was to check their approach to business software. Do they have influence on software they use? What they need? Do business software vendors pay enough attention to them? Middle managers are not typical decision makers within enterprise. However, 42% of them actively act during enterprise software selection process. They want to