GCC Outbound Travel & Tourism Market Analysis

The GCC outbound travel & tourism market is also segmented and analyzed for demand and supply by tourism type into leisure, religious, cultural tourism, medical tourism, sports & adventure, mice, and others. Amongst these seven segments, the leisure segment is expected to garner significant market revenue by 2037. The segment growth is expected on the account of higher expenditure by people on leisure activities during their holiday trips. The total spending on leisure activities by people of UAE in their trips was around USD 40,000 million and 16,000 million in the year 2019 and 2020, respectively. On the other hand, the rising need for people to take international trips with a motivation of leisure is projected to boost the segment growth. A leisure trip is a visit that has a specific goal and motivation. The main reason people take trips outside of their normal environment is for relaxing, seeing new places, having recreation, having a change from monotonous routine, and other. According to UNWTO, 70% of GCC people took international trips for seeing new places, 66% of people wanted to de-stress and relax and around 52% took a trip to abroad for having a break from their routine.

The GCC outbound travel & tourism market is segmented and analyzed for demand and supply by spending type into air tickets, hotels, insurance, and others. Out of all types of spending, the air tickets segment is expected to grow at a healthy rate till 2037. The growth of the segment can be attributed to the higher number of people travelling by airplane. According to the World Bank data, 1,451.36 thousand and 1,823.59 thousand people in Bahrain and Kuwait respectively traveled by air in 2020. Furthermore, Emirates Airlines carried over 50 million passengers prior to the COVID-19 pandemic.

Our in-depth analysis of the global GCC outbound travel & tourism market includes the following segments: