Uae Tourism Overview
The United Arab Emirates is considered one of the fastest growing tourist destinations, tourism in UAE has been prolific over the past years and the figures supporting this statement are positive. It is expected to attract 10.939.000 tourist arrivals in 2013. According to a report released by World Travel and Tourism Council, travel and tourism inside UAE generated $48 billion of the UAEs GDP in 2011 and in 2012 it reached AED89.7 billion representing 6.6% of UAEs GDP. Its contribution is forecast to grow by 4.0% meaning that it will rise up to AED93.3 in 2013. By 2023 the direct contribution of the travel and tourism industry is expected to grow by 5.1% and is set to reach AED153.5 billion.
It is considered to be larger than any other sectors and employs more people than the financial services, communications, chemical and mining and auto manufacturing. In 2012 the industry generated 158.500 jobs, representing 4.7% of the total employment. It is expected to generate 164.000 jobs by the end of 2013 with a growth of 3.8%. The growth trends are looking very good; the travel and tourism industry GDP expanded 352% between 1990 and 2011 meaning a massive transformation over the years. Tourism is also considered a great source of export revenue and in 2011 it totaled $30.1 billion and by 2012, UAE generated AED121.1 billion in exports. It is expected to grow by 4.9% in 2013.
UAE is considered to have the second-largest hospitality market in the GCC region. The country is continuously developing itself to attract more tourists every year. According to Alpen Capital, the hospitality market is forecast to grow at a CAGR of 10.4% during 2011-2016.
The total arrivals in the UAE are forecast to grow at a CAGR of 5.3% between 2012 and 2017 based on WTCC (world travel and tourism council) forecast; similarly hotel supply is also expected to increase by 123,383 rooms in 2016. The total number of the current hotel rooms from both Abu Dhabi and Dubai is 96,992. The total number of tourists in UAE in 2012 was estimated at around 10 million tourists, a valid statement if we also take into account the total number of aircraft movement. In 2012 there were registered around 155.2 thousands of flights compared with 2011 figure of 145.2 thousand flights (registered in Abu Dhabi). In 2012 the number of passengers registered 15 million, an increase of 18.3% compared with 2011.