Global Market Size, Forecast, and Trend Highlights Over 2025-2037
GCC Outbound Travel & Tourism Market size was valued at USD 76.4 billion in 2024 and is likely to cross USD 197.99 billion by 2037, expanding at more than 7.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of GCC outbound travel & tourism is assessed at USD 81.05 billion.
The growth of the market can be attributed to the higher expenditure by people on their international trips. Outbound tourism expenditure involves the tourist costs incurred by a local visitor traveling beyond the economy of reference. The average amount spent by Qataris and Kuwaitis while traveling abroad is USD 4,000 and USD 3000, respectively.
In addition to these, factors that are believed to fuel the market growth of GCC outbound tourism include the rising international tourist departures to a different part of the world. According to the UNWTO statistics, in the year 2020, 46 million people traveled out of GCC, furthermore, by 2030, the tourist departures are expected to reach 61 million. In all around the world, Europe is the most visited country by people of GCC, moreover, 7 out of 10 trips to Europe are with the family. In addition to this, rising trade through airways is expected to boost the GCC outbound travel & tourism market. Through increasing trade with different countries, the origin country gets the opportunity to improve the image of the nation in the outbound market. In the fiscal year 2022, Qatar Airways carried more than three million metric tonnes of cargo.
