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GCC Outbound Travel & Tourism Market Trends

  • Report ID: 3200
  • Published Date: Jun 17, 2024
  • Report Format: PDF, PPT

· 
Introduction

  1. Market Definition
  2. Market Segmentation
  3. Product Overview

·  Assumptions and Acronyms

·  Research Methodology

  1. Research Process
  2. Primary Research
    1. Service Providers
    2. End Users
  3. Secondary Research
  4. Market Size Estimation

·  Executive Summary- GCC Outbound Travel and Tourism Market

·  Analysis of Market Dynamics

  1. Growth Drivers
  2. Market Trends

·  Key Market Opportunities for Business Growth

  1. Based on the Duration
  2. Based on the Tourism Type
  3. Based on the Age Group
  4. Based on the Booking Method
  5. Based on the Traveler Type
  6. Based on the Spending Type

·  Major Roadblocks to the Market Growth

·  Regulatory & Standard Landscape

·  Industry Risk Analysis

·  Overview on Saudi Arabia Travel & Tourism

  1. Current COVID Scenario in GCC Countries
  2. Confirmed Cases
    1. Recovered Cases
  3. Travel Restrictions Post COVID-19
  4. Health and Safety Measures Adopted in the Country
  5. Digital technologies
    1. Virtual Tourism
    2. Contactless Bookings
  6. Demand
  7. Transportation
    1. Domestic Flights
    2. International Flights
  8. Tourist Visa Scenario
  9. Travel Re-Opening Trends
  10. Hajj & Umrah Travel Conditions
  11. Other Factors

·  Competitive Positioning

·  Competitive Structure:

  1. Market Share Analysis, 2021
  2. Competitive Benchmarking
    1. Dadabhai Travel LLC
    2. dnata Travel Services
    3. TRAVELEX TRAVELS & TOURS LLC
    4. Flyin.com
    5. Houseoftours.com
    6. Seera Group
    7. Omeir Travel Agency LLC
    8. Al Badie Group
    9. Arabian Oryx Travel & Tourism LLC
    10. STBE Plus (Sharaf Travel)

·  GCC Outbound Travel and Tourism Market, 2023-2036

  1. Market Overview
  2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
  3. GCC Outbound Travel and Tourism Market Outlook & Projections, Opportunity Assessment by Segment
    1. By Duration
      1. Less than 7 days, Market Value (USD Million), CAGR, 2023-2036F
      2. 7-30 days, Market Value (USD Million), CAGR, 2023-2036F
      3. 1-6 Months, Market Value (USD Million), CAGR, 2023-2036F
      4. More than 6 Months, Market Value (USD Million), CAGR, 2023-2036F
    2. By Tourism Type
      1. Leisure, Market Value (USD Million), CAGR, 2023-2036F
      2. Religious, Market Value (USD Million), CAGR, 2023-2036F
      3. Cultural tourism, Market Value (USD Million), CAGR, 2023-2036F
      4. Medical tourism, Market Value (USD Million), CAGR, 2023-2036F
      5. Sports & Adventure, Market Value (USD Million), CAGR, 2023-2036F
      6. MICE Tourism, Market Value (USD Million), CAGR, 2023-2036F
      7. Others, Market Value (USD Million), CAGR, 2023-2036F
    3. By Age Group
      1. Generation Z, Market Value (USD Million), CAGR, 2023-2036F
      2. Millennials, Market Value (USD Million), CAGR, 2023-2036F
      3. Generation X, Market Value (USD Million), CAGR, 2023-2036F
      4. Baby boomers, Market Value (USD Million), CAGR, 2023-2036F
    4. By Booking Method
      1. Online, Market Value (USD Million), CAGR, 2023-2036F
      2. Offline, Market Value (USD Million), CAGR, 2023-2036F
      3. Travel agency outlets, Market Value (USD Million), CAGR, 2023-2036F
      4. Airlines, Market Value (USD Million), CAGR, 2023-2036F
      5. Others, Market Value (USD Million), CAGR, 2023-2036F
    5. By Traveler Type
      1. Solo, Market Value (USD Million), CAGR, 2023-2036F
      2. Friends/Group, Market Value (USD Million), CAGR, 2023-2036F
      3. Couple, Market Value (USD Million), CAGR, 2023-2036F
      4. Family, Market Value (USD Million), CAGR, 2023-2036F
    6. By Spending Type
      1. Air tickets, Market Value (USD Million), CAGR, 2023-2036F
      2. Hotels, Market Value (USD Million), CAGR, 2023-2036F
      3. Insurance, Market Value (USD Million), CAGR, 2023-2036F
      4. Others, Market Value (USD Million), CAGR, 2023-2036F
    7. By Region
      1. Market Overview
      2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
        1. Bahrain, Market Value (USD Million), CAGR, 2023-2036F
        2. Kuwait, Market Value (USD Million), CAGR, 2023-2036F
        3. Oman, Market Value (USD Million), CAGR, 2023-2036F
        4. Qatar, Market Value (USD Million), CAGR, 2023-2036F
        5. Saudi Arabia, Market Value (USD Million), CAGR, 2023-2036F
        6. United Arab Emirates, Market Value (USD Million), CAGR, 2023-2036F

·  Bahrain Outbound Travel and Tourism Market, 2023-2036

  1. Market Overview
  2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
  3. Bahrain Outbound Travel and Tourism Market Valuation, Business Viewpoint and Forecast by Segment
    1. By Duration
      1. Less than 7 days, Market Value (USD Million), CAGR, 2023-2036F
      2. 7-30 days, Market Value (USD Million), CAGR, 2023-2036F
      3. 1-6 months, Market Value (USD Million), CAGR, 2023-2036F
      4. More than 6 Months, Market Value (USD Million), CAGR, 2023-2036F
    2. By Tourism Type
      1. Leisure, Market Value (USD Million), CAGR, 2023-2036F
      2. Religious, Market Value (USD Million), CAGR, 2023-2036F
      3. Cultural tourism, Market Value (USD Million), CAGR, 2023-2036F
      4. Medical tourism, Market Value (USD Million), CAGR, 2023-2036F
      5. Sports & Adventure, Market Value (USD Million), CAGR, 2023-2036F
      6. MICE tourism, Market Value (USD Million), CAGR, 2023-2036F
      7. Others, Market Value (USD Million), CAGR, 2023-2036F
    3. By Age Group
      1. Generation Z, Market Value (USD Million), CAGR, 2023-2036F
      2. Millennials, Market Value (USD Million), CAGR, 2023-2036F
      3. Generation X, Market Value (USD Million), CAGR, 2023-2036F
      4. Baby boomers, Market Value (USD Million), CAGR, 2023-2036F
    4. By Booking Method
      1. Online, Market Value (USD Million), CAGR, 2023-2036F
      2. Offline, Market Value (USD Million), CAGR, 2023-2036F
      3. Travel agency outlets, Market Value (USD Million), CAGR, 2023-2036F
      4. Airlines, Market Value (USD Million), CAGR, 2023-2036F
      5. Others, Market Value (USD Million), CAGR, 2023-2036F
    5. By Traveler Type
      1. Solo, Market Value (USD Million), CAGR, 2023-2036F
      2. Friends/Group, Market Value (USD Million), CAGR, 2023-2036F
      3. Couple, Market Value (USD Million), CAGR, 2023-2036F
      4. Family, Market Value (USD Million), CAGR, 2023-2036F
    6. By Spending Type
      1. Air tickets, Market Value (USD Million), CAGR, 2023-2036F
      2. Hotels, Market Value (USD Million), CAGR, 2023-2036F
      3. Insurance, Market Value (USD Million), CAGR, 2023-2036F
      4. Others, Market Value (USD Million), CAGR, 2023-2036F

·  Kuwait Outbound Travel and Tourism Market, 2023-2036

  1. Market Overview
  2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
  3. Kuwait Outbound Travel and Tourism Market Valuation, Business Viewpoint and Forecast by Segment
    1. By Duration
    2. By Tourism Type
    3. By Age Group
    4. By Booking Method
    5. By Traveler Type
    6. By Spending Type

·  Oman Outbound Travel and Tourism Market, 2023-2036

  1. Market Overview
  2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
  3. Oman Outbound Travel and Tourism Market Valuation, Business Viewpoint and Forecast by Segment
    1. By Duration
    2. By Tourism Type
    3. By Age Group
    4. By Booking Method
    5. By Traveler Type
    6. By Spending Type

·  Qatar Outbound Travel and Tourism Market, 2023-2036

  1. Market Overview
  2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
  3. Qatar Outbound Travel and Tourism Market Valuation, Business Viewpoint and Forecast by Segment
    1. By Duration
    2. By Tourism Type
    3. By Age Group
    4. By Booking Method
    5. By Traveler Type
    6. By Spending Type

·  Saudi Arabia Outbound Travel and Tourism Market, 2023-2036

  1. Market Overview
  2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
  3. Saudi Arabia Outbound Travel and Tourism Market Valuation, Business Viewpoint and Forecast by Segment
    1. By Duration
    2. By Tourism Type
    3. By Age Group
    4. By Booking Method
    5. By Traveler Type
    6. By Spending Type

·  UAE Outbound Travel and Tourism Market, 2023-2036

  1. Market Overview
  2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
  3. UAE Outbound Travel and Tourism Market Valuation, Business Viewpoint and Forecast by Segment
    1. By Duration
    2. By Tourism Type
    3. By Age Group
    4. By Booking Method
    5. By Traveler Type
    6. By Spending Type

GCC Outbound Travel & Tourism Market Trends

Growth Drivers

  • Higher Number of Online Booking for Flights and Travel – Online bookings have facilitated the ease of booking air plane tickets, hotels and make other reservation, that in turn enhance the experience of outbound tourism. Online travel bookings in the gulf is expected to double in 2023. Moreover, the region's e-travel industry is anticipated to increase at least 20% annually for the following five years and reach around USD 15 billion by 2023. Furthermore, the business grew by approximately 140% between 2019 and 2023.
  • Rise in the Number of Outbound Tourism – Higher number of people are interested in taking international trips to serve different purposes such as business, family trips, leisure, and others. In 2021, more than 8 million tourists from outside Saudi Arabia visited the country, up from just over 5 million the year before due to the COVID-19 outbreak.
  • Rising Expenditure by People on Tourism- Improved economy of the country has enabled people to spend freely on travel and tourism to both domestic and international places.  In that year, the GCC region as a whole spent 77 billion dollars on travel and tourism.
  • Growing Trade of GCC with Other Countries – Rising trade with other countries, motivates people to visit other countries for more work opportunities. With bilateral trade in FY 2021–22 totaling more than USD 154 billion, including USD 44 billion in imports and USD 110 billion in exports, India is currently GCC’s largest trading partner region.
  • Well-Developed Airline Chains in GCC– The Gulf Cooperation Council (GCC) region serves as a significant aviation hub for international travel. Dubai International Airport was one of the busiest airports in the world, notably in terms of passenger volume, carrying more than 80 million people in 2019.

Challenges

  • Higher Rejection and Late Arrivals of Visa- The outbound travel and tourism industry are struggling due to lengthy wait times and a lack of appointment times for securing a visa for various destinations. Moreover, UAE citizens are opting to travel to Far Eastern nations for their summer vacations. particularly those who are unable to acquire visas for the US or other regions. Therefore,
  • Rising Preference of People Inter-Country Within the GCC
  • Restriction Imposed Due to the Prevalence of COVID-19

GCC Outbound Travel & Tourism Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

17.54%

Base Year Market Size (2023)

USD 70.46 Billion

Forecast Year Market Size (2036)

USD 181.48 Billion

Regional Scope
  • GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and UAE)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Parul Atri


  • Report ID: 3200
  • Published Date: Jun 17, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of gcc outbound travel & tourism is estimated at USD 75.64 Billion.

The GCC outbound travel & tourism market size was over USD 70.46 Billion in 2023 and is set to cross USD 181.48 Billion by the end of 2036, witnessing more than 7.7% CAGR during the forecast period i.e., between 2024-2036. Increasing number of outbound tourists, a rise in international trade, an increase in tourism spending, and a growing network of airlines are the few factors that are likely to boost the market growth.

UAE is projected to grow substantially through 2036, attributed to the rising expenditure on tour and travels followed by higher outbound travel.

Houseoftours.com, Dadabhai Travel LLC, dnata Travel Group, Saudi Ebreez Company, Travelex Travels & Tours LLC, Seera Group, Omeir Travel Agency LLC, AL Badie Group, Arabian Oryx Travel and Tourism LLC, STBE Plus
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