Travel & Tourism in Middle East
SummaryTravel & Tourism in Middle East industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The travel & tourism industry consists of revenues generated by passenger airlines, passenger rail, hotels & motels, foodservice, travel intermediaries, and casinos & gaming.
- The Middle Eastern travel & tourism industry had total revenues of $110 billion in 2022, representing a compound annual growth rate (CAGR) of 0.6% between 2017 and 2022.
- The passenger airlines segment accounted for the industry's largest proportion in 2022, with total revenues of $45.1 billion, equivalent to 41% of the industry's overall value.
- The growth of the industry is attributed to rising leisure and business tourism, growth in the hotel and motel industry, an increasing number of global events attracting large visitors, boosting infrastructure development, easing mobility, and emerging adventure tourists. According to the World Tourism Organization (UNWTO), from January to September 2022, the number of international arrivals across the region grew by 225% as compared to the same period the previous year.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Middle East
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Middle East
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Middle East travel & tourism market with five year forecasts
Reasons To Buy
- What was the size of the Middle East travel & tourism market by value in 2022?
- What will be the size of the Middle East travel & tourism market in 2027?
- What factors are affecting the strength of competition in the Middle East travel & tourism market?
- How has the market performed over the last five years?
- What are the main segments that make up Middle East's travel & tourism market?
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