Hospitality Market - UAE

Market Statistics

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Size in 2023: USD 22.7 Billion

Market Size in 2032: USD 36.4 Billion

Market Growth Rate (CAGR) 2024-2032: 5.40%

According to IMARC Group's report titled "UAE Hospitality Market Report and Forecast 2024-2032," the market reached USD 22.7 billion in 2023. Looking forward, IMARC Group expects the market to reach USD 36.4 billion by 2032, exhibiting a growth rate (CAGR) of 5.40% during 2024-2032.

UAE Hospitality Market Trends and Drivers:

  • Substantial Growth: The UAE hospitality market is experiencing significant expansion due to a flourishing tourism sector and robust government support.
  • Premier Destination: The UAE is recognized as a leading global destination for both business and leisure travelers.
  • Modern Infrastructure: State-of-the-art infrastructure, luxurious accommodations, and high-profile events like Expo 2020 and the Formula 1 Grand Prix attract a steady influx of visitors.
  • Government Initiatives: Initiatives such as UAE Vision 2021, which focus on economic diversification, have led to increased investments in the hospitality industry.
  • Sustainability: There is a growing emphasis on sustainable practices, with increasing demand for eco-friendly hotels and resorts. Operators are adopting green building techniques and energy-efficient practices.
  • Technology-Enhanced Experiences: Innovations such as contactless check-ins, AI-driven services, and personalized guest experiences are enhancing customer satisfaction and operational efficiency.
  • Mid-Range Accommodations: While luxury accommodations remain significant, there is a rising interest in mid-range hotels to meet the needs of budget-conscious travelers.
  • Domestic Tourism: The revival of domestic tourism, especially after COVID-19, has led to a focus on tailored experiences for local guests.
  • Future Growth: With continued government support and a positive economic outlook, the UAE hospitality market is expected to grow further in the coming years.

Download sample copy of the Report: https://www.imarcgroup.com/uae-hospitality-market/requestsample

UAE Hospitality Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

  • Chain Hotels
  • Independent Hotels

Segment Insights:

  • Service Apartments
  • Budget and Economy Hotels
  • Mid and Upper Mid-scale Hotels
  • Luxury Hotels

Regional Insights:

  • Dubai
  • Abu Dhabi
  • Sharjah
  • Others

Request for customization: https://www.imarcgroup.com/request?type=report&id=23522&flag=C

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Strategic Recommendations
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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