Market Research

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%

UAE Hospitality Market Trends and Drivers:

• Significant growth: Driven by a thriving tourism sector, supportive government policies, and the UAE's status as a global destination for business and leisure.
• Exceptional infrastructure: Features luxury accommodations and major events like Expo 2020 and the Formula 1 Grand Prix, enhancing attractiveness.
• Government initiatives: The UAE Vision 2021 plan aims to diversify the economy beyond oil dependence, leading to increased investments in hospitality.
• New developments: Introduction of new hotels, resorts, and entertainment venues strengthens the UAE's position as a top travel destination.
• Sustainability: Growing demand for eco-friendly hotels and resorts encourages operators to adopt green construction and energy-efficient technologies.
• Technology enhancement: Innovations such as contactless check-ins, AI-driven services, and personalized guest experiences improve customer satisfaction and operational efficiency.
• Mid-range hotels: Rising interest in budget-friendly accommodations, alongside the dominance of the luxury segment.
• Domestic tourism revival: Focus on tailored experiences for local visitors, particularly in the wake of COVID-19.
• Positive outlook: Strong government support and a favorable economic environment are expected to drive ongoing growth in the UAE hospitality market in the coming years.

UAE Hospitality Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest UAE hospitality market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.

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.

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