United Arab Emirates Tourism Report Q1 2018
BMI View: We maintain a robust growth outlook for the UAE tourism market in 2018 and over the course of our forecast period out to 2021. The UAE tourism market is the best one in the Middle East region and is set to enjoy explosive growth over the short and medium terms. A number of factors will drive growth in the market including sustained economic diversification efforts, heavy infrastructure investment projects and the ongoing effort to attract global and regional holidaymakers and business travellers alike. The accommodations sector remains heavily active with hundreds of new properties in the pipeline. Furthermore, the massive mega projects in the country continue to build new sky scrapers, theme parks and state-of-the-art shopping malls. Visitor numbers are growing rapidly and the UAE benefits from a relatively diverse inbound travel market which brings some stability to the market. While the outlook is overwhelmingly positive, some risk stems from regional security concerns and the ongoing blockade of Qatar.
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