United Arab Emirates Tourism Q4 2018
The UAE has one of the most dynamic tourism industries in the MENA region and the market is poised for significantorganic growth over the five years to 2022. Primary drivers of tourism market growth include robust economic diversification efforts,sustained capital and infrastructure investment initiatives and aggressive government marketing strategies to promote the UAE asa desirable holiday destination. Furthermore, we note that steady income growth in both the developing and the established sourcemarkets alike will support consumer demand for international air travel. On the supply side, the hotels sector alone has over 190new properties under construction and various other ‘megaprojects’ to build new skyscrapers, urban dwellings, theme parks,marinas and world-class shopping malls - all factors that underpin our bullish industry outlook out to 2022 and beyond.
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