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Middle East Travel and Tourism Market Summary and Forecast

Publisher MarketLine
Published Jan 05, 2024
Length 41 Pages
SKU # MTLN18538604

Description

Middle East Travel and Tourism Market Summary and Forecast


Summary

Travel & 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?

Table of Contents

41 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of leading players?
8 Company Profiles
8.1. The Emirates Group
8.2. Marriott International Inc
8.3. Seera Group Holdings Co
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Middle East travel & tourism industry value: $ million, 2017–22
Table 2: Middle East travel & tourism industry category segmentation: % share, by value, 2017–2022
Table 3: Middle East travel & tourism industry category segmentation: $ million, 2017-2022
Table 4: Middle East travel & tourism industry geography segmentation: $ million, 2022
Table 5: Middle East travel & tourism industry value forecast: $ million, 2022–27
Table 6: The Emirates Group: key facts
Table 7: The Emirates Group: Key Employees
Table 8: Marriott International Inc: key facts
Table 9: Marriott International Inc: Annual Financial Ratios
Table 10: Marriott International Inc: Key Employees
Table 11: Marriott International Inc: Key Employees Continued
Table 12: Marriott International Inc: Key Employees Continued
Table 13: Seera Group Holdings Co: key facts
Table 14: Seera Group Holdings Co: Annual Financial Ratios
Table 15: Seera Group Holdings Co: Key Employees
Table 16: Middle East size of population (million), 2018–22
Table 17: Middle East gdp (constant 2005 prices, $ billion), 2018–22
Table 18: Middle East gdp (current prices, $ billion), 2018–22
Table 19: Middle East inflation, 2018–22
Table 20: Middle East consumer price index (absolute), 2018–22
Table 21: Middle East exchange rate, 2018–22
List of Figures
Figure 1: Middle East travel & tourism industry value: $ million, 2017–22
Figure 2: Middle East travel & tourism industry category segmentation: $ million, 2017-2022
Figure 3: Middle East travel & tourism industry geography segmentation: % share, by value, 2022
Figure 4: Middle East travel & tourism industry value forecast: $ million, 2022–27
Figure 5: Forces driving competition in the travel & tourism industry in the Middle East, 2022
Figure 6: Drivers of buyer power in the travel & tourism industry in the Middle East, 2022
Figure 7: Drivers of supplier power in the travel & tourism industry in the Middle East, 2022
Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in the Middle East, 2022
Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in the Middle East, 2022
Figure 10: Drivers of degree of rivalry in the travel & tourism industry in the Middle East, 2022

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