In 2023, the United Arab Emirates' tourism sector played a crucial role in the country's economy. Generating significant revenues and thousands of employment opportunities, the sector is positioning itself as a major economic pillar. This article explores the recent economic contributions of tourism in the UAE and its promising prospects for the future.
The economic contribution of tourism in 2023
The UAE's tourism sector contributed an impressive $59.89 billion to GDP in 2023. This is equivalent to around 11.7% of the country's total economy. That year, the tourism industry also generated 809,000 job opportunities, underlining its importance not only in terms of revenue but also in terms of local employment.
- Contribution to GDP: $59.89 billion
- Share of total economy: 11.7%.
- Job opportunities created: 809,000
Forecasts and targets for 2024
The contribution of the tourism sector is projected to increase in 2024. It is expected to reach 12% of GDP, or around AED 236 billion. In addition, the number of job opportunities is expected to rise to 833,000.
Main projections for 2024
Forecasts show that :
- The sector will contribute up to 12% of GDP
- The monetary value of this contribution will be around AED 236 billion.
- The number of jobs generated could reach 833,000
Long-term tourism strategy
At a three-day meeting organized by the UN in Muscat, Oman, Khaled Al Midfa highlighted the strategic importance of tourism to the UAE economy. The UAE Tourism Strategy aims to increase the sector's contribution to AED 450 billion by 2031, demonstrating a clear and ambitious vision for the future.
Key strategic objectives
The main objectives of the Tourism Strategy include :
- Increase tourism's contribution to GDP to AED 450 billion by 2031
- Continue to create job opportunities in the sector
- Improving tourism infrastructure and sustainability
Rise in world tourism rankings
The United Arab Emirates has moved up the international tourism rankings, topping the MENA (Middle East and North Africa) region and ranking 18th worldwide in theTravel and Tourism Development Index published by the World Economic Forum.
Evaluation criteria for ranking
This ranking takes into account several factors, including :
- Favourable environment
- Travel policy and infrastructure
- Natural and cultural resources
- Sustainability in the travel and tourism sector
Challenges and opportunities for the future
Although the outlook is promising, the UAE's tourism sector faces a number of challenges if it is to continue on this upward path. These include the need to diversify tourism offerings, strengthen existing infrastructures and promote environmental sustainability.
Current challenges
- Diversification of tourist attractions
- Improving and modernizing infrastructures
- Increased support for environmental sustainability
Opportunities to seize
To capitalize on these challenges, possibilities include:
- Expanding into new market segments
- Investment in tourism technology and innovation
- Promoting eco-friendly destinations
In conclusion, the UAE tourism sector remains a pivotal force in thenational economy, with substantial economic contributions and bright future prospects. Continued efforts to improve this sector will ensure its predominant place on the global tourism scene.
