The UAE carries on bolstering its performance in terms of global tourism, a crucial part of its policy of economic diversity.
The sector donates over AED161 billion to the national GDP, a figure that is proposed to record annual increases of 3.9% to reach AED234.2 billion by 2027, 10.6% of predicted GDP for that year.
A total of 20.5 million visitors were listed in 2018, leading to a growth in hotel occupancy rates, with analysts forecasting that 2019 would see a 5% increase to a total of 21.53 million visitors.
According to the 2017 Travel and Tourism Competitiveness Report, produced by the World Economic Forum, the UAE ranked second in the Safety and Security Index, and third in regards to the air transport infrastructures.
The Second UAE Government Annual Meeting embraced three plans directed at boosting the tourism sector in the UAE, which consist of the launch of the “National Tourism Development Strategy” that focuses on predicting the future, intensifying innovation and technology usage, and intends to attain tourism sustainability.
The meeting also declared the start of the UAE Tourism Identity drive and endorses the Tourism Sector Development Initiative which will inspect fees and taxes presently imposed in the sector and make suggestions on sustaining growth and the ease of carrying out business.
Tourism is estimated to create around 325,000 jobs around the country. The number is expected to rise by 2.4 percent annually, providing 410,000 jobs by 2027, or 5.9 percent of the total number of jobs in the country.
Many events in the future would also assure the growth and accomplishment of the UAE’s tourism sector, especially the Expo 2020 Dubai.
Tourists are lured to the UAE not only because of its exclusive tourism products and services, whether entertainment, business, shopping, and conferences, but also due to its safety, political stability, security, economic expansion and advanced infrastructure.
The UAE’s hospitality sector has accomplished positive results in indicator related to growth, prosperity and numbers of guests and establishments.