UAE’s tourism sector to grow by USD56bn in 2022

UAE’s tourism sector to grow by USD56bn in 2022

(MENAFN) Spending amid the UAE’s travel and tourism sector is projected to grow over the coming five years and reach more than USD56bn in 2022.

Accordingly, the total spending in the sector is projected to grow by 4.5 percent year on year in the recent year to reach more than USD42bn.

Moreover, growth with the UAE’s travel market will be supported by several announced projects, involving Marsa Al Arab, an USD1.7bn mega tourist resort.

Additionally, tourism and travel accounted for 12.1 percent of the UAE’s GDP in 2016, or USD43.3bn.

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UAE's tourism sector to grow by USD56bn in 2022

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