GCC Outbound Tourism Market Report Archives

GCC Outbound Tourism Market Growth 2024, Rising Trends, Revenue, Industry Share, Scope, Challenges, Business Opportunities and forecast till 2033: SPER Market Research

admin December 12, 2024 Travel & Tourism

Outbound tourism refers to residents traveling from their home country to another for leisure, business, or other purposes. This sector plays a crucial role in the global economy by driving job creation and revenue generation in both the travelers’ home and destination countries. Key drivers include rising disposable incomes, increased accessibility to international travel, and a growing interest in diverse cultural experiences. Technological advancements, such as online booking platforms and travel apps, have simplified trip planning, encouraging more people to explore international destinations. Furthermore, the post-pandemic recovery has reignited travel enthusiasm, with many seeking to reconnect with family, explore new cultures, and enjoy leisure activities. As global travel trends evolve, outbound tourism continues to be a cornerstone of the travel industry.

According to SPER Market Research, the GCC Outbound Tourism Market is projected to reach USD 176.78 billion by 2033, growing at a CAGR of 8.09%.

This growth is driven by several factors:

Increased Affordability and Accessibility: Rising disposable incomes among Gulf Cooperation Council (GCC) citizens enable more individuals to travel abroad for business or leisure. Enhanced travel infrastructure and better connectivity through multiple airlines have also made international destinations more accessible.
Cultural and Educational Exploration: Many travelers from the GCC are motivated by a desire to experience different cultures and pursue educational opportunities abroad.
Influence of Digital Platforms: Social media and travel websites significantly impact travel decisions, inspiring travelers to explore new destinations.
Demand for Luxury and Wellness Experiences: Interest in luxury experiences, adventure travel, and wellness retreats further fuels outbound tourism demand in the region.

Challenges to Growth

Despite its expansion, the GCC outbound tourism market faces notable challenges:

High Travel Costs: Elevated expenses for flights and accommodation can limit accessibility, especially during economic downturns.
Visa and Entry Restrictions: Strict visa requirements and entry conditions for certain destinations may deter travelers.
Cultural and Familial Preferences: Some residents may prefer regional or domestic travel due to cultural norms and family commitments.
Geopolitical Uncertainty: Regional conflicts and political instability can impact travelers’ confidence.

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Impact of the COVID-19 Pandemic

The COVID-19 pandemic significantly disrupted the GCC outbound tourism industry. Travel restrictions and health concerns led to widespread cancellations and postponements. However, as borders reopened gradually, travelers prioritized safety and flexibility, leading to a shift towards regional destinations. Pent-up demand and a renewed interest in travel experiences have since fueled the sector’s recovery.

Key Market Insights

Dubai leads the GCC outbound tourism market, benefiting from its position as a global travel hub and the high disposable incomes of its residents. Prominent market players include Big Five Tours & Expeditions Inc., Farhat Tours & Transfers S.P.C., G Adventures, and Praxis Holidays LLP, among others.

GCC Outbound Tourism Market Segmentation:

By Tourist Type: Based on the Tourist Type, GCC Outbound Tourism Market is segmented as; Domestic, International.

By Age Distribution: Based on the Age Distribution, GCC Outbound Tourism Market is segmented as; Under 18 years, 18-25 years, 26-35 years, 36-45 years, 46-55 years, Above 55 years.

By Tourism Type: Based on the Tourism Type, GCC Outbound Tourism Market is segmented as; Holiday, VFR (Visit Friends and Relatives), Business, Others.

By Traveller Type: Based on the Traveler Type, GCC Outbound Tourism Market is segmented as; Independent Traveller, Tour Group, Package Traveller.

By Region: This research also includes data for US, Canada, Rest of North America.

For More Information, refer to below link: –

GCC Outbound Travel and Tourism Market Forecast

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GCC Outbound Tourism Market Growth and Size, Upcoming Trends, Revenue, Industry Share, Scope, Challenges, Business Opportunities and forecast till 2033: SPER Market Research

admin October 1, 2024 News

Outbound tourism involves residents traveling from their home country to another country for leisure, business, or various other reasons. This sector plays a significant role in the global economy, contributing to job creation and revenue generation in both the originating and destination countries. Key driving factors include rising disposable incomes, increased accessibility to international travel, and a growing desire for diverse cultural experiences. Technological advancements, such as online booking platforms and travel apps, have also simplified the planning process, encouraging more people to explore abroad. Additionally, the post-pandemic recovery has seen a resurgence in travel, with many seeking to reconnect with family, experience new cultures, and enjoy leisure activities. As global travel patterns continue to evolve, outbound tourism remains a vital aspect of the travel industry.

According to SPER Market Research, ‘GCC Outbound Tourism Market Size- By Tourist Type, By Age Distribution, By Tourism Type, By Traveller Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the GCC Outbound Tourism Market is estimated to reach USD 176.78 billion by 2033 with a CAGR of 8.09%.

The GCC outbound travel market is influenced by a number of important variables. More people are able to travel abroad for business and pleasure cheers to rising disposable incomes among Gulf Cooperation Council citizens. Accessing international destinations is now easier and more convenient due to improved travel infrastructure and increased connectivity provided by a multitude of airlines. Travel is also driven by cultural and educational goals, as many people want to learn more and experience other cultures. Furthermore, the widespread use of social media and travel websites affects decision-making when it comes to travel, encouraging locals to visit new places. The demand for outbound travel is further driven by the desire for luxury experiences, adventure travel, and wellness retreats. All things considered, the GCC region’s outbound tourism market is thriving and expanding thanks to these factors.

There are a number of obstacles facing the GCC outbound tourist business that could prevent its expansion. For many residents, accessibility may be restricted by high travel expenses, such as flight and lodging, especially in times of economic recession. Travelers may be discouraged from visiting foreign countries by visa restrictions and onerous entrance requirements for specific destinations. Travel selections can also be influenced by cultural factors and familial responsibilities, which may result in a preference for local or regional travel over lengthy international journeys. Travelers’ confidence may be impacted by the uncertainty created by geopolitical conflicts in the area. When combined, these elements present obstacles to the growth of the GCC’s outbound tourist industry.

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The COVID-19 pandemic had a major effect on the outbound tourism business in the Gulf Cooperation Council (GCC), resulting in substantial travel restrictions and a drastic drop in foreign travel. Many citizens were compelled to cancel or postpone their travel plans due to lockdowns and health concerns, which had a negative impact on the tourism sector. With the slow reopening of borders, tourists began to prioritize flexibility and safety in their travels. But while people looked for nearby options, the epidemic also caused a shift towards regional travel destinations. In the end, despite the market’s immediate difficulties, pent-up demand and a rise in interest in travel experiences have sparked the market’s recovery phase.

The Dubai dominates the GCC Outbound Tourism Market due to global travel hub and high disposable incomes. Major players in the market are Big Five Tours & Expeditions Inc., Farhat Tours & Transfers S.P.C., G Adventures, Praxis Holidays LLP and Others.

GCC Outbound Tourism Market Segmentation:

By Tourist Type: Based on the Tourist Type, GCC Outbound Tourism Market is segmented as; Domestic, International.

By Age Distribution: Based on the Age Distribution, GCC Outbound Tourism Market is segmented as; Under 18 years, 18-25 years, 26-35 years, 36-45 years, 46-55 years, Above 55 years.

By Tourism Type: Based on the Tourism Type, GCC Outbound Tourism Market is segmented as; Holiday, VFR (Visit Friends and Relatives), Business, Others.

By Traveller Type: Based on the Traveler Type, GCC Outbound Tourism Market is segmented as; Independent Traveller, Tour Group, Package Traveller.

By Region: This research also includes data for US, Canada, Rest of North America.

For More Information, refer to below link: –

GCC Outbound Travel and Tourism Market Forecast

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GCC Outbound Tourism Market Growth and Size, Revenue, Rising Trends, Scope, Business Challenges, Future Opportunities and Forecast Analysis Till 2033: SPER Market Research

admin April 3, 2024 Travel & Tourism

Outbound tourism is the travel done by nationals of one country to another for leisure, business, or other purposes. It encompasses a wide range of travel-related activities, including adventure travel, medical travel, business travel, and visiting friends and relatives (VFR). Outbound tourism is being driven by several causes, such as rising disposable incomes, globalization, improved connectivity via air travel, and greater awareness of various cultures and destinations. It is crucial for fostering cross-cultural dialogue, global understanding, employment opportunities, and economic advancement.

According to SPER market research, ‘GCC Outbound Tourism Market Size- By Tourist Type, By Age Distribution, By Tourism Type, By Traveler Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the GCC Outbound Tourism Market is predicted to reach USD 176.78 billion by 2033 with a CAGR of 8.09%.

Drivers: The GCC’s outbound tourism industry is growing as a result of several significant factors that sustain the region’s expanding demand for outbound travel. The Gulf Cooperation Council (GCC) countries’ increasing wealth and disposable income are significant contributors to the region’s economic growth, which is mostly due to oil earnings and diversification efforts. Due to rising incomes, people may increasingly travel abroad for leisure, business, and other purposes. Among the GCC region’s noteworthy characteristics are its young, quickly urbanizing population and strong desire for travel and globe exploration.

Challenges: There are numerous challenges facing the outbound tourism business, including unstable geopolitics, economic hardships, and environmental concerns. The ability of individuals to go overseas can be strongly impacted by changes in the economy, especially changes in exchange rates and income distribution. Geopolitical concerns, such as conflicts or turbulence in particular regions, may discourage travelers from traveling to other nations because they fear for their safety. Strict immigration laws and complicated visa requirements can also make travel more difficult and limit the number of tourists leaving the country. Furthermore, there is a growing demand for sustainable practices and responsible tourism in response to environmental challenges like overtourism and climate change.

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The COVID-19 epidemic has had a detrimental effect on the tourist sector in the Gulf Cooperation Council (GCC) due to the significant shift in traveler choices and behaviors. The travel ban, border closures, and lockdowns that were implemented globally to halt the virus’s spread resulted in a major decline in the outbound tourism sector for the Gulf Cooperation Council. The governments’ tight travel restrictions, quarantine guidelines, and alerts caused a dramatic drop in the amount of people leaving the region to visit abroad. Travelers from the Gulf Cooperation Council (GCC) were reluctant to leave the nation due to the uncertainty surrounding the pandemic and their worries about catching the sickness while abroad.

Additionally, some of the market key players are Big Five Tours & Expeditions Inc., Farhat Tours & Transfers S.P.C., G Adventures, Praxis Holidays LLP.

GCC Outbound Tourism Market Key Segments Covered

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Tourist Type: Based on the Tourist Type, GCC Outbound Tourism Market is segmented as; Domestic, International.

By Age Distribution: Based on the Age Distribution, GCC Outbound Tourism Market is segmented as; Under 18 years, 18-25 years, 26-35 years, 36-45 years, 46-55 years, Above 55 years.

By Tourism Type: Based on the Tourism Type, GCC Outbound Tourism Market is segmented as; Holiday, VFR (Visit Friends and Relatives), Business, Others.

By Traveler Type: Based on the Traveler Type, GCC Outbound Tourism Market is segmented as; Independent Traveller, Tour Group, Package Traveller.

By Region: This research also includes data for US, Canada, Rest of North America.

For More Information, refer to below link:-

GCC Outbound Tourism Market Outlook

Singapore Hospitality Market Size- By Type, By Segment- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Follow Us –

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Contact Us:

Sara Lopes, Business Consultant – USA

SPER Market Research

enquiries@sperresearch.com

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