Sharaf Travel

Mar 8, 2023

News provided by Share this article Share this article The GCC outbound travel & tourism market is likely to grow at a CAGR of 17.54% during the forecast period, i.e., 2022-2031 The market generated a revenue of around USD 50,000 Million at the end of 2021 and is likely to produce revenue worth of nearly USD 250,000 Million by the end of 2031. Higher expenditure by people on their international trips, followed by the rising international tourist departures to a different part of the world, and the growing number of online bookings for flights and travel are some of the major factors anticipated to drive the market growth during the forecast period. The GCC outbound travel & tourism market is segmented by tourism, age type, duration, booking method, traveler type, spending type. On the basis of tourism type market is further fragmented into leisure, religious, cultural tourism, medical tourism, sports & adventure, mice, and others. The leisure segment is anticipated to garner the highest revenue of around USD 110,000 million by the end of 2031. This growth is on the account of higher tourism activities for the purpose of leisure. The leisure segment is to grow at a CAGR of 17.28% over the forecast period. In addition to this, the segment generated a market revenue of close to USD 22,000 million in 2021. The market in UAE collected the highest revenue of close to USD 17,000 million in 2021. By the end of 2031, it is estimated to garner a revenue of about USD 67,000 million, by growing at the CAGR of around 15% over the forecast period. Factors such as increased expenditure on outbound tourism by people of UAE is expected to boost the market growth in the region. Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the GCC outbound travel & tourism market that are included in the report are Dadabhai Travel LLC STBE Plus (Sharaf Travel) 12.2.8. Al Badie Group 12.2.10. STBE Plus (Sharaf Travel) 13. GCC Outbound Travel and Tourism Market, 2021 to 2031 13.1. Market Overview 13.3. GCC Outbound Travel and Tourism Market Outlook & Projections, Opportunity Assessment by Segment 13.3.1. By Duration 13.3.1.2. 7-30 days, Market Value (USD Million), CAGR, 2021-2031F 13.3.1.3. 1-6 Months, Market Value (USD Million), CAGR, 2021-2031F 13.3.1.4. More than 6 Months, Market Value (USD Million), CAGR, 2021-2031F 13.3.2. By Tourism Type 13.3.2.2. Religious, Market Value (USD Million), CAGR, 2021-2031F 13.3.2.3. Cultural tourism, Market Value (USD Million), CAGR, 2021-2031F 13.3.2.4. Medical tourism, Market Value (USD Million), CAGR, 2021-2031F 13.3.2.5. Sports & Adventure, Market Value (USD Million), CAGR, 2021-2031F 13.3.2.6. MICE Tourism, Market Value (USD Million), CAGR, 2021-2031F 13.3.2.7. Others, Market Value (USD Million), CAGR, 2021-2031F 13.3.3. By Age Group 13.3.3.2. Millennials, Market Value (USD Million), CAGR, 2021-2031F 13.3.3.3. Generation X, Market Value (USD Million), CAGR, 2021-2031F 13.3.3.4. Baby boomers, Market Value (USD Million), CAGR, 2021-2031F 13.3.4. By Booking Method 13.3.4.2. Offline, Market Value (USD Million), CAGR, 2021-2031F 13.3.4.3. Travel agency outlets, Market Value (USD Million), CAGR, 2021-2031F 13.3.4.4. Airlines, Market Value (USD Million), CAGR, 2021-2031F 13.3.4.5. Others, Market Value (USD Million), CAGR, 2021-2031F 13.3.5. By Traveler Type 13.3.5.2. Friends/Group, Market Value (USD Million), CAGR, 2021-2031F 13.3.5.3. Couple, Market Value (USD Million), CAGR, 2021-2031F 13.3.5.4. Family, Market Value (USD Million), CAGR, 2021-2031F 13.3.6. By Spending Type 13.3.6.2. Hotels, Market Value (USD Million), CAGR, 2021-2031F 13.3.6.3. Insurance, Market Value (USD Million), CAGR, 2021-2031F 13.3.6.4. Others, Market Value (USD Million), CAGR, 2021-2031F 13.3.7. By Region 13.3.7.2.1. Bahrain, Market Value (USD Million), CAGR, 2021-2031F 13.3.7.2.2. Kuwait, Market Value (USD Million), CAGR, 2021-2031F 13.3.7.2.3. Oman, Market Value (USD Million), CAGR, 2021-2031F 13.3.7.2.4. Qatar, Market Value (USD Million), CAGR, 2021-2031F 13.3.7.2.5. Saudi Arabia, Market Value (USD Million), CAGR, 2021-2031F 13.3.7.2.6. United Arab Emirates, Market Value (USD Million), CAGR, 2021-2031F For more information about this report visit https://www.researchandmarkets.com/r/l18t4u About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Media Contact: