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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:
Challenges to Growth
Despite its expansion, the GCC outbound tourism market faces notable challenges:
For more details, access the free sample report here: https://www.sperresearch.com/report-store/gcc-outbound-tourism-market.aspx?sample=1
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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