The UAE’s Travel and Tourism sector will continue to grow at pace in 2024 with its GDP contribution set to reach over AED236 billion ($64.26 billion) from AED220 billion last year, according to the World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR).
Jobs will increase by more than 23,500 to reach nearly 833,000. International visitor spending is projected to grow by nearly 10% to reach AED192 billion and domestic visitor spending is forecast to increase by 4.3% to reach almost AED58 billion, said the WTTC research.
The EIR has revealed a record-breaking year for Travel and Tourism in the UAE last year, with new records achieved across key metrics including the sector’s GDP contribution, jobs and visitor spend.
Last year, the sector grew by more than a quarter (26%) to contribute a record AED220 billion to the UAE’s GDP, representing 11.7% of the entire economy. This exceeded the previous record set in 2019 by almost 15% and…