GCC’S GROWING LEISURE AND HOSPITALITY INDUSTRY
The GCC hospitality and leisure market remains active, with a steady inflow of investments to construct new hotels and tourist facilities. Already valued at US$178.8 billion, its hospitality, leisure, and recreation industries are only set to grow, driven by rising visitor numbers, expanding populations and the hosting of major global events like Expo 2020.
KEY INDUSTRY STATS & GROWTH DRIVERS
US$44.6 bn
contribution of tourism to UAE's GDP in 2017
US$83.8bn
value of UAE's leisure-recreation and hospitality projects
25 million
visitors expected for the Dubai Expo 2020
1,692
number of leisure-recreation and hospitality projects in the GCC
150 million
tourist arrivals projects for the Middle East by 2020
US$178.8bn
Value of the GCC leisure-recreation & hospitality sector
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