
Middle East tourism spending to hit $350bn by 2030
A new report released by Tourism Economics on behalf of Arabian Travel Market (ATM) forecasts a dramatic surge in tourism spending across the Middle East, with total expenditure projected to reach almost $350 billion by 2030.
Unveiled in the ATM Travel Trends Report 2025, the findings highlight the transformative shifts and attributes the rise to the rise of business, leisure as well as sports tourism in the Middle East.
The report gave a nod to the luxury hotel boom in Dubai and Abu Dhabi, which has been building capacity in recent years to respond to luxury travel demand.
Dubai also welcomed a new record of 18.72 mn international visitors in 2024.
The report estimates that Middle East travel spending in 2025 will exceed pre-pandemic 2019 levels by 54 percent, with a sustained growth trajectory of 7 percent annually from 2025 to 2030.
Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: 'The report's findings confirm that travel growth in the Middle East is incredibly strong, with annual growth averaging more than 7 percent through 2030,' she was quoted as saying.
'Bold national visions, game-changing developments, and enhanced connectivity are some of the key factors driving this momentum.'
Countries driving the growth
The highest influx of visitors for leisure travel are from Europe, added the report.
India and the United Kingdom top the list of inbound international leisure markets, followed by China, which is expected to see a 130 percent increase in leisure travel spending by 2030.
Tourism nights from Asia Pacific and African visitors are also expected to more than double during the same period.
On the outbound front, Saudi Arabia and Egypt lead regional travel flows, with Thailand and the UK ranking as top long-haul destinations.
Aviation sector expanding
The region's aviation sector is preparing for this surge with major fleet expansions.
The four largest Middle Eastern carriers — Emirates, Etihad Airways, Qatar Airways, and Saudia — have collectively ordered nearly 780 aircraft from Boeing and Airbus, signaling long-term investments in capacity and service excellence, added the report.
Last month, Emirates airline posted record annual profit on strong travel demand. Meanwhile, earlier this year, Dubai International Airport (DXB) retained the title of the World's Busiest International Airport in 2024, reaching nearly 92.3 million passengers.
Dubai is also set to complete the first phase of Al Maktoum International Airport – set to be the world's largest – by 2032.
Saudi Arabia is also getting ready to launch Riyadh Air, its new premium national carrier, by the end of 2025.
This growth aligns with the region's broader ambition to become a global aviation and business travel hub, thanks to its geographic advantage at the crossroads of Asia, Africa, and Europe.
Dubai's tourism sector thrives with hospitality industry matching demand
Luxury tourism booms
The report also underscores the Middle East's emergence as a luxury tourism hotspot, driven by high-net-worth travelers seeking premium experiences, cultural depth, and the region's signature hospitality.
In an earlier interview with Khaleej Times, Issam Kazim, CEO, Dubai Corporation for Tourism and Commerce Marketing (DCTCM) said, 'People are drawn to Dubai due to a combination of its unique and cosmopolitan lifestyle, its high level of safety, the ease of access to the city, doing business and navigating daily life in Dubai.'
Global luxury leisure spending is forecast to reach $390 billion by 2028, with the Middle East capturing a growing share, added the report.
Currently, over 170 luxury hotels operate in the region, nearly 100 of them in Dubai and Abu Dhabi, with another 22 under development.
These efforts also align with the goals of D33, which aims to double the size of Dubai's economy by 2033.
Dubai has also retained its top 10 ranking in the Global Power City Index for two years running.
'Dubai makes even luxury travel affordable' as Gulf city welcomes record tourists
Currently, the Middle East is also experiencing a boom in sports tourism, with UAE, Saudi Arabia and Qatar hosting global sporting events, driving increased demand for flights, accommodations, and event-related services.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
18 hours ago
- Business Recorder
LCCI, PPH agree to enhance bilateral trade with African countries
LAHORE: The Lahore Chamber of Commerce & Industry and Pakistan Products House have signed a Memorandum of Understanding aimed at enhancing bilateral trade, industrial collaboration economic cooperation between Pakistan and African countries. The MoU was formally signed by LCCI President Mian Abuzar Shad and Managing Director of Pakistan Products House Shahid Sajjad Hussain. LCCI Executive Committee Members Khuram Lodhi and Ahsan Shahid were also present on the occasion. Under the agreement, both organizations will work together to strengthen business-to-business cooperation and expand economic linkages based on mutual interests. The MoU also outlines the exchange of business reports, research studies, market surveys, magazines, newsletters other trade-related information to enhance mutual understanding of market dynamics and policy frameworks. The two sides have agreed to jointly organize B2B meetings, trade exhibitions, seminars, conferences other trade-related events to build strong connections between the business communities of Pakistan and Africa. Speaking at the signing ceremony, LCCI President Mian Abuzar Shad said that the agreement marks a significant step forward in boosting Pakistan's exports and promoting 'Made in Pakistan' products in emerging African markets. He noted that Africa presents vast untapped potential for Pakistani industries such collaborations can unlock new trade opportunities. Shahid Sajjad Hussain, Managing Director of PPH, said that Pakistan Products House, established in six key cities across Africa, serves as a robust platform for showcasing high-quality Pakistani products. He said that the MoU will provide Pakistani exporters with enhanced access to new markets and buyers. This strategic partnership is expected to open new doors for Pakistan's business community looking to establish or expand their footprint in Africa. It is anticipated that this collaboration will not only boost exports but also strengthen bilateral economic ties between Pakistan and African nations. Copyright Business Recorder, 2025


Business Recorder
19 hours ago
- Business Recorder
World Bank seeks more transparency in debt practices
WASHINGTON: The World Bank said Thursday it is worried that some countries are less and less transparent about their public debt and use complex borrowing tools, making it harder to measure how much they owe. To remedy this the bank called for a fundamental change in the way debtor and creditor countries report and disclose debt. The worries concern in particular low-income countries that make increasing use of borrowing arrangements the bank considers opaque. These include private placements — a kind of funding round done not publicly but privately, central bank swaps, and collateralized transactions, the bank said in a report on debt transparency. The proportion of low-income countries publishing some debt data has grown from below 60 percent to more than 75 percent since 2020. But only 25 percent disclose loan-level information on new debt, the report states. And countries are now turning to local investors as they take on debt but not publishing numbers on these loans. 'Recent cases of unreported debt have highlighted the vicious cycle that a lack of transparency can set off,' said the World Bank's Senior Managing Director, Axel van Trotsenburg. In Senegal, for instance, an independent administrative court that serves as an auditor said in February the government debt in that African nation had risen to 99.67 percent of GDP — a rate one-quarter higher than what had been announced by the previous government. An IMF team that visited Senegal in March said officials had made false statements regarding budget deficits and public debt for the period 2019-2023.


Business Recorder
19 hours ago
- Business Recorder
Wall Street mixed with Trump's ME decision in focus
NEW YORK: Wall Street's main indexes were mixed in choppy trading on Friday, as inflation concerns and uncertainty around US involvement in the Iran-Israel war offset relief over President Donald Trump holding back from any immediate action. Trump will take a call in the next two weeks on whether to involve the US military in the conflict, the White House said on Thursday, as hostilities between the two Middle Eastern countries approached their second week. Markets have been on edge as Trump has kept the world guessing on his plans - veering from proposing a swift diplomatic solution to suggesting the US might join the fight as Israel aims to suppress Tehran's ability to build nuclear weapons. A senior Iranian official told Reuters Tehran was ready to discuss limitations on its uranium enrichment. Foreign Minister Abbas Araqchi has arrived in Geneva to meet European counterparts who are hoping to establish a path back to diplomacy. 'Markets are looking for the next bullish catalyst ... until then, investors are still in wait-and-see mode,' said Adam Sarhan, chief executive of 50 Park Investments in New York. Concerns about price pressures in the US were also in focus after Federal Reserve policymakers on Wednesday warned inflation could pick up pace over the summer as the economic effects of Trump's steep import tariffs kick in. They kept interest rates unchanged. On Friday, Fed governor Chris Waller said the central bank should consider cutting rates at its next meeting given recent tame inflation data and because any price shock from tariffs will be short-lived. At 11:39 a.m. ET, the Dow Jones Industrial Average rose 154.39 points, or 0.37%, to 42,323.97, the S&P 500 gained 3.14 points, or 0.05%, to 5,984.01 and the Nasdaq Composite lost 49.32 points, or 0.25%, to 19,496.95. Six of the 11 major S&P 500 sub-sectors rose.