Boston, MA -- (ReleaseWire) -- 07/30/2014 -- BMI maintains a broadly optimistic stance towards the UAE's tourism sector at the mid-point of 2014. We forecast 8.3% growth in tourist arrivals from all regions, with tourism receipts set to rise by around 9.4% in US dollar terms.
Recent data back up our optimism. According to latest figures from Dubai's international airport, 6.4mn passengers passed through in May 2014, an increase of 11.6% year-on-year (y-o-y). Hotel occupancy rates have also remained robust, averaging 86.1% in Dubai for 2013, up from 82.6% in 2012. Figures for Abu Dhabi are also encouraging. In February 2014, Arabian Business cited figures from the Abu Dhabi Tourism and Culture Authority that showed a total of 2.8mn tourists staying in the emirate over 2013, up by 18% on 2012's figures.
However, despite the good growth seen in Abu Dhabi arrivals, Dubai will continue to account for the lion's share of total UAE arrivals over the forecast period to 2018. As well as hosting the 2020 Expo, the development of additional large-scale projects, such as the USD600bn Dubai Adventure Studio theme park and the Dubai Art Museum, will ensure that leisure tourism into Dubai increases at a rapid pace.
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On a longer-term basis, BMI believes that the northern emirates hold significant tourism potential as they try to attract visitors away rom the more traditional destination of Dubai. Ajman is reportedly allocating 40% of its 2014 budget to increase work on new development, economic and social projects. Furthermore, work on Ajman International Airport in the Al Manama district is now being intensified, as is work on two new ports. Furthermore, Air Arabia started operations to Ras al-Khaimah in May 2014, which is likely to boost the emirate's tourism figures.
The UAE's hotel industry is well developed, with most leading global brands present in the local market. Accommodation in the UAE has historically been very much geared towards luxury travel, with many of the world's leading hotel chains operating...
The United Arab Emirates Tourism Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.
BMI's United Arab Emirates Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Emirati tourism industry.
- Benchmark BMI's independent tourism industry forecasts for United Arab Emirates to test other views - a key input for successful budgetary and planning in the Emirati tourism market.
- Target business opportunities and risks in the Emirati tourism sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in United Arab Emirates.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).
BMI Industry View
This contains a synopsis of our forecasts, and any changes, together with an overview of key trends and developments in the tourism industry, and an assessment of the impact of various economic and national factors which might affect the sector. It also covers new transport projects, new hotel developments, and acquisitions.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the tourism sector and within the broader political, economic and business environment.
BMI Industry Forecast Scenario
Forecasts to end-2018 for all key indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:
Inbound tourism: Arrivals (?000), arrivals growth (% y-o-y), arrivals by region, growth (% y-o-y), arrivals by country, growth (% y-o-y), top 10 countries based on arrivals, growth (% y-o-y).
Outbound tourism: Departures (?000), growth (% y-o-y), departures by regional destination (?000 and growth % y-o-y).
Travel: Methods of travel for arrivals (Air, Ship, Rail), (?000) and (% growth y-o-y), international Tourism receipts for transport (US$bn), (growth % y-o-y), international Tourism receipts for travel items (US$bn), (growth % y-o-y).
Hotels: Hotel industry value (US$bn), (growth % y-o-y), (%GDP), (per capita), (per employee), number of hotels and like establishments (?000), (growth % y-o-y), total overnight stays, (?000), (growth % y-o-y), length of stay, occupancy rate (%), number of hotel rooms, (?000), (growth % y-o-y).
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