Countries in the Gulf Cooperation Council (GCC) region, such as Saudi Arabia, the U.A.E, Qatar, Kuwait, Oman, and Bahrain, have emerged as lucrative markets for various global destinations. The high disposable incomes of GCC residents coupled with the arid climate of their home countries has resulted in significant outbound travel. Most GCC travelers prefer long vacations during the summer months of May to September to beat the heat. Popular long-haul destinations, such as Europe, Southeast Asia, and Northeast Asia, have seen a major influx of GCC tourists in recent times as the passports of GCC nations allow visa-free entry to over 80 countries. Moreover, airline and hospitality companies have increasingly targeted this high spending visitor segment which is driving the GCC outbound tourism market.
Market Dynamics:
The GCC outbound tourism market is expected to grow at a steady pace during the forecast period. Surging disposable incomes and high spending capacity of GCC nationals have emerged as a key driver as it allows for international vacations and premium experiences abroad. Additionally, the introduction of e-visa policies and relaxation of visa rules by several destinations have augmented travel convenience and stimulated outbound tourism from GCC. However, political tensions and instability in parts of the world poses threats while currency fluctuations can impact travel budgets and restrain the market growth. Meanwhile, increasing airline connectivity through the GCC hubs and tailored offerings by tour operators present lucrative opportunities. Further, strong economic growth prospects in GCC bode well for outbound tourism spending in the coming years.
Key Features of the Study:
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