GCC Outbound Tourism Market Size- By Tourist Type, By Age Distribution, By Tourism Type, By Traveler Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
GCC Outbound Tourism Market Introduction and Overview
According to SPER market research, ‘GCC Outbound Tourism Market Size- By Tourist Type, By Age Distribution, By Tourism Type, By Traveler Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the GCC Outbound Tourism Market is predicted to reach USD 176.78 billion by 2033 with a CAGR of 8.09%.
Outbound tourism is the travel done by nationals of one country to another for leisure, business, or other purposes. It encompasses a wide range of travel-related activities, including adventure travel, medical travel, business travel, and visiting friends and relatives (VFR). Outbound tourism is being driven by several causes, such as rising disposable incomes, globalization, improved connectivity via air travel, and greater awareness of various cultures and destinations.
The COVID-19 epidemic has had a detrimental effect on the tourist sector in the Gulf Cooperation Council (GCC) due to the significant shift in traveler choices and behaviors. The travel ban, border closures, and lockdowns that were implemented globally to halt the virus’s spread resulted in a major decline in the outbound tourism sector for the Gulf Cooperation Council. The governments’ tight travel restrictions, quarantine guidelines, and alerts caused a dramatic drop in the amount of people leaving the region to visit abroad.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Tourist Type, By Age Distribution, By Tourism Type, By Traveler Type
Regions covered Southern Region, Northern Region, Eastern Region, Western Region
Companies CoveredBig Five Tours & Expeditions Inc., Farhat Tours & Transfers S.P.C., G Adventures, Praxis Holidays LLP, Greenloons LLC, Responsible Travel, Royal Arabian Destination Management, and Steppes Travel.
GCC Outbound Tourism Market Key Segments CoveredBy Tourist Type: Based on the Tourist Type, GCC Outbound Tourism Market is segmented as; Domestic, International.
By Age Distribution: Based on the Age Distribution, GCC Outbound Tourism Market is segmented as; Under 18 years, 18-25 years, 26-35 years, 36-45 years, 46-55 years, Above 55 years.
By Tourism Type: Based on the Tourism Type, GCC Outbound Tourism Market is segmented as; Holiday, VFR (Visit Friends and Relatives), Business, Others.
By Traveler Type: Based on the Traveler Type, GCC Outbound Tourism Market is segmented as; Independent Traveller, Tour Group, Package Traveller.