Saudi Arabia among top three source markets for UAE tourists

Saudi Arabia will remain among the UAE’s top three source markets for tourists/ visitors until 2023, Emirates News Agency (WAM) reported on Thursday, citing research by Arabian Travel Market (ATM).

The number of Saudi visitors travelling to the UAE will increase at a CAGR (compound annual growth rate) of two percent to 1.76 million in 2023, while the number of Indian visitors travelling to the UAE will increase at a CAGR of seven percent to 3.01 million in 2023.

Also see: Saudis top list of GCC visitors to Dubai in 2018

Arrivals from the United Kingdom will witness an increase of one percent to 1.28 million over the same period.

Overall, the UAE is set to welcome 8.92 million visitors from the top five source markets by 2023. According to report published ahead of ATM, which takes place at Dubai World Trade Centre from April 28 to May 1, 2019, Expo 2020 and its legacy, District 2020, is expected to have a positive long-term influence on the growth of inbound arrivals to the UAE from the country’s top five source markets between 2018 and 2023, the ATM report added.

While the UAE’s top source market rankings are expected to remain mostly unchanged post-Expo 2020 – the latest research from Colliers International, in partnership with ATM, reveals the Russian and Chinese source markets will show above average annual growth rates for inbound passenger arrivals.