by The GCC outbound tourism market offers a variety of tourism and travel options for leisure, adventure, recreation, and exploration. tourists from Gulf countries can experience different cultures, cuisines, and attractions across popular global destinations. The increasing disposable incomes and growing middle-class population have encouraged citizens to spend more on vacations and leisure trips abroad.
The Global GCC Outbound Tourism Market is estimated to be valued at US$ 75.89 Bn in 2024 and is expected to exhibit a CAGR of 7.7% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the GCC outbound tourism market are Al Futtaim Travel, Al Ghanim Travel, Al Rostamani Travel and Holidays, Kanoo Travel, Omeir Travel Agency, Al Rais Travel Agencies, ITL World, Belhasa Tourism & Travel, Al Naboodah Travel, Al Tayer Travel Agency, Al Mosafer, Al Jazeera Travel & Tourism, Al Mufeed Travel & Tourism, Al Mufeed Travel, Al-Hokair Group, Al-Faisal Travel, Al Mufeed Travel Agency, Al Safwa Travel & Tourism, Al Shams Travel & Tourism, and Al Ahlia Travel & Tourism.
The growing demand in the market can be attributed to the increasing disposable incomes of Gulf citizens and their changing preferences towards international leisure and experiences. The hot climate in GCC countries during summers also drives citizens to head for cooler vacation spots abroad.
Majority of tourists from GCC countries prefer destinations in Europe, Asia, the United States, Africa and the Mediterranean. Leading players are focusing on strategic partnerships and expansion into emerging destinations to cater to the growing tourism demand from GCC region.
Market Key Trends
One of the key trends in the GCC Outbound Tourism Market Size is the rising popularity of experiential and adventure tourism. Tourists are showing increased interest in activities like hiking, camping, water sports, and exploring natural beauty. Destinations are focusing on developing infrastructure and facilities for experiential tourism. Furthermore, slowly lifting of travel restrictions post-Covid pandemic and resumption of international flights can boost the GCC outbound tourism industry in the coming years. Tourism boards and players will need to promote destination safely and hygienically to regain lost tourist footfalls and expenditures.
Porter’s Analysis
Threat of new entrants: The established market players hold majority market share making it difficult for new players to enter and gain footing. Significant capital is required to penetrate this market.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of alternative destinations like Europe, Asia, Africa etc. However, buyers prefer GCC destinations for proximity and cultural connect.
Bargaining power of suppliers: Travel agents and airlines have moderate bargaining power given the dependence of destinations on tourism. However, established suppliers have brand advantage and negotiation power.
Threat of new substitutes: There is threat from alternative destinations that offer similar experiences at competitive rates. Developing destinations in Africa and Asia pose competition.
Competitive rivalry: The market is dominated by large players and regional travel groups. Competition is intense on factors like packages, discounts and value-added services.
Geographical Regions
The GCC Outbound Tourism Market Size And Trends is primarily concentrated in Saudi Arabia, United Arab Emirates and Qatar in terms of value. This is attributed to higher per capita incomes and spending power of travelers from these countries.
The fastest growing geographical region for GCC outbound tourism market is Africa. Destinations like Egypt, Morocco, Tanzania etc are gaining popularity among GCC travelers due to uniqueness, exotic experiences and improving infrastructure. Growth is also propelled by increasing air connectivity between GCC and African countries.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
Ravina Pandya
Ravina Pandya,Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. LinkedIn
