31/01/2016 04:47 AST

Annual figures released by Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) show Dubai attracted over 14.2 million overnight visitors in 2015, recording a strong 7.5% increase over 2014 – double the United Nations World Travel Organization’s (UNWTO) projected 3-4% global travel growth for the same period.

The Gulf Cooperation Council (GCC) remained the regional foothold, supporting continued demand from neighboring markets to Dubai, consequently delivering the highest share of visitor volumes for 2015, with a total of 3.3 million, up 12.8% over 2014.

In terms of country-specific volumes from the GCC, the Kingdom of Saudi Arabia remained the lead market, contributing 1.54 million visitors, followed by Oman accounting for over 1 million travellers. Kuwait and Qatar were also among the top 20 markets, with the former the only one to register a decline in growth versus 2014 yet retaining its top 10 position, and the latter recovering strongly from mid-year with a high 32% year-on-year increase for the full year of 2015. The emirate’s tourism sector once again proved the tenacity and strength of its economic contribution, as it made steady progress towards the target of 20 million visitors per year by 2020, despite a year afflicted by macro-economic uncertainties, and amidst a particularly turbulent geo-political climate during the second half of 2015 internationally.

Helal Saeed Almarri, Director General, Dubai Tourism, said: “Under the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, last year was a very strong year for Dubai’s travel sector, achieving double the global industry growth levels and our international visitation hitting 14.2 million, which firmly positions us as the fourth most visited city in the world. 2015 was volatile for travel globally, as we have all witnessed a range of disruptive factors, ranging from slackening economic growth in Asian and European markets to currency fluctuations across the world. Yet if Dubai is to hit its 20 million visitors per year target in the next five years, we must deliver a threshold 7-8% annual growth consistently, which has put even greater emphasis on strong sector-wide collaboration.

“Our performance over the past 12 months is undeniably reflective of the resilience of our diversified market strategy, our unified industry-level responsiveness, and ultimately the sustained strength of Dubai’s proposition.”

Through the pursuit of a multi-geography visitation mix strategy, Dubai furthered the performance achieved in the first half of the year to deliver strong growth across key feeder regions, mitigating the downward trends in specific countries.

Despite a sluggish economy and a strong US dollar constraining Dubai’s competitiveness, Western Europe remained the second highest regional contributor to visitor volumes, bringing in nearly 3 million tourists, reflecting a solid 6.1% growth in numbers.

The UK remained within Dubai’s top 3 source countries with 11% growth, accounting for nearly 1.2 million visitors. Germany also stayed in the top 10 list with 7% growth generating over 460,000 visitors, followed by two others in the top 20 traffic generators – France showing a slight decline primarily in the last quarter of 2015, and Italy remaining flat versus 2014.

Northern European markets across the Nordics and the Benelux, while independently small in volume, have been frontier growth generators for tourism traffic in 2015, on the back of growing direct flight capacity from the region.

South Asia was the next largest region by volume, bringing in 2.3 million visitors, reflecting a 21.7% increase versus 2014. India dominated the region, becoming Dubai’s number one source market for the first time by bringing in over 1.6 million tourists, and the country was the second fastest growing market


Saudi Gazette

Ticker Price Volume
SABIC 114.77 5,915,941
Saudi Public Investment Fund signs agreement with Six Flags to create amusement park in Riyadh

05/04/2018

Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa

Arab News

Green energy drive will boost KSA employment: Saudi Arabia’s renewable energy chief

05/04/2018

In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.

A massiv

Arab News

Dubai house prices, rents drop in first quarter of 2018

05/04/2018

Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices

The National

Saudi Arabia lifts GCC index buoyed by strong oil prices

05/04/2018

Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re

Times of Oman

Banks’ real estate credit at QR147.7bn

05/04/2018

Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i

The Peninsula