Dubai tourism has strong growth potential for next decade: JLL

ZAWYA | July 17, 2019

Dubai tourism has strong growth potential for next decade: JLL
Dubai has balanced dynamics for the growth of its tourism sector over the next decade, thanks to its readiness, tourism infrastructure and additional avenues for visitor growth without straining its urban landscape.The emirate has been ranked at par with Beijing, Hong Kong, Munich, Osaka, Shanghai, Singapore, Tokyo and Washington DC for balanced dynamics of tourism growth by JLL and the World Travel and Tourism Council's (WTTC) latest report, Destination 2030.

Spotlight

Over the last few years, the cruise market has experienced some of the healthiest growth rates of all tourism-related industries, especially in Europe. Passenger numbers were up 21% between 2003 and 20051 and over the ten-year period up to 2005, the increase was 230%. For comparison, the far larger US market grew by ‘just’ 130% in the same period. Expectations are that between 2005 and 2015, a further 50% growth will be achieved2. Some of this growth can be attributed to general economic and demographic trends, which will put more people in the main cruise market segment of affluent pensioners.

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Spotlight

Over the last few years, the cruise market has experienced some of the healthiest growth rates of all tourism-related industries, especially in Europe. Passenger numbers were up 21% between 2003 and 20051 and over the ten-year period up to 2005, the increase was 230%. For comparison, the far larger US market grew by ‘just’ 130% in the same period. Expectations are that between 2005 and 2015, a further 50% growth will be achieved2. Some of this growth can be attributed to general economic and demographic trends, which will put more people in the main cruise market segment of affluent pensioners.