Published on : Monday, September 13, 2021
By the year 2025, as per a forecast made by Redseer report, the Middle East North Africa or MENA tourism is expected to bounce back in the short to medium term to be worth $165 billion, four times its value in 2020.
The report says that as the UAE and other countries reopen their borders and allow international tourists in the next few months, this could cause a major rise in tourist inflow.
In 2020, the travel and tourism industry was among the hardest hit sectors as restrictions worldwide stopped all but essential domestic and international travel, which caused a plunge of 74 percent in the inflow of tourism. This represented a drop in monetary terms of just under 70 percent to $46 billion in 2020, a sharp fall from 2019’s $148bn.
The report pinpointed that region’s successful vaccination programs as well as lockdown fatigued consumers would cause a flow in those seeking to go out. The report said in its consumer interactions, “consumers also expressed increased willingness for domestic travel. We already saw this play out as well last year when the number of internal tourists in the UAE more than doubled from May to October 2020, compared to the same period in the previous year.”
Tags: MENA tourism