UAE tourist spending up by 70%, reaches Dh121 billion in 2022

Wednesday, May 3, 2023

In 2022, tourist spending in the UAE has climbed by 70% to Dh121 billion, the most in the region.
“Global tourism has rebounded after three years of decline,” His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, posted on Twitter. “The UAE’s tourism sector has also made a strong comeback.”

This occurred during Sheikh Mohammed’s visit to the Arabian Travel Market 2023, which hosts 2,000 tourism firms from 150 countries worldwide. He restated the UAE’s goal of achieving 40 million tourists in seven years and expanding tourism’s contribution to GDP to Dh450 billion.

“We remain committed to developing all sectors of our national economy, with the goal of building the best and most active economy in the world,” he said.

He was referring to the UAE Tourism Strategy 2031, which was unveiled earlier this year. It hopes to attract Dh100 billion in new tourism investments.

“Tourism is key to diversifying our economy and boosting UAE’s global competitiveness,” Sheikh Mohammed had said at the time.

The strategy contains 25 projects and strategies to help the country’s tourism sector grow. It is planned to help encourage tourism investment in a variety of linked industries such as travel, aviation, and hospitality, as well as provide new investment possibilities, attract more foreign enterprises to the local market, and develop tourism data and statistics.

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