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Home Lifestyle Hospitality & Tourism UAE targets $27.2 billion in tourism investments by 2031, increasing GDP contribution to $122.5 billion 

UAE targets $27.2 billion in tourism investments by 2031, increasing GDP contribution to $122.5 billion 

In 2023, tourism accounted for 11.7 percent of the UAE’s GDP, amounting to $59.9 billion
UAE targets $27.2 billion in tourism investments by 2031, increasing GDP contribution to $122.5 billion 
The WTTC anticipates that the travel and tourism sector's contribution to the UAE GDP will reach approximately $74.92 billion by 2034.

The UAE’s tourism industry continues to showcase impressive growth in international visitor numbers and hotel occupancy, in line with the UAE Tourism Strategy 2031. This strategy aims to draw AED100 billion ($27.2 billion) in tourism investments and elevate the sector’s GDP contribution to AED450 billion ($122.5 billion) by 2031, WAM reported. 

In 2023, tourism accounted for 11.7 percent of the UAE’s GDP, amounting to AED220 billion ($59.9 billion), with projections indicating a rise to 12 percent or AED236 billion in 2024, as reported by the World Travel and Tourism Council (WTTC).

The WTTC anticipates that the travel and tourism sector’s contribution to the UAE GDP will reach approximately AED275.2 billion ($74.92 billion) by 2034, driven by the country’s exceptional infrastructure, including airports and accommodations, as well as exciting tourist attractions.

Read more: Dubai welcomes 10.62 million international tourists in first 7 months of 2024

In the first seven months of 2024, Dubai attracted 10.62 million tourists, marking an 8 percent increase year-on-year (YoY). Meanwhile, Abu Dhabi’s hotels hosted over 2.87 million guests in the first half of 2024, generating AED3.6 billion, reflecting a 19.5 percent YoY growth.

Moreover, these achievements underscore the effectiveness of the UAE’s sustainable tourism initiatives, supported by robust infrastructure, a variety of tourist destinations, and a dedication to continuous improvement under the National Tourism Strategy 2031.

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