Latest news with #AED57.6
Hi Dubai
6 days ago
- Business
- Hi Dubai
UAE Emerges as One of the World's Top 7 Tourist Spending Hubs
The UAE's tourism sector delivered a record-breaking performance in 2024, contributing AED257.3 billion (US$70.1 billion) to the national GDP—13% of the country's economy—according to the latest report from the World Travel and Tourism Council (WTTC). The figure marks a 3.2% rise from 2023 and a 26% increase over 2019, placing the UAE among the world's top performers for tourism-led growth. Praising the sector's achievements, His Highness Sheikh Mohammed bin Rashid Al Maktoum hailed the results as a reflection of the UAE's economic resilience and global appeal. International visitor spending soared to AED217.3 billion, while domestic tourism spending reached AED57.6 billion, reinforcing the country's position among the top seven destinations globally for international tourist spending. Minister of Economy and Tourism Abdulla bin Touq Al Marri attributed the success to the UAE's strategic tourism policies and infrastructure investments across all seven emirates. These initiatives support the national goal of increasing tourism's GDP contribution to AED450 billion and reaching 40 million hotel guests annually by 2031. The report highlighted the UAE's diverse tourist base, with top visitor markets including India, the UK, Russia, China, and Saudi Arabia. International visitors accounted for 79% of tourism expenditure, while leisure tourism dominated overall spending. Sustainability remained central, with tourism-related emissions comprising just 13.3% of national carbon output, aligning with the UAE's broader environmental goals. The sector also drove social impact, employing significant numbers of women and youth, and contributing over US$8.6 billion in tax revenues. Globally, the travel and tourism sector added US$10.9 trillion to the world economy in 2024, with the UAE standing out as a leading example of post-pandemic recovery and strategic growth. News Source: Emirates News Agency
Filipino Times
28-06-2025
- Business
- Filipino Times
UAE ranks in world's top 7 for tourist spending
The United Arab Emirates ranked among the world's top seven destinations for international tourist spending in 2024, according to a report by the World Travel and Tourism Council (WTTC). Visitors spent AED217.3 billion (US$59.2 billion) in the UAE, a 5.8% increase from 2023 and over 30% higher than pre-pandemic levels. His Highness Sheikh Mohammed bin Rashid Al Maktoum said, 'The WTTC report highlights the exceptional achievements of the UAE tourism sector. International visitor spending exceeded AED217 billion last year, with domestic tourism expenditure reaching AED57 billion. 'The UAE ranks among the world's top seven destinations for international tourist spending, surpassing countries that have been in this industry for centuries,' His Highness added. The report also showed that domestic tourism contributed AED57.6 billion (US$15.7 billion), bringing the total travel and tourism sector's impact on the UAE's GDP to AED257.3 billion. That amount represents 13% of the national economy and is one of the highest growth rates globally. The rise in visitor spending came from a wide mix of tourists, mainly from India (14%), the United Kingdom (8%), Russia (8%), China (5%), and Saudi Arabia (5%). The rest came from other parts of the world, showing the UAE's global appeal. Minister of Economy and Tourism Abdulla bin Touq Al Marri said the country's achievements are the result of strong strategies, infrastructure upgrades, and international partnerships. He added that these efforts help create jobs and attract more investment in tourism.
