UAE Hospitality Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 50.57 Billion |
| Market Size (2029) | USD 65.96 Billion |
| CAGR (2024 - 2029) | 5.46 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
UAE Hospitality Market Analysis
The UAE Hospitality Market size is estimated at USD 50.57 billion in 2024, and is expected to reach USD 65.96 billion by 2029, growing at a CAGR of 5.46% during the forecast period (2024-2029).
The hospitality industry is one of the most rapidly expanding and vibrant industries globally. In rapidly developing economies like the United Arab Emirates, hospitality significantly enhances the country's global presence and economic advancement. The increasing presence of hotel chains, resorts, and other establishments, including well-known international and local brands, underscores the industry’s vitality and crucial role in the country's economy. Dubai, in particular, stands out as a premier tourism destination, with its popularity poised for further growth in the future.
The hospitality industry in the United Arab Emirates, particularly in Dubai and Abu Dhabi, thrives due to several key factors. These cities are major global tourism hubs, drawing millions of visitors annually for business and shopping. This consistent tourism growth stimulates the demand for hospitality services. The United Arab Emirates is renowned for its luxurious hospitality offerings, including upscale hotels, resorts, and restaurants. The desire for lavish experiences among wealthy travelers continues to propel market growth. Additionally, the United Arab Emirates is a top destination for business and MICE (meetings, incentives, conferences, and exhibitions) tourism in the region, owing to its exceptional conference facilities and exhibition centers, attracting many business travelers.
UAE Hospitality Market Trends
Rising Tourism in the United Arab Emirates is Leading to Growth in the Industry
The UAE tourism industry is flourishing due to its stunning attractions and diverse offerings. Dubai, in particular, is renowned for its blend of entertainment, cultural experiences, technological advancements, and business opportunities, attracting tourists annually. Tourism remains a crucial focus of Dubai's development strategy and is set to play a vital role in the Dubai Economic Plan D33. The United Arab Emirates has established itself as a top global tourism destination, attracting millions of visitors annually through its commitment to innovation and advancement.
The United Arab Emirates offers vibrant and exotic destinations that captivate travelers. From the exhilarating rides of Ferrari World and the mystical ambiance of Sheikh Zayed Mosque to the unique Palm Jumeirah islands and the scenic Jabel Hafeet with its breathtaking desert views, the country offers many experiences. The Sharjah Arts Museum adds to this richness, making the United Arab Emirates a modern cultural paradise in the Middle East.
The Luxury Hotel Segment Dominates the Hospitality Industry in the United Arab Emirates
In the UAE hospitality industry, the luxury hotel segment stands out, especially in the bustling cities of Dubai and Abu Dhabi. Renowned for their lavish accommodations and top-tier services, these cities attract discerning travelers in search of opulence. Often, luxury hotels in the United Arab Emirates not only meet but also set benchmarks for global hospitality standards, consistently introducing innovative services for their guests.
As the tourism hub of the Gulf States, the United Arab Emirates is synonymous with glitz and glamour, drawing global visitors in pursuit of luxury. A notable highlight in Dubai's luxury landscape is "The Heart of Europe." Developed by the Kleindienst Group, this self-sufficient luxury resort is nestled six kilometers into the sea, among the iconic World Islands. The precinct features sixteen hotels and holiday resorts, each drawing inspiration from major European cities.
UAE Hospitality Industry Overview
The hospitality industry in the United Arab Emirates is fragmented, with the presence of many players. The hospitality industry in the United Arab Emirates has a strategic focus on providing exceptional experiences to guests, whether they are leisure travelers, business travelers, or attendees at events and conferences. It also invests in tourism infrastructure, including new hotels, resorts, and attractions. The key players include Marriott International Inc., Hilton Worldwide Holdings Inc., Jumeirah Group, Emaar Hospitality Group, and DAMAC Properties.
UAE Hospitality Market Leaders
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Marriott International Inc
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Hilton Worldwide Holdings Inc
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Jumeirah Group
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Emaar Hospitality Group
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DAMAC Properties
*Disclaimer: Major Players sorted in no particular order
UAE Hospitality Market News
- April 2023: The Dubai-based Hospitality Management Holding (HMH) Group announced plans to unveil 18 new hotels in the Arabian Travel Market. During the event, the Group showcased its regional hospitality projects and signed new partnership deals. HMH is expected to use this platform to reveal its forthcoming strategies and international expansion plans.
- March 2023: IHG Hotels & Resorts, a global leader in the hotel industry with over 6,000 hotels worldwide, made headlines with the debut of Voco Dubai The Palm, a new beachfront hotel on the renowned Palm Jumeirah.
UAE Hospitality Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Tourism in the United Arab Emirates Bolsters the Growth in Hospitality Sector
4.2.2 The Rise in the Mice Industry in the United Arab Emirates Drives the Hospitality Sector
4.3 Market Restraints
4.3.1 High Rentals in the United Arab Emirates Pose a Restraint to the Hospitality Sector
4.4 Market Opportunities
4.4.1 Adopting Sustainable Practices, Such as Energy-Efficient Buildings
4.5 Value Chain/Supply Chain Analysis
4.6 Industry Attractiveness: Porter's Five Forces Analysis
4.6.1 Bargaining Power of Buyers
4.6.2 Bargaining Power of Suppliers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Revenue Flow From the Accommodation and Food and Beverage Sector
4.8 Leading Cities In United Arab Emirates With Respect to the Number of Visitors
4.9 Investments (Real Estate, Fdi, and Others) In the Hospitality Industry
4.10 Technological Innovations In the Hospitality Industry
4.11 Insights on Shared Living Spaces Impact on the Hospitality Industry
4.12 Insights on Other Economic Contributors to the Hospitality Industry
4.13 Impact of Covid-19 on Hospitality Industry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Chain Hotels
5.1.2 Service Apartments
5.1.3 Independent Hotels
5.2 By Segment
5.2.1 Budget and Economy Hotels
5.2.2 Mid and Upper mid scale Hotels
5.2.3 Luxury Hotels
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration
6.2 Company Profiles
6.2.1 Marriott International
6.2.2 Hilton Worldwide Holdings
6.2.3 Emaar Hospitality Group
6.2.4 Rotana Hotels
6.2.5 DAMAC Group
6.2.6 Jumeirah Hotels & Resort
6.2.7 Hyatt Hotel Corporation
6.2.8 Al Habtoor Group
6.2.9 Majid Al Futtaim
6.2.10 Abu Dhabi National Hotels
6.2.11 Accor SA
6.2.12 Danat Hotels & Resorts
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. ABOUT US
UAE Hospitality Industry Segmentation
The hospitality industry encompasses various businesses and services related to lodging, dining, event planning, theme parks, transportation, and other activities catering to travelers, tourists, and residents seeking leisure, recreation, and entertainment experiences.
The hospitality industry in the United Arab Emirates is segmented by type and segment. By type, the industry is segmented into chain hotels, service apartments, and independent hotels. By segment, the industry is divided into budget and economy hotels, mid and upper-mid-scale hotels, and luxury hotels. The reports offer market sizing and forecasts in value (USD) for all the above segments.
| By Type | |
| Chain Hotels | |
| Service Apartments | |
| Independent Hotels |
| By Segment | |
| Budget and Economy Hotels | |
| Mid and Upper mid scale Hotels | |
| Luxury Hotels |
UAE Hospitality Market Research FAQs
How big is the UAE Hospitality Market?
The UAE Hospitality Market size is expected to reach USD 50.57 billion in 2024 and grow at a CAGR of 5.46% to reach USD 65.96 billion by 2029.
What is the current UAE Hospitality Market size?
In 2024, the UAE Hospitality Market size is expected to reach USD 50.57 billion.
Who are the key players in UAE Hospitality Market?
Marriott International Inc, Hilton Worldwide Holdings Inc, Jumeirah Group, Emaar Hospitality Group and DAMAC Properties are the major companies operating in the UAE Hospitality Market.
What years does this UAE Hospitality Market cover, and what was the market size in 2023?
In 2023, the UAE Hospitality Market size was estimated at USD 47.81 billion. The report covers the UAE Hospitality Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the UAE Hospitality Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Hospitality in UAE Industry Report
Statistics for the 2024 UAE Hospitality market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. UAE Hospitality analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
