Middle East: Some interesting facts on tourism industry

14 May 2016

Middle East, besides petrol and gas, depends significantly on tourism industry and here are some industry facts

1. GDP Contribution

The direct contribution of Travel & Tourism to GDP was USD73.7bn (2.7% of total GDP) in 2014, and is forecast to rise by 4.7% in 2015, and to rise by 4.6% pa, from 2015-2025, to USD121.0bn (3.1% of total GDP) in 2025

2. Employment

Travel & Tourism directly supported 2,255,000 jobs (3.2% of total employment). This is expected to rise by 3.1% pa to 3,202,000 jobs (3.4% of total employment) in 2025.

3. Vistor Exports

´┐╝Visitor exports generated USD68.3bn (4.6% of total exports) in 2014. This is forecast to grow by 2.5% in 2015, and grow by 4.5% pa, from 2015-20

4. Investment

Travel & Tourism investment should rise by 4.9% pa over the next ten years to USD75.6bn in 2025 (7.0% of total).

 

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