14 May 2018, Gergana Bencheva, EMIS Editor
MENA’s tourism sector may grow to USD 350bn by 2027
The key sector engines will be the leisure and religious tourism sectors while medical and business tourism are also emerging in the region. For example, Egypt and Lebanon are gaining more and more popularity as medical tourism destinations and people are also showing increased interest in cultural heritage sites, the research company noted.
The UAE and Saudi Arabia, which now account for around 50% of region’s tourism market, are expected to grow at a compound annual growth rate (CAGR) of 5% over the next decade. The two countries are also said to be the most affected by the digitalisation wave as over half of their travellers prefer to book their trips online, TradeArabia underlined.
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