GCC Outbound Tourism Market Growth, Size, Trends, Share, Revenue, Demand and Future Outlook
GCC Outbound Tourism Market Size- By Tourist Type, By Age Distribution, By Tourism Type, By Traveler Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: TRAT2401 | Pages: 1 - 158 | Formats*: |
| Category : Travel & Tourism | |||
GCC Outbound Tourism Market Introduction and Overview
According to SPER Market Research, the GCC Outbound Tourism Market is estimated to reach USD 176.78 billion by 2033 with a CAGR of 8.09%.
The report includes an in-depth analysis of the GCC Outbound Tourism Market, including market size and trends, product mix, distribution channels, and supplier analysis. The term "outbound tourism" describes the practice of citizens of one nation visiting and staying in another nation primarily for business, pleasure, educational, medical, or other reasons. It provides a chance to discover novel customs, settings, and cultures. In addition, it offers a diversion from the usual, which revitalizes the body and mind. It can help with global cooperation and commercial expansion. For airlines, travel companies, and the lodging industry, it is a source of income. By exposing people to diverse cultures, languages, and lifestyles, it promotes personal growth. It improves flexibility, the ability to solve problems, and general receptivity to new experiences.
- Big Five Tours & Expeditions declared the grand opening of Galapagos.com, a website dedicated to eco-friendly travel. The website has the name of the Galapagos Islands, which are home to some of the rarest species on the planet and are where Darwin's theory of evolution originated.
- A single tourist visa will be available to all member states of the Gulf Cooperation Council (GCC) by 2025. This initiative is in line with the GCC 2030 tourism strategy, which aims to increase tourism by 7% yearly and establish the area as a top global tourist destination
Market Opportunities and Challenges
Opportunities: Due to growing environmental consciousness, people's preferences are shifting towards sustainable travel options like low-impact activities and eco-friendly lodging. This is one of the main factors driving demand for outbound travel and tourism in the GCC region. In addition, the growth of global business connections is encouraging professionals in the Gulf Cooperation Council (GCC) to consider traveling abroad for conferences, networking, and market research. Furthermore, the growing trend of people choosing to further their education abroad in order to advance their careers is encouraging the expansion of the business in the area. Aside from this, the region's economy is being favorably impacted by the rising appeal of cooking programs and food-focused media, which encourage tourists to sample different cuisines from around the world.
Challenges: There are many obstacles facing the outbound tourism market, including environmental concerns, geopolitical unpredictability, and economic issues. Variations in the economy, encompassing income levels and currency exchange rates, can have a substantial effect on people's capacity to go overseas. Geopolitical tensions, including wars or instability in particular areas, may discourage travelers from traveling abroad out of fear for their safety. Tight immigration laws and complicated visa processes can also be obstacles to travel, limiting the number of tourists leaving the country. Furthermore, requests for sustainable practices and responsible tourism have grown in response to environmental challenges like overtourism and climate change.
Market Competitive Landscape
The Outbound Tourism market in GCC is fairly consolidated. Some of the market key players are Big Five Tours & Expeditions Inc., Farhat Tours & Transfers S.P.C., G Adventures, Praxis Holidays LLP, Greenloons LLC, Responsible Travel, Royal Arabian Destination Management, and Steppes Travel.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Tourist Type, By Age Distribution, By Tourism Type, By Traveler Type |
| Regions covered | Southern Region, Northern Region, Eastern Region, Western Region |
| Companies Covered | Big Five Tours & Expeditions Inc., Farhat Tours & Transfers S.P.C., G Adventures, Praxis Holidays LLP, Greenloons LLC, Responsible Travel, Royal Arabian Destination Management, and Steppes Travel. |
COVID-19 Impact on GCC Outbound Tourism Market
The COVID-19 epidemic has significantly altered traveler choices and habits throughout the GCC, affecting the outbound tourist business. The global implementation of travel restrictions, border closures, and lockdown measures aimed at curbing the spread of the virus resulted in a notable decline in the outbound tourism sector within the Gulf Cooperation Council. Travel from the region to other countries drastically decreased as a result of the strict travel restrictions, quarantine guidelines, and cautions that the governments implemented. Travelers from the Gulf Cooperation Council (GCC) were reluctant to go overseas because of the pandemic's uncertainty and their concerns about getting infected while traveling.
Key Target Audience:
- Travel Agencies and Tour Operators
- Airlines and Aviation Industry
- Hospitality and Accommodation Providers
- Government Tourism Boards and Authorities
- Business Travelers
- Leisure Travelers
- Adventure and Eco-Tourism Enthusiasts
- Luxury Travel Segment
- Millennials and Generation Z Travelers
- Senior Citizens and Retirees
Our in-depth analysis of the GCC Outbound Tourism Market includes the following segments:
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| By Age Distribution: |
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| By Tourism Type: |
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| By Traveler Type: |
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Key Topics Covered in the Report:
- GCC Outbound Tourism Market Size (FY’2024-FY’2033)
- Overview of GCC Outbound Tourism Market
- Segmentation of GCC Outbound Tourism Market By Tourist Type (Domestic, International)
- Segmentation of GCC Outbound Tourism Market By Age Distribution (Under 18 years, 18-25 years, 26-35 years, 36-45 years, 46-55 years, Above 55 years)
- Segmentation of GCC Outbound Tourism Market By Tourism Type (Holiday, VFR (Visit Friends and Relatives), Business, Others)
- Segmentation of GCC Outbound Tourism Market By Traveler Type (Independent Traveller, Tour Group, Package Traveller)
- Expansion Analysis of GCC Outbound Tourism Market
- Problems and Obstacles in GCC Outbound Tourism Market
- Competitive Landscape in the GCC Outbound Tourism Market
- Impact of COVID-19 and Demonetization on GCC Outbound Tourism Market
- Details on Current Investment in GCC Outbound Tourism Market
- Competitive Analysis of GCC Outbound Tourism Market
- Prominent Players in the GCC Outbound Tourism Market
- SWOT Analysis of GCC Outbound Tourism Market
- GCC Outbound Tourism Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the GCC Outbound Tourism Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. GCC Outbound Tourism Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in GCC Outbound Tourism Market
7. GCC Outbound Tourism Market, By Tourist Type (USD Million)
7.1. GCC Outbound Tourism Market Value Share and Forecast, By Tourist Type, 2024-20337.2. Domestic7.3. International
8. GCC Outbound Tourism Market, By Age Distribution (USD Million)
8.1. GCC Outbound Tourism Market Value Share and Forecast, By Age Distribution, 2024-20338.2. Under 18 years8.3. 18-25 years8.4. 26-35 years8.5. 36-45 years8.6. 46-55 years8.7. Above 55 years
9. GCC Outbound Tourism Market, By Tourism Type (USD Million)
9.1. GCC Outbound Tourism Market Value Share and Forecast, By Tourism Type, 2024-20339.2. Holiday9.3. VFR (Visit Friends and Relatives)9.4. Business9.5. Others
10. GCC Outbound Tourism Market, By Traveler Type (USD Million)
10.1. GCC Outbound Tourism Market Value Share and Forecast, By Traveler Type, 2024-203310.2. Independent Traveller10.3. Tour Group10.4. Package Traveller
11. GCC Outbound Tourism Market Forecast, 2020-2033 (USD Million)
11.1. GCC Outbound Tourism Market Size and Market Share
12. GCC Outbound Tourism Market, By Tourist Type, 2020-2033 (USD Million)
12.1. GCC Outbound Tourism Market Size and Market Share By Tourist Type (2020-2026)12.2. GCC Outbound Tourism Market Size and Market Share By Tourist Type (2027-2033)
13. GCC Outbound Tourism Market, By Age Distribution, 2020-2033 (USD Million)
13.1. GCC Outbound Tourism Market Size and Market Share By Age Distribution (2020-2026)13.2. GCC Outbound Tourism Market Size and Market Share By Age Distribution (2027-2033)
14. GCC Outbound Tourism Market, By Tourism Type, 2020-2033 (USD Million)
14.1. GCC Outbound Tourism Market Size and Market Share By Tourism Type (2020-2026)14.2. GCC Outbound Tourism Market Size and Market Share By Tourism Type (2027-2033)
15. GCC Outbound Tourism Market, By Traveler Type, 2020-2033 (USD Million)
15.1. GCC Outbound Tourism Market Size and Market Share By Traveler Type (2020-2026)15.2. GCC Outbound Tourism Market Size and Market Share By Traveler Type (2027-2033)
16. GCC Outbound Tourism Market, By Region, 2020-2033 (USD Million)
16.1. GCC Outbound Tourism Market Size and Market Share By Region (2020-2026)16.2. GCC Outbound Tourism Market Size and Market Share By Region (2027-2033)16.3. Eastern16.4. Western16.5. Northern16.6. Northern
17. Company Profile
17.1. Big Five Tours & Expeditions Inc.17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Farhat Tours & Transfers S.P.C.17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. G Adventures, Praxis Holidays LLP17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Greenloons LLC17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Responsible Travel17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Royal Arabian Destination Management17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Steppes Travel17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
GCC Outbound Tourism Market is projected to reach USD 176.78 billion by 2033, growing at a CAGR of 8.09% during the forecast period.
GCC Outbound Tourism Market size from 2022. The Market is expected to reach USD 176.78 billion by 2033, at a CAGR of 8.09% during the forecast period.
GCC Outbound Tourism Market CAGR of 8.09% during the forecast period.
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GCC Outbound Tourism Market size is 176.78 billion from 2024 to 2033.
"GCC Outbound Tourism Market Segment is covered By Tourist Type, By Age Distribution, By Tourism Type, By Traveler Type"
The MEA is anticipated to have the highest market share in the GCC Outbound Tourism Market.
"The key players in the market include Companies Covered Big Five Tours & Expeditions Inc., Farhat Tours & Transfers S.P.C., G Adventures, Praxis Holidays LLP, Greenloons LLC, Responsible Travel, Royal Arabian Destination Management, and Steppes Travel."
Aside from this, the region's economy is being favorably impacted by the rising appeal of cooking programs and food-focused media, which encourage tourists to sample different cuisines from around the world.
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