"United Arab Emirates Tourism Report Q4 2014" is now available at Fast Market Research
New Consumer Goods research report from Business Monitor International is now available from Fast Market Research
[USPRwire, Fri Nov 21 2014] BMI continues to hold a broadly optimistic stance towards the UAE's tourism sector. We forecast 8.3% growth in tourist arrivals from all regions in 2014, with tourism receipts set to rise by around 9.4% in US dollar terms. However, we would also like to flag up some of the more intangible risks to our current upbeat forecasts. Over the past quarter, the regional threat posed by Islamic State (IS) has grown substantially. To combat this threat, the US and its regional allies (including the UAE) launched air and missile strikes in Syria for the first time on September 23 2014. This move substantially expands the military role of the Arab Gulf states.
Saudi Arabia, the UAE, Qatar, Jordan and Bahrain all took part in the military operation; although their exact roles in the military action were unclear, they were reportedly involved in the bombing rather than providing purely logistical support. We believe that the US and its Arab allies will ramp up the campaign against IS in Syria over the coming weeks. This increased action against IS increases the risk of the UAE being targeted in revenge terrorist attacks by Islamist militants. Please see the Industry Risk/Reward ratings section of this report for more information.
Latest figures from Dubai's international airport show 6.65mn passengers in August 2014, an increase of 10.8% year-on-year (y-o-y). Year-to-date passenger traffic totalled 46,479,919, an increase of 5.7% y-o-y. In recent months, passenger traffic through Dubai had been restricted, as the airport was carrying out a runway upgrade that saw the airport have to operate off a single runway for some 80 days, and saw capacity fall by over 25%. However, now that the runway upgrade works have been completed, BMI believes there will be a strong end to 2014 and retain our forecast of 8.3% growth in tourist arrivals this year. Hotel occupancy rates have remained robust, reportedly averaging 83.2% in Dubai in H114, up from 82.6% in H113.
Figures for Abu Dhabi...
The United Arab Emirates Tourism Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.
BMI's United Arab Emirates Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Emirati tourism industry.
Key Benefits
* Benchmark BMI's independent tourism industry forecasts for United Arab Emirates to test other views - a key input for successful budgetary and planning in the Emirati tourism market.
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