Middle East Tourism Market Aims for US$ 400.71 Billion, Fueled by a 5% CAGR by 2032 | FMI

Middle East Tourism Market

The middle east tourism market, whose valuation stands at US$ 246 billion as on 2022, is projected to grow at a CAGR of 5%, and the valuation is expected to go up to US$ 400.71 billion in 2032. Being a religious hub and offering tourists an experience of both modern society and ancient spots, the Middle East tourism market is expected to grow.

Middle East is one of the most popular destinations, especially amongst the people residing in Indian subcontinent. Middle East is known for offering a variety of places where we can go for sightseeing, fun activities, and many other things.

The Middle East is mainly located in Western Asia, but there are a few parts that go up to South East Europe and North Africa. The Middle East is mainly characterised by warm climate. The summers are extremely hot, and the temperature goes up to as high as 710C, while the winters are milder.

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The beauty about Middle East is that despite being largely a desert area, the region also has rivers, seas, and gulfs. So, without a doubt, the Middle East has everything to offer at our disposal.

What is the Regional Outlook for the Middle East Tourism Market?

The Middle East tourism market share is expected to increase in the future. The countries that have been analysed are: Bahrain, Cyprus, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, the Syrian Arab Republic, Turkey, the United Arab Emirates and Yemen.

Turkey is the most visited country in the Middle East, followed by Saudi Arabia and UAE.

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Key Players:

  • Explorer Tours
  • I Love Adventures
  • Bin Dasmal Tourism LLC
  • Compass International Tours
  • Al Majid Travel and Tourism
  • Expedia
  • Kurban Tours
  • Sun and Sand Tourism & Travel
  • Thomas Cook
  • Saadi Tours and Travels.

Key Segments Profiled in the Middle East Tourism Market Survey

By Booking Channel:

  • Phone booking
  • Online booking
  • In person booking

By Consumer Orientation:

  • Men
  • Women
  • Children

By Age group:

  • 15-25 years
  • 26-35 years
  • 36-45 years
  • 46-55 years
  • 56-65 years
  • 66-75 years

By Tour type:

  • Independent traveller
  • Tour Group
  • Package Traveller

By Tourist Type:

  • Domestic
  • International

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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