Due to the COVID-19 pandemic, the revenue generated by international luxury tourism in the United Arab Emirates was anticipated to have dropped by over 71 percent in 2020. It is expected to take about three years for this sector's revenues to bounce back. Meanwhile, the UAE's domestic luxury tourism revenue is projected to be unfazed by the pandemic, generating an estimated two billion U.S. dollars each year between 2019 and 2024. This and other forecasts were published by Statista in a study on luxury travel and tourism.
Luxury tourism revenue in the United Arab Emirates from 2019 to 2024, by market
(in billion U.S. dollars)
A country's luxury tourism revenue is defined as income generated by domestic and inbound international high-net-worth individuals (HNWIs) through the acquisition of consumer goods, services, and valuables for and during trips. HNWIs have net assets over one million U.S. dollars.
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Statista. (March 5, 2021). Luxury tourism revenue in the United Arab Emirates from 2019 to 2024, by market (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1071620/united-arab-emirates-luxury-tourism-revenue-origin/
Statista. "Luxury tourism revenue in the United Arab Emirates from 2019 to 2024, by market (in billion U.S. dollars)." Chart. March 5, 2021. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1071620/united-arab-emirates-luxury-tourism-revenue-origin/
Statista. (2021). Luxury tourism revenue in the United Arab Emirates from 2019 to 2024, by market (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1071620/united-arab-emirates-luxury-tourism-revenue-origin/
Statista. "Luxury Tourism Revenue in The United Arab Emirates from 2019 to 2024, by Market (in Billion U.S. Dollars)." Statista, Statista Inc., 5 Mar 2021, https://www.statista.com/statistics/1071620/united-arab-emirates-luxury-tourism-revenue-origin/
Statista, Luxury tourism revenue in the United Arab Emirates from 2019 to 2024, by market (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1071620/united-arab-emirates-luxury-tourism-revenue-origin/ (last visited December 30, 2024)
Luxury tourism revenue in the United Arab Emirates from 2019 to 2024, by market (in billion U.S. dollars) [Graph], Statista, March 5, 2021. [Online]. Available: https://www.statista.com/statistics/1071620/united-arab-emirates-luxury-tourism-revenue-origin/
