Business and tourism are two main sectors that always remained priority for Dubai to attain its economic growth in the absence of large reserves of oil & gas. Business sector faced few ups and downs in the emirate due to various reasons. But the sector that remained backbone of Dubai’s economy and always remained reliable is tourism. Since past several decades, Dubai has been hosting millions of tourists every year and their numbers are either increasing or remain stable every next year.
The reason behind this steady growth of tourism sector is policies adopted by Dubai government. It provides one of the world’s best entertainment, medical and educational facilities at comparatively lower rates while improvements have been seen without any break for the sector. This not only attracts new visitors but also drives previously visited tourists to return to Dubai to see something new and exciting next time. A recent report predicted another steady growth of Dubai’s tourism sector beyond 2020 mainly due to the reasons listed above.
Analysts have the view that several factors will boost Dubai tourism even beyond 2020 that will assist in arrival of new tourists in Dubai while they are also being expected to stay longer in the emirate. It is mainly due to new and renovated theme parks, cultural centers, building of affordable hotels and the transformation of Dubai South into tourist attraction after Expo 2020. Apart from these specific factors, Dubai’s position as an important tourist destination will further strengthen due to increase in service standards, constructing new attractions and renovating the existing ones and an effective marketing strategy.
The middle class population in countries like China and India is increasing steadily which is increasing the number of people with abundance of time and money to travel abroad for tourism. People from these two countries are forming major portion of Dubai tourism sector. But there is also quite much diversification in this sector as tourists arrive here from multiple destinations including Russia, Latin America, Southeast Asia and sub-Saharan Africa.
Due to these factors, it is expected that the number of tourists in Dubai will increase from 15.8 million in 2017 to 20 million by 2020. The abundance of theme parks in Dubai is an extremely important factor that is encouraging tourists from different parts of world. In fact, Dubai is the only place between France and Singapore to provide such entertainment facility in large number. It means Dubai (and UAE) is the only affordable place for such beautiful theme parks for middle class.
This report and analysis is quite encouraging for businesses related to tourism and hospitality sector and they can expect consistent growth in their business not only by 2020 but even beyond. There is no reason to delay the establishment of related business in Dubai as it is like losing a certain opportunity. You can easily do so by contacting Riz & Mona Consultancy via WhatsApp # 971-56-9971225. We have years of experience in establishing all types of businesses in Dubai and other emirates of UAE.