Economy

Intra-GCC tourism sees growth of 51.2%

This performance reflects a recovery that surpasses pre-pandemic levels, driven by expanded air connectivity, visa facilitation and a diversification of tourism products.

 International tourism revenues in the Gulf Cooperation Council (GCC) countries reached approximately $120.2 billion in 2024, an increase of 39.6 per cent compared to 2019 and 8.9 per cent compared to 2023, raising the GCC’s share of global tourism revenues to 7.5 per cent.

Data issued by the Statistical Center of the Cooperation Council for the Arab States of the Gulf explained that this reflects the continued strong performance of inbound tourism to the GCC countries during 2024, recording remarkable growth in the number of visitors, revenues and jobs, which enhances the sector’s role as one of the main drivers of economic diversification and support for the gross domestic product.

The “Travel and Tourism in the GCC Countries for 2024” report issued by the centre indicates that the total number of international tourists coming to the GCC reached 72.2 million tourists in 2024, achieving a growth of 51.5 per cent compared to 2019, and 6.1 per cent compared to 2023, raising the market share of the region to 5.2 per cent of global tourism. This performance reflects a recovery that surpasses pre-pandemic levels, driven by expanded air connectivity, visa facilitation and a diversification of tourism products.

© ZAWYA

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

How large current account imbalances unwind: Evidence from historical adjustment episodes

Global imbalances are back in the policy debate. This column examines 70 current account adjustment…

25 minutes ago

Trapped at home: Climate stress is more likely to immobilise the poor than to move them

Climate-driven displacement is widely expected to push millions across international borders. Drawing on monthly bilateral…

30 minutes ago

Innovation without borders

Europe has devoted substantial resources to fostering innovation and AI diffusion, through both centralised EU…

2 days ago

Trapped at home: Climate stress is more likely to immobilise the poor than to move them

Climate-driven displacement is widely expected to push millions across international borders. Drawing on monthly bilateral…

2 days ago

Dollar liquidity, gold reserves, and US monetary spillovers in a fragmenting world

Central banks are rethinking reserve portfolios as geopolitical fragmentation raises concerns about the accessibility of…

2 days ago

High-speed internet and early childhood development: Causal evidence from a countrywide programme

The rapid expansion of high-speed internet has intensified concerns about how digital technologies affect early…

2 days ago