Hospitality & Tourism
Dubai Tops the Charts in Tourist Spending Globally
With a strong annual tourist inflow, Dubai tops the charts for daily consumer spending by the tourists globally. A report published by MasterCard’s Global Destination Cities Index (GDCI) indicated that the numerous shopping centres and fashion brands were primarily influencers and led to tourists spending in Dubai.
Furthermore, the GDCI report stated that the tourists spent a cumulative amount of Dh113 billion (US$31 billion) during the year 2018, with the daily average spent estimated at Dh 2,030 (US$ 553) while the average length of stay in Dubai was 3.5 nights respectively. The city of Makkah was the second destination where tourist spent the most at Dh73.8 billion ($20.1 billion) in 2018, closely followed by Bangkok with Dh73.5 billion ($20 billion). Based on the reports from Dubai Chambers, the total consumer spending by the end of 2018 was estimated at Dh 723 billion ($ 197 billion) and is expected to reach Dh 958 billion ($ 261 billion) by 2021 at a growth rate of 7.5 per cent.
Likewise, for the fifth year running, Dubai continued to maintain the fourth position for the most visited cities in the world behind Paris (3rd), London (2nd) and Bangkok (1st). In 2018, Dubai hosted nearly 16 million visitors. In addition, Dubai welcomed 8.36 million international visitors in the first half of 2019 with a 3 per cent growth compared to the same period for 2018.
According to Chief Commercial Officer for EXPO 2020 – Sanjive Khosla, the visitor numbers are set to increase even further next year the government expect World EXPO to create both short and long term benefits for Dubai’s tourism industry while enhancing its reputation as a diverse global meeting destination.
As a result of government initiatives, Dubai’s tourism sector is fast becoming a major contributor to the economy with approximate contribution of 6-8 per cent and projected an annual growth rate of 2.2 per cent. The strong performance of the retail sector in Dubai, the consumer spending, tourist inflow and the spending capacity of the tourists that visit Dubai, provide an excellent opportunity for investment.
Research Konnection is a market research company in Dubai that assists local and international companies to set up or expand businesses in Dubai, Abu Dhabi and UAE. At Research Konnection, we specialize in Market Research, Feasibility Studies and Business Plan Developments. Feel free to reach out to us on email@example.com…September 14, 2019
Dubai Tourism – A Cornerstone for Diversified Economic Growth
With an ever-expanding infrastructure in Dubai, tourism sector has become one of the fastest-growing sectors in the Emirate with approximate co…September 12, 2019
Dubai Medical Tourism on Rise – DHA
Dubai’s healthcare industry has emerged as one of the most critical sectors in recent times. The government initiatives to promote the healthcare industry has significantly improved the m…September 9, 2019
Dubai Named World’s Busiest Airport For Fifth Consecutive Year
Dubai – For the fifth consecutive year, Dubai retains the top global spot for being the busiest airport for international travellers globally, which it took ove…February 21, 2019
…November 14, 2018
UAE Visa Reforms to Boost Economy & Attract Foreign Direct Investment
The UAE government has been proactive in promoting the country as a global business hub. Several major initiatives have been taken by UAE in order to enhance ease of doing business, boost investment confidence and stimulate business growth. In addition to the 10-years visa plan and 100 per cent ownership for foreign companies, new visa reforms to radically reduce the cost of employee visa have been implemented allowing private sector companies to recover an estimated Dh 14 billion ($3.8 billion). The initiatives allow them to improve cash flow and further invest in their business.
In a recent move, the UAE cabinet chaired by H.H. Sheikh Mohammed, Vice President and Prime Minister of UAE and the Ruler of Dubai, approved new strategic reforms to enhance UAE’s economic competitiveness by facilitating the private sector (new visa rules & insurance schemes) in the country. The new visa rules also aimed at making UAE and Dubai leading tourism destination among the transit tourists. The cabinet approved eight new strategies to enhance the competitiveness of the country.
UAE Government – Economic Competitiveness Initiatives 2018
- A new system to replace the bank guarantees required for private sector employee visa
- Releasing the current employee bank guarantees to the private sectors (Est. Dh 14 billion ($3.8 billion))
- Implementing new insurance policy
- Temporary visas for jobseekers for 6 months without the visa fees
- Entry free visa for transit tourists (48 hours) to boost tourism
- Two years visa scheme for outstanding and talented students
- Visa adjustment for individuals eliminating the need to exit and re-enter UAE
- Voluntary departure facilities for individuals that overstayed without imposing ban
Visa Reforms to Improve Cash Flow & Boost Economy
In a major move, the UAE government will replace the current employee bank-guarantee paid by the private sector employers (Dh 3,000 ($817)) to a comprehensive employee insurance scheme at Dh 60 ($16) on annual basis (covering work injuries and end of service benefits etc.). Through the initiative, businesses will recover an estimated Dh 14 billion ($3.8 billion), which will reduce the burden on private sector employers to manage capital requirements hence enabling them to improve cash flow and further invest in their business.
Visa Reforms to Boost Tourism & Support Job Seekers
One of the significant improvements in visa rules is the decision to exempt transit passengers from all entry fees for the first 48 hours. Additionally, a transit visa can be extended for up to 96 hours for a fee of Dh 50. The new changes are likely to boost tourism activities in the country with as many as 70 per cent of the total passengers passing through UAE airport are transit passengers. The passenger traffic at Dubai Airport reached 7.6 million in April 2018 with traffic from Eastern European, CIS and African countries showing growth while India, Saudi Arabia and UK being the top performers.
A new six-month visa will be introduced for job seekers who overstayed their visa, but wish to work in UAE. Facilities to voluntarily leave the country for people (without ban) who are overstaying will also be introduced. Likewise, several major reforms have been proposed in UAE, which includes number of visa facilitation for visitors, residents, families and individuals overstaying in UAE.
New Visa Rule to Foster Investment Environment in UAE
As one of the most diversified and developed economy in the region, UAE will continue to hold prominent placement amongst international investors. UAE’s incredible positioning amongst global investors also results from its political stability, higher transparency, nearly non-existent crime rates and a very cosmopolitan society, where nationals from over 200 countries reside in the country.
UAE will continue to remain an attractive investment destination because of its diversified and innovation driven economy. In 2017-18 Global Competitiveness Report published by World Economic Forum, UAE topped the Arab World and ranked 17th globally in the global competitiveness ranking. By the year 2025, UAE is expected to attract more than Dh257 billion ($70 billion) investments.
The new visa and insurance reforms along with the 10-years visa plan and 100 per cent ownership for foreign companies, is likely to make UAE more competitive and flexible, re-instate confidence of the private sector and stimulate business growth in the country. It will also attract more jobs and foreign direct investment in the country.
Research Konnection – Market Research, Feasibility Study & Business Plan Services Dubai (UAE) Research Konnection is a market research company in Dubai that assists local and international companies to setup or expand businesses in Dubai and UAE smoothly. At Research Konnection, we specialize in Market Research, Feasibility Studies and Business Plan Developments. Feel free to reach out to us on firstname.lastname@example.org…June 26, 2018
To Become Leading Sustainable Tourism Destination Globally – ATM
Arabian Travel Market (ATM), is one of the leading international event in the Middle East region that focuses on both inbound and outbound travel. The ATM event also enable the exhibitors to reach and expand in newer markets along with penetrating in existing market. In particular, the Dubai’s Department of Tourism and Commerce Marketing (DTCM) focused on promoting Dubai Sustainable Tourism (DST) initiative emphasizing on resource conservation apart from ensuring that Dubai evolves to become a leading sustainable tourism destination globally.
The 26th edition of Arabian Travel Market (ATM) 2018 took place at Dubai World Trade Centre from 28th April to 1st May 2018. More than 40,000 visitors including travel professionals, government officials and international press professionals participated in the event, with approximately 2,500 companies exhibiting over 2,800 products and destinations around the world from across 150 countries. According to the reports published by Arabian Trade Market (ATM), more than Dh 9 billion (USD $2.5 billion) worth of travel deals took place during the four day event.
Arabian Travel Market – Event Highlights
The event was inaugurated by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai. The exhibitors who attended the event were from various industries including but not limited to travel & tourism, aviation, hospitality, spa & wellness and educational establishments etc. Some of the major highlights of the events are listed below:
Dubai announces ‘Sustainable Tourism’ initiatives at ATM
DTCM successfully launched Dubai Sustainable Tourism (DST) Awards apart from introducing 19 new standards in line with effective management of resources for various hotel classifications. Furthermore, new tools were developed including Hospitality Sustainability Board Game and the Carbon Calculator. Likewise, 12 Steps to Sustainability was introduced to help promote energy conservation, create energy efficient services, and encourage environmentally sustainable practices Dubai’s tourism and hospitality sectors.
Experience All That’s Possible With the Dubai Pass at ATM
Dubai Tourism announced Dubai Pass at ATM; an all-inclusive prepaid card that grants cash-free access to 33 key events and venues across Dubai, making it the perfect way for tourists to explore the emirate’s world-class destination proposition. Through the new announced Dubai Pass, visitors can enjoy the exciting range of attractions, experiences and tours that Dubai has to offers.
Emirates Airline unveiled new Boeing 777 private suites at Dubai ATM
Emirates Airline introduced first class private suite with Mercedes Benz style interiors on its Boeing 777. The suite comes with cutting-edge technology with floor-to-ceiling sliding doors, soft leather seating, high-tech control panels and mood lighting. The suite also provides virtual windows and a personal video-call service. The professionals and enthusiasts were awed by its design and luxury the suite provides as Emirates look to enhance its service offerings in luxury travel segment.
Dubai – ATM Conference
Several topics were discussed in the ATM event on enhancing tourists inflow, targeting digital platforms successfully, insights on consumer perception and much more. Some of the major topics are listed below:
- Branding and Selling on Social Media
- How smart destinations use big data to attract ideal visitors
- The Hospitality Sector in the next 25 years
- The Most Common Mistakes in Influencer Marketing In 2018 (And How To Fix Them)
- Aviation Strategies for Success
- A world without money: how the cashless revolution is turning payments into profit
- Responding to the evolving regional travelers
Government Initiative to Promote Tourism in Dubai
UAE has successfully placed itself amongst the most popular tourist destination at a global level. With ambitious developmental initiatives, high quality projects robust infrastructure and high-end services has contributed to the success. A statistics provided by Hotelier Middle East suggested that the overall tourists visiting Dubai by 2017 was around 15.8 million which was a 6.2 per cent increase from the previous year. The government of Dubai has also planned over 50 large-scale government initiatives to boost its tourism growth. Some of the major initiatives are
- Construction of mega tourism attraction projects such as Adventure Theme Parks, Parks & Resorts, Mega Malls, Entertainment and Leisure avenues etc.
- Introducing tourist VISA on arrival for Chinese visitors to give strong push to the tourist volume
- Introducing 96 hours VISA to attract transit passengers who have a transit flights from Dubai
- Developing medical tourism infrastructure to attract medical tourists to Dubai. (Dubai Medical Tourism market generated more than Dh 1.4 billion in 2016. According to Dubai Health Authority (DHA), the Emirate is well on its way to attract more than 500,000 medical tourists by 2020 compared to near around 350,000 medical tourists in 2017.)
- Constructing more hotels to accommodate the tourists visiting Dubai (Dubai has one of the highest numbers of hotel rooms (100,000) and is set to see a massive increase of 28,000 new hotel rooms as 80 new hotels are set to open in Dubai, increasing the hotel supply by 30% by 2018)
Investment Opportunities in Dubai’s Tourism and Hospitality Sector
The tourism industry is among the fastest growing sectors in Dubai and also has a significant contribution to UAE’s GDP. The total contribution of the travel and tourism industry of UAE was around Dh 168 billion in 2017 (12% of total GDP) with an annual growth rate of 4.9 per cent. Dubai welcomed 15.7 million visitors by the end of 2017 which was a 6.2 per cent increase compared to previous year.
In 2017, it was estimated that more than 24 million passengers had a transit flight from UAE. In order to capitalize the influx of transit passengers, the government of Dubai now offers transit visa for 96 hours to transit passengers. The change in visa laws along with EXPO 2020 which anticipates 25 million visitors is likely to fuel tourism growth in Dubai, providing an ideal platform for investors to invest in Dubai’s travel, tourism and hospitality sectors.
Research Konnection – Market Research, Feasibility Study & Business Plan Services Dubai (UAE) Research Konnection is a market research company in Dubai that assists local and international companies to setup or expand businesses in Dubai and UAE smoothly. At Research Konnection, we specialize in Market Research, Feasibility Studies and Business Plan Developments. Feel free to reach out to us on email@example.com…May 4, 2018
Dubai Entertainment Amusement & Leisure Show
Dubai Entertainment Amusement & Leisure (DEAL) Show is one of the largest amusement and leisure trade show in the world excluding USA. The event conducted by Middle East & North Africa Leisure & Attraction Council (MENALAC) provided an effective and unparalleled platform and gathered exhibitors, buyers, and professionals from the international amusement and entertainment industry.
The 24th edition of Dubai Entertainment Amusement & Leisure took place at Dubai World Trade Center from 9th April to 11th April 2018. More than 8,000 quality trade visitors participated in the event with approximately 315 brands and exhibitors across 40 countries displaying their products and services. The show brought together great minds and their world class innovations in the amusement and entertainment industry during the 3 days and the exhibitors in the event signed multi-million dollar contracts that reshape the region’s entertainment industry.
Dubai Entertainment Amusement & Leisure Show – Event Highlights
The event was inaugurated by Mr. Buti Saeed Al Ghandi Managing Director of Al Ghandi Investment Co. Several organizations from different sectors such as Gaming, Electronics, Amusement Rides, Safety & Security, IT, Theatrical Equipment & Supply, Entertainment, Museums, Tourist Attractions and much more showcased their products and services. More than 30 per cent of the exhibitors were new to the event. Some of the new major exhibitors in the event are listed below
- Valley-Dynamo – USA
- Ice-World International – Netherlands
- CLCorporation – France, Kynoa SA – Switzerland
- Dein Interdecor SA – Spain,
- Prologic – UAE
- Sega Amusements International – UK
- Hysteria Entertainment – UAE
- Kilic Lunapark – Turkey
The organizations had an opportunity to display their latest technologies and developments in the event that attracted the investor’s attention. According to the post event reports, Virtual Reality (VR) based games and Active Entertainment based concepts were the major attractions in the event. Some of the other major cutting-edge technologies that were displayed were 9D park rides, 12D cinemas, family entertainment centre equipment as well as a large range of creative concepts.
A survey was conducted among the exhibitors in indicated the following:
93% of the exhibitors felt their objective of generating sales at the show was met.
90% of the exhibitors felt their objective of launching new products at the show was met.
90% of the exhibitors rated their overall participation at the show as good and excellent.
88% of exhibitors rated the quality of visitors to the show as good and excellent.
Investment Opportunities in Dubai and UAE Tourism Sector
According to the Industry report published by Middle East & North Africa Leisure & Attraction Council (MENALAC), the amusement and leisure industry was valued at Dh 118 billion by 2017 with an annual growth rate of 4.7 per cent.
Global amusement and leisure organizations have started investing in Dubai and UAE, due to the huge growth potential the region possess. Reports also suggest that there is a 30 per cent annual increase in the exhibitors that participate in DEAL. The primary reason for the increasing interest in the region is due to the of the exponential growth of the tourism sector in UAE and Dubai.
The tourism industry is among the fastest growing sectors in Dubai and also has a significant contribution to UAE’s GDP. By 2017, the total contribution of the travel and tourism industry of UAE was around Dh 168 billion (12 per cent of total GDP) with an annual growth rate of 4.9 per cent. Dubai welcomed 15.7 million visitors by the end of 2017 which was a 6.2 per cent increase compared to previous year. By 2017 it was estimated that more than 24 million passengers had a transit flight in UAE. Because of this highly inflow of passengers the government of Dubai provides a transit visa for 96 hours in the emirate. This is also expected to contribute to the growth of tourism sector.
With Expo 2020, Dubai’s initiatives to promote medical tourism and other major events that are lined up in UAE, the total number of visitors are expected to reach 25 million by 2020. The increasing number of tourists, makes the region highly profitable for investments in Entertainment Amusement and Leisure sector.
Research Konnection – Market Research, Feasibility Study & Business Plan Services Dubai (UAE) Research Konnection is a market research company in Dubai that assists local and international companies to setup or expand businesses in Dubai and UAE smoothly. At Research Konnection, we specialize in Market Research, Feasibility Studies and Business Plan Developments. Feel free to reach out to us on firstname.lastname@example.org…April 27, 2018
The International Family Medicine Conference (IFM 2018) – Dubai
The International Family Medicine Conference (IFM) was held under the patronage of H.H. Sheikh Hamdan bin Rashid Al Maktoum, Crown Prince of Dubai and the President of Dubai Health Authority on February 26-28. The conference was hosted at Dubai International Convention & Exhibition Centre and aimed to enhance family medicine practice in Dubai and UAE, by empowering and educating the family physician community.
The conference brought together family physicians practitioners from different parts of the world to interact with each other and share their contributions toward the healthcare and the management of various patient health concerns in primary care.
By inviting speakers, product specialists and decision-makers from different parts of the world, the IFM 2018 paved the way for future collaborations towards establishing Dubai as an internationally recognized medical tourism hub, in addition to positioning the Emirate as a global medical education destination.
International Family Medicine Conference – Key Agenda
More than 120 speakers and 3,000 medical specialists and participants attended the 2018 edition of IFM. Some of the key topics discussed at the fifth edition of the IFM included:
- Updates of Diabetes
- Physical Inactivity & Obesity
- Innovation & New Approaches in Primary Healthcare
- Humanizing Health Care ‘The Art of Family Medicine
- The Role of Family Physicians (Women & Child Health)
- Pathway to Cervical Cancer Elimination
- Anxiety & Physical Illness Interface
- Medico Legal issues
Dubai to become a Leading Medical Tourism Hub Globally
Dubai is one of the world’s fastest growing medical tourism destinations. The city has world class healthcare infrastructure and is equipped with internationally accredited medical facilities and services. Furthermore, the Emirate has close to 35,000 high caliber healthcare professionals who follow high standards in healthcare delivery. At the core of Dubai’s success is its strong health regulation framework, which in itself is a catalyst for Dubai’s medical tourism.
Dubai Health Authority (DHA) has the ambition to attract 500,000 annual international medical tourists to the city by 2020, a strategic goal that is fuelling investments opportunities for the emirate’s healthcare industry.
IFM Impact on Dubai’s Medical Education and Healthcare Industry
The work of IFM conference is consistent with Dubai’s strategic goal of transforming the city into the preferred destination for education, healthcare treatment and tourism. The ultimate priority of the IFM organizers was to boost the healthcare offer in Dubai and UAE, through strengthening the practice of Family Medicine in the country, in accordance with the directive of the World Health Organization (WHO), ‘to provide one family doctor for every 1,000 people’.
Investment Opportunities in Dubai’s Healthcare Sector
Dubai currently has a population of 3 million people according to Dubai Statistics Center (DSC). With Dubai’s population set to reach 5 million by 2030 according to official figures, the Emirate’s healthcare sector is forecast to provide investors with significant investments opportunities in the coming years. This includes a wide range of healthcare industry segments, including but not limited to Medical Care, Medical Tourism Insurance, Dentistry, Dermatology, Ophthalmology, Weight-loss Surgeries, Gynecology, Preventive Medicine, and Sports Medicine.
…March 3, 2018
DIHTF Highlights Dubai’s Path to becoming a Medical Tourism Hub
Dubai International Health Tourism Forum (DIHTF) recently concluded in Dubai (UAE) focusing on reimagining the healthcare experience travel. The outcome of DIHTF 2018 was fairly positive with key insights highlighted during the event, offering new ways to enhance the health and travel practice in the Emirate. The forum saw international industry experts and researchers from the public and private health and travel sectors together to enhance the medical tourism experience in Dubai.
Dubai International Health Tourism Forum – 2018 Core Agenda
Prominent industry leaders and researchers including medical travel organizations and health services attended the forum to exchange knowledge and expertise in the sector of healthcare and tourism. Some of the key topics covered at the two-day forum included:
- Areas of Health Tourism Experience
- Medical Tourism Insurance
- Patient Centred Care
- Role of Social Media Influencers in the Health Tourism Industry
- Health Travel Metrics & Reliable Global Index
- The Future of Health Tourism
- Surgical Techniques & Healthcare Technologies
DIHTF Impact – UAE & Dubai’s Healthcare Industry
The UAE and Dubai’s healthcare tourism sector will be positively boosted by DIHTF as the forum attracted healthcare companies from all over the world. In fact, the event provided an unparalleled opportunity for Dubai to demonstrate its potential as a premium medical tourism destination encouraging international hospital groups, medical travel organizations and healthcare and wellness service providers to consider the emirate as an attractive investment destination in the coming years.
Moreover, infrastructure developments in Dubai’s healthcare sector which includes but not limited to Dubai Healthcare City Phase 2, coupled with the introduction of innovative and integrated care models will support excellence and pave way for further investments in the Emirate of Dubai.
Dubai – A Premium Medical Tourism Destination
Medical tourism is playing a significant role in boosting Dubai’s economy by attracting visitors from all across the globe. The Dubai Medical Tourism market generated more than Dh 1.4 billion in 2016. According to Dubai Health Authority (DHA), the Emirate is well on its way to attract more than 500,000 medical tourists by 2020 compared to near around 350,000 medical tourists in 2017.
Thanks to government initiatives, Dubai has become one of the top global destinations for following specializations:
- Aesthetics & Cosmetic Surgeries
- Preventive Medicine
- Skin Care
- Sports Medicine
The introduction of ‘Dubai’s Acclaimed City’, as well as the launch of ‘Dubai Health Experience (DXH)’ has also helped put Dubai on the map for medical tourism.
DXH is a brand conceived by Dubai Health Authority (DHA) to provide medical tourists with sophisticated and integrated health service system. Furthermore, DXH App offers access to hundreds of healthcare professionals and clinics covering a wide range of healthcare issues. In addition, the App provides medical packages that have been created with the help of over 25 healthcare facilities that form the ‘DXH Group’.
Dubai’s success as a world-class medical tourism destination was only possible due to the efforts made by the government to provide the Emirate with the right policy framework. The government support to Dubai’s medical tourism is expected to continue in the coming years, in line with Dubai’s ambition to be “a globally recognized destination for elective health and wellness treatments”.
Dubai Healthcare Sector – Investment Opportunities
Dubai offers significant opportunities for investment in the healthcare sector as it aims to capitalise from burgeoning population and economic growth, EXPO 2020 and the rise in healthcare demand and medical tourists in the Emirate.
…February 27, 2018