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When we say economic growth or GDP, we usually think of industries, manufacturing companies, exporting, IT software and trading. Rarely does tourism makes it to the list. But, when it comes to the United Arab Emirates, tourism has made a humongous difference in the country’s economy. It has promoted tourism and has been widely successful at it. This sector has attracted hundreds of investors to invest not just in tourism, but also in logistics, cargo and other related industries.
Dubai is one of the most beautiful cities in the UAE and in the world as far as tourism is concerned. Its favourable climate, beautiful coast, architectural monuments, eye-catching buildings, high standard of living makes Dubai one of the top 10 tourist destinations in the world. It has created not only vast opportunities for local tourism companies, but also many international tourism companies have been successfully running and expanding their business across the UAE.
We have listed a few reasons for you as to why you should start a travel business in the UAE.
6 Reasons to Start a Travel Business in the UAE
The reasons to start a travel business in the Dubai, UAE are as follows;
1.Supports 10% of the UAE’s GDP
The tourism sector in the UAE contributes almost 10% to the GDP. After the oil industry, travel and tourism have been the most sought-after sector in the country. Due to this reason, the government also gives more importance to the tourism sector as it is also said that, the growth in this sector has been increasing by almost 3% every year.
2.Welcomes Hundred’s of Nations
The Emirates welcomes hundreds of nationals to its country. Due to flexible visa laws, even tourists flock this place all seasons. The country has captivated the most consumption by tourists for the third year in a row; with a $537 everyday spend, according to MasterCard's Global Destination Cities Index 2018, which assessed 162 cities. Dubai was also ranked the fourth most-visited city in the world for the fourth year. It is said that new attractions and experiences have contributed to Dubai's success.
3.Attractive Visa Policy
Many countries in recent times have come up with no visa or on arrival visa policy. It has drastically increased the revenue in the tourism industry. UAE is not behind in implementing such system in its country. Most of the developed countries have an e-gate and no visa facility that also includes many GCC countries. This is one of the reasons for the increase in the number of people visiting the UAE each day.
4.Iconic Landmarks
There are many iconic landmarks in the UAE. If you are an archaeological fan, there are many mesmerizing monuments you can witness, both modern and ancient; those are sure to blow your mind. Some of the landmarks are Burj Al Khalifa, Burj Al Arab, Dubai Museum, Grand Mosque, Qasr Al Hosn Fort, Hill Archeological Park, and Museum of Islamic Civilization etc.
5.Low Oil Prices
Since the UAE is base for many oil and gas companies, fuel is cheaper here than other countries, which in turn help the tourism and transportation a cost effective factor.
6.Government Initiatives
The UAE has launched various drives to promote the travel and tourism sector. Some of the actions are listed as under-
- Sustainable Tourism Development in Abu Dhabi- It involves-
- Planning the annual Sustainability Report
- Launching and executing 'green' tourism and hotel initiatives
- Holding displays and conferences related to the environment
- Dubai Tourism Strategy 2020
- Sharjah Tourism Vision 2021
- Ajman Strategic Plan for Tourism 2015-2021- It will focus on
- Increasing the user experience and providing services that add value
- Improving sustainability and growth
- Operational productivity
- The empowered workforce in a creative work environment
- Rational expenditures and optimal investment of financial resources
Dubai welcomed a total of 15.8 million worldwide visitors in the year 2017, setting a new history for the emirate and underlining the favored strength and flexibility of its travel and tourism sector. In such a way, other Emirates in the UAE are also eager to boost their tourism sector and bring a positive change in the economy. At this rate, it won't take long for UAE to have global domination in the travel and tourism sector by the next few years.
These reasons are enough guiding factor for you to start your own travel business in Dubai. We at Commitbiz can help you with the business setup services for your travel agency. Our advisors have years of experience in this field and can make this process smooth and easy for you. Contact us today- we’d be happy to assist you.