MasterCard’s Global Destination Cities report predicted that the total spending by international tourists arriving in Dubai this year would reach $11.7 billion.
This represents a growth of 7.4 per cent and with this, Dubai will maintain its ninth place globally, which it achieved last year in MasterCard’s Global Destination Cities index of international visitor spending per city resident.
According to the report, Dubai has achieved a significant growth rate in the period between 2011 and 2015 in terms of international visitor spending, reports UAE-based Al Bayan.
The growth surpassed 44.5 per cent, from $8.1 billion in 2011 to $11.7 billion this year, making Dubai the second fastest growing tourist destination in this indicator in the top ten, and Seoul, Korea came in first place.
Dubai ranked first globally in terms of international visitor spending per city resident, estimated at $4,668 in 2015, which is almost double the second-ranked Barcelona at $2,793, followed by Singapore at $2,639 per visitor.
Helal Saeed Almarri, the director general of Dubai’s Department of Tourism and Commerce Marketing (DTCM), says that although MasterCard’s rankings are based on estimations, they are nearly identical to our expectations for future growth.