The United Arab Emirates’ tourism and travel industry is set to expand growth by 5.1 per cent by the end of the current year (2015), according to a fresh report.
The tourism and travel industry added a total of AED126.7 billion to the country’s gross domestic product, the World Travel and Tourism Council says in a new report.
Furthermore, this sector has provided more than 518,500 direct and indirect jobs related to support services. By the end of 2015, the number of those working in this domain will grow by 5.3 per cent.
According to the report published by Emarat al-Youm, the tourism and travel industry is forecast to contribute AED489.3bn to the national economy, comprising eight per cent of gross domestic product by the end of the current year.
Additionally, the number of those employed by this sector is set to increase to 546,000, making up more than nine per cent of the local workforce, the data indicates.
Despite global and regional challenges, the UAE tourism industry continues to grow in a pace faster than other sectors of the national economy, the report notes.
The UAE plans to maintain robust tourism sector growth in order to push this domain to employ more than 700,000 people.