5 things to know about the Middle East travel market in 1 minute
Here are 5 things to know about the current state and future outlook of the Middle East travel market in less than 1 minute.
From Phocuswright's recently published report: Middle East Travel Market Report 2020-2024 available here: https://www.phocuswright.com/Travel-Research/Market-Overview-Sizing/Middle-East-Travel-Market-Report-2020-to-2024
While its travel industry has been hit hard by the COVID-19 pandemic, reports have indicated that the Middle East region is resilient and will adapt. Despite suffering a 64% decline in 2020, the region is expected to see strong improvements in tourism indicators by the third quarter of 2021; a return to pre-pandemic levels may occur in some sectors by 2023. Countries that have been relying heavily on domestic tourism are now preparing to welcome international tourists and promote attractions with an emphasis on strict health and safety measures. This travel research report provides market sizing, projections and key segment analysis for the Middle East travel industry through 2024.