TME Services

Exploring Business Opportunities in the UAE Tourism Sector5 min read

Author: Uwe Hohmann
Managing Partner, MBA Tax Law / Commercial- & Tax Consultant

The UAE’s tourism industry is on a significant upward trajectory, with a forecast of 23,600 new job opportunities in 2024, pushing total employment to around 833,000. This growth is backed by data from the World Travel and Tourism Council (WTTC), emphasizing the sector’s recovery and expansion.

The resilience and growth of the UAE travel and tourism sector open numerous avenues for business setups, particularly in hospitality, aviation, and travel services.

The robust expansion of the UAE’s tourism sector, with employment possibly reaching a million within the next decade and an estimated sector value of AED 275 billion, presents a lucrative opportunity for business setups. Entrepreneurs and businesses can tap into the thriving market through direct involvement in hospitality services, hotel management, specialized travel agencies, and aviation services.

This year looks promising for the UAE tourism sector with a projected 10% increase in international visitor spending, expected to reach AED 192 billion, and a 4.3% rise in domestic spending, approximating AED 58 billion. This surge in spending highlights potential high-revenue streams for new and existing companies. Businesses focusing on luxury travel experiences, cultural tourism packages, and eco-tourism can especially benefit from the increased expenditure trends.

A Call to Action for Aspiring Entrepreneurs

The record-breaking performance of the UAE’s travel and tourism sector, with a 26% growth last year, contributing AED 220 billion to the GDP, underscores its important role in the UAE’s economy. For entrepreneurs considering a company setup in the UAE, these figures illustrate the strong economic environment and the sector’s capacity to sustain and nurture new businesses.


How TME Services Can Support Your Business

With over 18 years of experience in the UAE and the Middle East, we specialize in legal, tax, accounting, and compliance matters. Visit our services page to learn more about everything we do.


Share the article

Would you like to speak with one of our consultants? Just submit your details and we will reach back shortly. Request a Call Back