Middle East & Africa Luxury Travel Market Size & Outlook
Middle East & Africa luxury travel market, 2017-2030 (US$M)
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MEA luxury travel market highlights
- The MEA luxury travel market generated a revenue of USD 95,706.1 million in 2023.
- The market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, safari & adventure was the largest revenue generating tour in 2023.
- Culinary Travel & Shopping is the most lucrative tour segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 95,706.1 million |
| Market revenue in 2030 | USD 167,423.5 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Safari & adventure |
| Fastest growing segment | Culinary Travel & Shopping |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Customized & Private Vacations, Safari & Adventure, Cruises, yachting and small ship expeditions, Celebration Journeys, Culinary Travel & Shopping, Luxury Trains |
| Key market players worldwide | TUI AG, Butterfield & Robinson, Lindblad Expeditions Holdings Inc, Exodus Travels, Scott Dunn, Abercrombie & Kent, GeoEx (Geographic Expeditions), Micato Safaris |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.1% of the global luxury travel market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 500,061.5 million by 2030.
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Luxury Travel Market Scope
Luxury Travel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa luxury travel market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to luxury travel market will help companies and investors design strategic landscapes.
Safari & adventure was the largest segment with a revenue share of 34.52% in 2023. Horizon Databook has segmented the Middle East & Africa luxury travel market based on customized & private vacations, safari & adventure, cruises, yachting and small ship expeditions, celebration journeys, culinary travel & shopping, luxury trains covering the revenue growth of each sub-segment from 2017 to 2030.
Tourism is a major economic pillar in some destinations, while it has significant potential growth in others. The region includes locations of all sizes and stages of development in terms of infrastructure, connectivity, promotion, and brand strength.
Increasing focus of Dubai on offering stays in chic desert trailers, beach camps, and plush mountainside lodgings to make its own mark in the heritage tourism. Camping in the desert is one of the popular activity among expat residents and tourists in the UAE.
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Our clientele includes a mix of luxury travel market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa luxury travel market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa luxury travel market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA luxury travel market size, by country, 2017-2030 (US$M)
Middle East & Africa Luxury Travel Market Outlook Share, 2023 & 2030 (US$M)
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