November 2020, Études
Chalhoub Groupe
What does the future hold for the GCC?
Tourism into the GCC has grown considerably in recent years as the region continues to rapidly develop its retail, hospitality, entertainment, F&B and cultural offerings. Experts note this growth will only continue as more human and capital resources are invested, with the implications for retailers remaining vast. By 2030, there will be an extra billion people in the world, of which a substantial 20% will be travelling1 . Numbers of international tourist arrivals will increase by 43 million a year on average, reaching 1.8 billion tourist arrivals across the world by 20302 — a growth pattern already seen in the GCC.
