Middle East Travel And Tourism at Traveling

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Middle East Travel And Tourism. The travel and tourism industry consists of revenues generated by passenger airlines, passenger rail, foodservice, hotels and motels, travel intermediaries and casinos and gaming. Before the pandemic struck, the middle east’s travel & tourism sector’s contribution to gdp represented us$ 270 billion (8.9% of the total economy).

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The middle east is above the global travel recovery average. Bahrain, egypt, iran, iraq, israel, jordan, kuwait, lebanon, oman, palestine, qatar, saudi arabia, syria, united arab emirates and yemen. In 2019, before the pandemic struck, the travel and tourism sector in the middle east was worth us$270 billion to the region’s economy.

Middle East Vacation Packages Liberty Travel

According to the research, at the current rate of recovery, the middle east region will recover just over a. The middle eastern travel & tourism industry had total revenues of $152.9bn in 2019, representing a compound annual growth rate (cagr) of 5.7% between 2015 and 2019. Travel and tourism generate 10% of the world’s economic output and support 1 in 10 jobs. In 2019, before the pandemic struck and began to devastate economies around the world, the travel & tourism sector in the middle east was booming, generating us$270 billion to the region’s economy.