GCC Ecotourism Market

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GCC ECOTOURISM MARKET ANALYSIS

• GCC Ecotourism Market, By Category (Nature,
  Wildlife, Generic), By Contribution (Ecotourism
  receipts, Hotel stay, Shopping and Leisure, Food
  and dining, Airline expenditure, Others), and By
  Region (Bahrain, Kuwait, Qatar, Saudi Arabia,
  Oman, UAE) - Size, Share, Outlook, and
  Opportunity Analysis, 2020 - 2027

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• The GCC Ecotourism market is projected to
  surpass US 630.0 million by the end of 2027, in
  terms of revenue, growing at CAGR of 3.3 during
  the forecast period (2020 to 2027).
• Drivers
• Growing preferences among travel lovers for
  ecotourism in GCC countries is primarily fueling
  the market growth of ecotourism. According to
  World Travel and Tourism Council (WTTC), in Saudi
  Arabia, the total contribution of travel and
  tourism was 154.1 billion dirhams (US 41.95
  billion) or 11.3 of GDP in 2017. It is forecast
  to rise by 4.9 in 2018. By 2028, the sector will
  represent 10.6 of GDP. Thus, growing ecotourism
  in the GCC region is expected to propel the
  market growth.
• Many GCC countries are converting their cities
  into a tourist destination is expected to propel
  the market growth of ecotourism. Dubai, Doha, and
  Manama are some of the major countries that are
  focusing on enhancing the quality of place,
  diversity, and culture, in order to make it a
  tourist destination. Thus augmenting these cities
  as tourist places in order to appeal tourist is
  expected to foster the market growth of the
  ecotourism in GCC.
• Regionally, Asia-pacific dominated the GCC
  Ecotourism market in 2019, reporting 40 market
  share in terms of revenue, followed by Europe and
  North America, respectively.

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Figure 1. GCC Ecotourism Market, Revenue Share
(), By Region, 2019
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• Market Restraints
• The risk associated with the ecotourism while
  exploring new regions restricts the market growth
  of the ecotourism in GCC.
• The hot and extreme weather condition in the GCC
  countries up to 9 months out of the year is
  projected to limit the market growth of
  the ecotourism in GCC.

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• Market Opportunities
• Increasing visiting of tourist from a convenient
  location such as Europe and the U.S. to GCC
  region is expected to bring new
  market opportunities. Increasing focus of GCC
  government to offer different adventure and
  wild-life related packages and activities and
  also enhance the shopping experiences of the
  consumers is expected to augment the market
  growth. All these factors are expected to fuel
  the market growth of ecotourism in GCC.
• Increasing hospitality sectors such as hotels and
  restaurants in the GCC region is projected to
  provide immense opportunities to the market of
  ecotourism in GCC. According to the data from
  Alpen Capital, the GCC hospitality market is
  projected to reach US 32.5 billion in 2022 from
  an estimated US 22.9 billion in 2017. Moreover,
  between 2017 and 2022, GCC hotel supply is
  expected to grow at a CAGR of 4.01.

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Figure 2. GCC Ecotourism Market  Opportunity
Analysis
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• Market Trends
• Changing lifestyle and increasing disposable
  income of the consumer is increasing their
  spending on travel activities. This is expected
  to be a major trend in the market. A growing
  number of inbound tourist coupled with the
  growing focus of the government on promoting
  environmental conservation and nature protection
  is also expected to bolster the market growth of
  ecotourism in GCC over the forecast period.
• The growing popularity of cruising in the region
  is expected to be a major trend in ecotourism in
  GCC. Moreover, the growing focus of the travelers
  to indulge in adventurous outdoor activities are
  again expected to foster the market growth of the
  ecotourism in GCC. In addition to this growing
  number of golf courses and beach resorts to
  attract urban tourist attractions is further
  anticipated to augment the market growth of
  ecotourism in GCC.

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Figure 3. GCC Ecotourism Market, Revenue Share
(), By Category, in 2019
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• On the basis of category, nature dominated the
  GCC ecotourism market in 2019 with around 48 of
  market share in terms of revenue, followed by
  wildlife and generic, respectively.
• GCC Ecotourism Market - Impact of Coronavirus
  (Covid-19) Pandemic
• According to World Tourism Organization (UNWTO),
  the Coronavirus (Covid-19) pandemic has caused a
  22 fall in international tourist arrivals during
  the first quarter of 2020. International
  lockdowns amidst of pandemic crisis could lead to
  an annual decline of between 60 and 80 when
  compared with 2019. This scenario is expected to
  continue with the extension of lockdowns in
  various countries across the globe in in response
  to the Covid-19 pandemic.
• Competitive Section
• Key players are operating in the GCC Ecotourism
  market are Ramada Worldwide, Jumeirah, Le
  Meridien, Emirates, Qatar, Gulf air, Thomas Cook

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