UAE Tourism Booms: Projected $52.2 Billion Spend in 2024

The UAE’s tourism sector is experiencing a surge in international visitor spending, projected to reach $52.2 billion this year, marking a 9.4% increase. This growth positions the UAE as the 10th largest global recipient of inbound tourism spending, driven by increased travel demand and a robust infrastructure. The sector’s contribution to the regional GDP is expected to significantly grow in the coming years, generating significant employment opportunities.

Sakura Season Blooms Economic Boom in Japan

Visa shares insights into Japan’s Sakura season, highlighting its significant impact on tourism spending. Transaction volume surged by 43%, while tourism spending increased by 50%. The bloom’s progression saw spending peaks move from south to north, with regions like Kyoto and Ishikawa witnessing a doubling of weekly visitor numbers. Visitors from Southeast Asia and East Asia were the highest spenders, with last-minute shopping sprees contributing to over 60% of expenditures on the final travel day. The analysis underscores the growing adoption of contactless payments, which surged by 14% during the season.

Scroll to Top