Assessing the potential impacts of the GCC Unified Visa
The GCC countries have approved a unified tourism visa system which aims to boost tourism and economic diversification across the region. The new system should come into effect in 2024 or 2025 having been announced at the recent GCC meeting in Muscat.
What you will learn:
- Previous analysis by Tourism Economics has quantified a range of impacts from successful changes in visa policy as it facilitates greater ease in travel. The size of impact varies depending on the type of policy change and existing entry requirements but typically range 4%-16%pa boost to annual average growth in inbound travel.
- Our initial analysis estimates this could add a cumulative 22mn more visitor arrivals and 26bn USD in visitor spending to the region by 2030 – an estimated increase of 4% – based on some draft assumptions around the implementation and reach of the new visa.
Tourism organisations upbeat despite cost and staffing challenges
Our new Tourism Economics survey - Tourism Industry Monitor (TIM) - identifies optimism as industry experts expect global destinations to surpass 2019 performance in Q4 2023.Find Out More
Higher prices not denting travel recovery in Europe
Services inflation in the Eurozone has remained persistent and within this the price of travel related items such as international flights and hotels have risen significantly this year.Find Out More
Luxury cruising, the new “Gold Rush”, growing at three times the rate of the overall industry
Luxury cruise capacity is set to nearly double by 2028, with Luxury Segment capacity on track to expand 87% compared to 2019 fuelled in part by new entrants.Find Out More