UAE: Average spend per person on holiday expected to rise by 15-20 per cent in 2023

UAE: Average spend per person on holiday expected to rise by 15-20 per cent in 2023

The average annual business travel spend of small and medium-sized enterprises in the country is also expected to grow by the same percentage next year

Published: Mon 26 Dec 2022, 3:29 PM

The average spend per person on a holiday is expected to rise by 15-20 per cent from Dh2,500 in 2022 to Dh3,000 in 2023 – mainly due to increased airfares.

This was revealed by one of the UAE’s leading online travel agencies, Musafir.com, which also states that the “International Travel” segment will enjoy a faster growth path in 2023 as compared to the previous year.

The average annual business travel spend of SMEs in the UAE is also expected to grow by 15-20 per cent in 2023.

The GCC, India, UK, EU countries, and the USA will continue to remain the key inbound and outbound destinations for business travellers in the region.

Sachin Gadoya, co-founder and CEO of Musafir.com and Musafir Business, says, “The travel sector constitutes nearly 10 per cent of global GDP and authorities across countries have been collaborating synergistically to put in place the levels of safety, hygiene, and comfort required for the sector to regain its lost ground.”

Gadoya adds, “Consequently, FY 2022 witnessed a steady recovery for leisure as well