GCC Hospitality Market: Size & Forecast with Impact Analysis of COVID-19 and Forecast up to 2028

DELHI, India - Aug. 1, 2023 - PRLog -- The hospitality industry in the Gulf Cooperation Council (GCC) region is referred to as GCC Hospitality. The Gulf Cooperation Council (GCC) is a political and economic cooperation of six Arab countries in the Arabian Peninsula. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE) are all GCC members. The GCC hospitality industry includes a diverse range of enterprises and services connected to travel, tourism, and lodging. Hotels, resorts, serviced apartments, restaurants, cafes, theme parks, tour operators, travel agencies, airlines, and other associated businesses that cater to tourists and travelers from the GCC and throughout the world are included. In 2022, the GCC hospitality market was valued at US$25.61 billion, and is probable to reach US$37.62 billion by 2028.

Scope of the Report

-- An in-depth analysis of the GCC hospitality market by value, by segment, etc.

-- The regional analysis of the GCC hospitality market, including the following regions:

Saudi Arabia
UAE
Qatar
Bahrain
Oman
Kuwait

-- The detailed analysis of Saudi Arabia, UAE, Qatar, Bahrain, Oman and Kuwait hospitality market by segments (Hotels and Serviced Apartments).

-- Provides an analysis of the COVID-19 impact on the GCC hospitality market, with post COVID impact analysis.

-- Assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall GCC hospitality market has also been forecasted for the period 2023-2028, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.

-- Evaluation of the potential role of GCC hospitality to improve the market status.

-- Identification of new technological developments, R&D activities, and collaborations occurring in the GCC hospitality market.

-- In-depth profiling of the key players, including the assessment of the business overview, market strategies, regional and business segments of the leading players in the market.

-- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

-- The in-depth analysis provides an insight into the market, underlining the growth rate and opportunities offered in the business.

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