Visa tracks enhance in tourism spend in United Arab Emirates | Information

Travellers visiting the United Arab Emirates spent 4 per cent extra final 12 months on their financial institution playing cards than in 2017, based on a brand new report from Visa.

The corporate stated this indicated a constructive uptick within the native economic system.

Guests to the vacation spot – which incorporates tourism hotspots Dubai, Abu Dhabi and Ras al Khaimah – have been wowed by points of interest together with the Palm Jumeriah, Dubai Mall, Jebel Jais zipline and Louvre.

Between January and December final 12 months, the report exhibits worldwide Visa cardholders spent Dh22.eight billion with their playing cards whereas visiting the UAE in 2018, a 4 per cent year-on-year enhance.

The entire variety of Visa card transactions by guests to the UAE additionally grew by 22 per cent when in comparison with the earlier 12 months.

“Transactions growing much faster than spend suggests the UAE’s increasing appeal as a leading global destination for both mass and niche tourism,” stated Shahebaz Khan, Visa basic supervisor within the UAE.

“The UAE dirham being pegged to the US dollar, which saw strong performance in most of 2018, made the UAE more expensive for international travellers during the period we looked at for this report,” he added.

“Despite this, the UAE remained an attractive tourist destination for international travellers.”

By way of high supply markets, guests from Saudi Arabia, the USA, United Kingdom, China, Russia, Kuwait, India, Oman, Bahrain and Australia accounted for 68 per cent of the overall tourism spend.

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