UAE continues to attract bleisure travellers: IATA outlook

According to IATA’s outlook report, the Middle East benefits from the strength of both the region’s economies and its global hubs. The United Arab Emirates continues to benefit from its attractiveness to both leisure and business travellers.  Meanwhile, Saudi Arabia’s massive investments in infrastructure and tourism are delivering robust growth in passenger and cargo volumes. Although airlines continue to add capacity, yields remain healthy and the demand for travel remains buoyant and looks set to continue apace. Geopolitical risks are the main threat, especially to the Levant carriers. The Gulf carriers are relatively less impacted unless tensions between Iran and Israel escalate.

 

2023 Net Profit (e)

(margin)

(per passenger)

2024 Net Profit (f)

(margin)

(per passenger)

2024 Demand (RPK) 2024 Capacity (ASK)
$3.1 billion

(4.9%)

($12.70)

$3.8 billion

(5.3%)

($15.20)

+9.3% +10.8%