A Guide to Tourism Business in Dubai
Dubai, in the heart of the United Arab Emirates, is regarded as one of the world’s fastest-growing cities. The area attracts millions of visitors from all over the world, making it a renowned tourist destination. Over the last few years, the Dubai Tourism Business has experienced an increase in the number of tourists. In 2018, the total number of international tourists was 15.92 million. This steadily increasing figure is fantastic news for entrepreneurs looking to start a tourism-related Company Registration in Dubai. In addition, the hospitality business benefits indirectly from the same advantages.
The Dubai government has devised a number of strategies, one of which is the 2020 Dubai Tourism Strategy, which takes into account all conceivable elements. This blog will walk you through the current tourist strategy and how to start a business in the same field.
Tourism Industry in Dubai
The United Arab Emirates implements an economic diversification strategy. The Dubai tourism business is one of the most successful in the UAE, accounting for over 10% of the country’s GDP. The business has provided several benefits and significant prospects to transform the area into a tourist and entertainment destination. When it comes to transportation connections, it has a large map that connects to every known country. Dubai has proven to be an attractive place, attracting foreign ex-pats from all walks of life, including museums, international conferences, event management, and even international sporting events. The region is currently hosting Expo 2020, which is expected to be one of the key drivers of Dubai’s economy’s 360-degree development.
Dubai Expo 2020
The Collaboration and Innovation Forum at Dubai Expo 2020. Expo 2020 Dubai has partnered with top American firms such as Accenture, Cisco, Mastercard, PepsiCo, UPS, and others to take the visitor experience to new heights in terms of partnership. According to research issued by Standard Chartered Bank, the Expo will produce around 3,00,000 employment, with the tourism and travel industry accounting for 90% of job possibilities. To see how a huge shift in the globe can occur, go here. It now gives entrepreneurs and investors a wider range of options for investing in company registration in Dubai. You’ll have a solid idea of this in the second half of the article.
Dubai Tourism Business Strategy
The UAE Department of Tourists has developed an innovative tourism strategy that is expected to attract 25 million visitors by the end of 2020, thanks to ongoing planning and strategy development. The ultimate goal is to put Dubai first place in the international tourism sector, ahead of Bangkok, London, and Paris. It will require more than half of the present amount of visits. By the end of 2020, it is expected to contribute 12.4% of GDP. Furthermore, as the job market develops to the next level, the effect can be noticed.
The Dubai Tourism Initiative 2020 was approved in 2013. It’s a strategy plan with the main goal of attracting 20 million tourists per year by 2020. The strategy aims to make Dubai the “top choice” for international leisure and business visitors.
It entails expanding Dubai’s supply of activities, attractions, facilities, services, and packages in order to appeal to a wider audience. The plan will be focused on three primary objectives:
- Preservation of market share in current source markets
- Growing market share for markets with high potential for growth
- Rising the number of trips replicated
Dubai Tourism Business Opportunities
As previously indicated, Dubai’s tourism industry has a much broader scope. It’s also possible to envision an expansion of medical tourism, which has been steadily increasing. By the end of 2020, the medical tourism business is expected to be worth $19.5 million, creating jobs for almost 40,000 healthcare workers. Dubai’s tourism industry has exploded in recent years, luring millions upon millions of visitors each year. If you want to start a Dubai tourist business, now is the time to go ahead and do so. To leverage and grow the tourism sector, Ras-Al-Khaimah has established the Tourism Development Strategy 2019-2021.
How to Start a Tourism Business in Dubai?
The establishment of a tourism sector in Dubai necessitates the acquisition of travel agency licenses. The company operations are carried out in accordance with the consent granted. The following basic information must be submitted to Dubai’s Tourism and Commerce Department.
For Inbound and Outbound Activities
- Correctly completed application form to the Department of Tourism and Commerce of Dubai.
- A transcript of the applicants’ valid international passport
- Certificate of the applicants’ professional qualifications
- Report on Technical Feasibility
- Fee for processing: 10000 Dirhams
For The Travel Agency Profession
- Fee approves insurance policies for company insurance.
- Leasing contract stating the location of the office
- Dubai Police Certificate of Clearance
- Certifications work-experience
- Request approval of the commercial name of the agency
It should be realized that beginning a business in a foreign country without proper guidance might lead to disaster. It is advisable that you speak with one of the Business Setup Consultant in Dubai who have in-depth knowledge of UAE regulations and can assist you in setting up the procedure to make the process quick and easy.
Do you want to know who to contact? Don’t be concerned. RadiantBiz is ready to assist you in realizing your corporate goals. Our business consultants have the extensive industry knowledge and are well-versed in the process of starting a firm. Please contact us to speak with one of our specialists; we would be pleased to assist you.