UAE's hospitality sector to employ more than 659,000 by 2026
UAE’s hospitality sector is expected to contribute more than 659,000 jobs by 2026, according to a study conducted by Knight Frank in collaboration with Oxford Economics.
The study focused on the country’s hospitality sector and the anticipated fundamental changes the market is expected to see over the next decade.
In the last 10 years to 2017, the sector’s direct contribution to the country’s overall gross domestic product (GDP) has increased by 138% with employment in the sector growing by 119% over the same period. By 2026, forecasts from Oxford Economics indicate that the direct contribution will increase by an additional 72% and as a result, related employment will grow by 16% to over 659,000.