Middle East Travel Market Update 2020

Summary

Prior to the emergence of the COVID-19 crisis in early 2020, travel suppliers in the Middle East enjoyed a 6% increase in gross bookings in 2019, attributable in part to several highly anticipated events planned for the region. However, the coronavirus pandemic has triggered major losses in the Middle East travel and tourism sector, due to lockdowns and the cancellation of millions of bookings across all travel segments. 

This report presents a high-level overview of the Middle East travel market in 2020, including the impact of the pandemic on major players, key segment analysis, and sizing and projections through 2020.