Rising number of tourists, changes in lifestyle, and rising popularity of alcoholic beverages are some of the leading factors expected to drive the UAE Pubs, Bars, Clubs & Lounges (PBCL) market during the forecast period.
According to TechSci Research report, “UAE Pubs, Bars, Clubs & Lounges (PBCL) Market– By Region, Competition, Forecast & Opportunities, 2028F”, The UAE Pubs, Bars, Clubs & Lounges (PBCL) Market is expected to grow at an exponential rate during the forecast period owing to the increasing tourism, rising population of expatriates with a drinking population, and growing preference for night-life and alcohol-drinking consumers.
Growing international brand investment in the UAE’s pubs, bars, clubs, and lounges (PBCL) market is a major growth factor. The PBCL market has seen a consistent transition from an unorganized to an organized business over the last few years. As a result, there is major growth in the organized industry, which is supported by recent investments made by foreign companies.
The UAE is expecting to draw more visitors and an increased average stay with new incentives, attractions, and infrastructure upgrades. Dubai’s growth and allure are being boosted by ongoing investments in its airports, hotels, and resorts, as well as in the diversification of its source markets. Over the next ten years, it is anticipated that local tourist developments, parks and resorts, and cultural attractions would draw leisure travelers.
According to the World Travel and Tourism Council (WTTC), the travel and tourism industry in the United Arab Emirates made a remarkable comeback, with the third fastest growth in the Middle East in 2022 According to the worldwide organization’s most recent “Travel and Tourism Economic Impact 2022” study, the industry recovered by 41.1% in the UAE in 2021, helped by a 48.8% gain in revenues from foreign tourists.
According to WTTC, of all global regions, the travel and tourism industry in the Middle East recovered at the slowest rate in 2021. The sector’s contribution to GDP decreased by about 50% in 2020, but it recovered by 15.9% in contrast to the global average of 21.7%. As a result, the GDP for travel and tourism was USD189 billion in 2021, which was 41.8% less than in 2019.
In addition, the industry added 390,000 jobs to employment in 2021, bringing the total to 5.6 million, or 7.3% of all occupations in the region.
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The Pubs, Bars, Clubs & Lounges (PBCL) market is segmented on the basis of ownership, chained outlets, and region. Based on ownership, the market is further divided into standalone & chained. Based on chained outlets, the market is further bifurcated into international & domestic. Based on region, the market is further segmented into Dubai, Abu Dhabi, Ajman, and Rest of UAE.
In terms of ownership, chained outlets are registering a faster growth rate as franchising businesses are popular in UAE and many international players are operating in the market.
Key market players in the UAE Pubs, Bars, Clubs & Lounges (PBCL) market include:
- BLU
- Zero Gravity
- 1-OAK
- Vault
- Biggles Pub
- Bliss Lounge
- Bla Bla
- At.Mosphere
- Nargui Five
- Soho Garden DXB
To cater to the market needs companies are establishing new pubs, bars, clubs & Lounges, and these establishments are increasing in the UAE. For instance, a new rooftop bar with views of Palm Jumeirah, Coucou opened in December 2022 on the 52nd floor of The Palm Tower. 240 meters above ground, a Mediterranean-inspired buffet is offered, along with a selection of inventive mixed cocktails and a live DJ every night.
To Souk Al Bahar, The Tap House has expanded. The new location will adhere to the brand’s successful formula and bring its laid-back industrial pub ambiance to Downtown Dubai. Later in 2023, the company will also open a third location in Dubai Hills.
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“With increased working populations, rising per capita expenditure on leisure activities, and a growing tendency of socializing in bars and lounges, the PBCL market in the United Arab Emirates is expected to expand rapidly. Furthermore, it is anticipated that in the upcoming years, the PBCL market in the nation would grow as a result of factors including improved access to such locations and new and creative marketing strategies used by service providers to draw clients,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“UAE Pubs, Bars, Clubs & Lounges (PBCL) Market, By Ownership (Standalone & Chained), By Chained Outlets (International & Domestic), By Region, By Company, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Pubs, Bars, Clubs & Lounges (PBCL) and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in Pubs, Bars, Clubs & Lounges (PBCL) market UAE.
About TechSci Research
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