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UAE residents contribute heavily to experience economy, says survey

UAE residents contribute heavily to experience economy, says survey
1 Dec 2023 09:40

Abu Dhabi (Aletihad) - Ask any returning visitor to the UAE and he is surely to observe that there is a fresher, new attraction to see or experience on each visit. This holds true for the UAE residents, too, and they look forward to seeking out new and memorable experiences, according to a YouGov survey on behalf of Shamal Holding titled “The UAE Experience Survey 2023”.

The summary finding of those surveyed said 75% of them are more willing than ever to seek, spend and prioritise experiences. The majority are thus actively contributing to the nation’s experience economy. The research sheds light on the habits, choices and priorities of UAE residents when it comes to experiences with some key themes and insight emerging.

Aligning with global habits in a post-COVID era and millennials increasingly prioritising experiencing over material things, the UAE Experience Survey found that across all age groups and backgrounds UAE residents are actively seeking out experiences.

Two-thirds (75%) stated they are more willing to seek, spend and prioritise experiences than ever before, with the vast majority (87%) also stating that the UAE offers a wide range of experience options. Another highlight of the research reveals that memorability is a key factor when defining what an experience is.

Over half (56%) define an experience as something memorable, followed by something new and something never done before (43%). Of the experiences which UAE residents value highly, many are easily accessible with a trip to the beach (53%) and spending time in nature (44%) the most popular experiences for a weekend.

The survey also found that staycations were popular for a long weekend, with over half of residents preferring to stay in the UAE rather than travelling overseas. A dedicated experience budget habit also emerges with 80% of residents saying they are specifically allocating an experience budget once they have covered their basic monthly needs. Whether this budget is spent on entertainment (62%), dining and hospitality (56%) or travel and vacationing (52%), residents’ experience budgets are actively contributing to the UAE’s overall experience economy.

The UAE has become a destination where both locals and tourists are constantly seeking new and familiar experiences that inform, inspire and excite.

While some look to friends and family (62%), some from word of mouth (39%), social media remains the top source (67%) to seek information and inspiration of what their next experience in the UAE may be.

The Experience Survey reveals that when it comes to discovering, planning and spending on experiences, more thought and consideration is taken into account about what is available. With the wealth of experiences the UAE has to offer, from adrenaline fuelled adventures to intimate fine dining moments, budget (34%), location (19%) and positive recollections (14%) rank as the factors UAE residents take most into consideration.

A yacht trip (52%), skydiving (44%) and hot air ballooning or helicopter rides (44%) ranked as the top three bucket list experiences for UAE residents. Abdulla Binhabtoor, Chief Portfolio Management Officer, Shamal Holding, said: “As social creatures, humans are programmed to look for meaningful interactions and relationships with other humans. The survey shows that memorable interactions associated with positive emotional benefits that go beyond a functional benefit are increasingly important for residents in the UAE.

"Creating something that is memorable is about making guests feel special and above all providing a human touch through extraordinary service and facilities as consumers look for a deeper and meaningful connections.”

The company group operates some of UAE’s most unique and famous leisure and entertainment destination, and continues to invest in the extraordinary across assets such as Kite Beach, Dubai Harbour, Five Guys, Skydive Dubai, XPark, XDubai, and Jumeirah Zabeel Saray.

Source: Aletihad - Abu Dhabi
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