Saudi Tourism Sector to Contribute Over $70 to GDP

Al Bawaba | April 11, 2019

Saudi Arabia’s travel and tourism sector is expected to contribute $70.9 billion in total to the country’s GDP in 2019, according to data from the World Travel and Tourism Council, as exhibitors prepare to showcase what the kingdom has to offer at this year’s Arabian Travel Market (ATM), which is being held at the Dubai World Trade Centre from April 28 – May 1.According to data from ATM’s research partner Colliers, international arrivals to Saudi Arabia are expected to increase 5.6 per cent per year from 17.7 million in 2018 to 23.3 million in 2023. Religious tourism is expected to remain the bedrock of the sector over the next decade, with a goal of attracting 30 million pilgrims to the kingdom by 2030, an increase of 11 million from the 19 million Hajj and Umrah pilgrims that visited the country in 2017.

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DESTINATION AND TOURISM, HOSPITALITY TRENDS

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INDUSTRY OUTLOOK, HOSPITALITY TRENDS

Optii Partners with the Association of Serviced Apartment Providers

Optii Solutions | November 25, 2022

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DESTINATION AND TOURISM, AIRLINES AND AIRPORTS

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