Saudi Arabia Tourism Report - Business Monitor International - Industry Reports

Saudi Arabia Tourism Report

Saudi Arabia Tourism Report - Business Monitor International - Industry Reports
Saudi Arabia Tourism Report
Published Aug 20, 2016
34 pages — Published Aug 20, 2016
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Abstract:

Religious tourism is the backbone of the Saudi tourism industry, accounting for the vast majority of inbound travel while business travel makes up a small component. There has been very little development of non- religious tourism and barriers to entry for foreign visitors are extensive. The Saudi government does, however, hold significant ambitions for the country s tourism industry over the long term and is taking steps to open the market and encourage growth. Job opportunities in tourism and tourism-related sectors are expected to reach -.-mn by ----, according to a report by the Saudi Commission for Tourism & National Heritage, which stated that employment growth in the tourism sector is forecast at -- in ---------, compared with a global growth rate of -.- during that same period (and ahead of our current forecasts). This highlights the rapid expansion of the tourism sector to date, and the emphasis which the government is placing on future economic diversification away from oil revenues. ...This highlights the rapid expansion of the tourism sector to date, and the emphasis which the government is placing on future economic diversification away from oil revenues. However, we would emphasise that there are a number of regional rivals with regard to the tourism industry in the Middle East, many of which have already established themselves more firmly as accessible tourism destinations, and this could undermine Saudi Arabia s aspirations to become the main

...Saudi Arabia has seen steady increases in inbound travel in recent years, recovering well from a sharp decline in ---- following regional unrest in the wake of the Arab Spring. The inbound-arrivals market is dominated by visitors on pilgrimage to major religious sites, with over -mn visitors to Makkah alone each year. ...As well as developments in the hotel sector, physical transport infrastructure is also attracting major investment as the government seeks to avoid a repeat of the September ---- stampede. The number of visitors on pilgrimage, leisure and business purposes continues to expand and we expect further growth in ---- when the inbound- arrivals market is expected to grow by -.- to reach around --.-mn - a considerable market in a highly competitive region where countries like Egypt and the United Arab Emirates have well-established tourism markets. Religious pilgrimage will remain the main focus of the inbound market as Saudi Arabia continues to restrict entry for non-Muslim visitors. ...Religious pilgrimage will remain the main focus of the inbound market as Saudi Arabia continues to restrict entry for non-Muslim visitors. Annual pilgrimage numbers are expected to rise and government investment

...� Business Monitor International Ltd Page -- in safety and improved infrastructure will prove vital in light of the large loss of life during ---- s pilgrimage. Furthermore we believe that various factors will boost traditional tourism arrivals including improving awareness of Saudi Arabia s attractions in key Western markets and improving accessibility via ambitious airport expansion plans. ...

  
Source:
Document ID
2041-7276
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Saudi Arabia Tourism Report" Aug 20, 2016. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Saudi-Arabia-Tourism-Report-2026-1469>
  
APA:
Business Monitor International - Industry Reports. (2016). Saudi Arabia Tourism Report Aug 20, 2016. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Saudi-Arabia-Tourism-Report-2026-1469>
  
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