{"id":3769,"date":"2022-07-05T03:12:02","date_gmt":"2022-07-05T03:12:02","guid":{"rendered":"https:\/\/travelcommunication.net\/?p=30419"},"modified":"2022-07-05T03:12:02","modified_gmt":"2022-07-05T03:12:02","slug":"saudi-arabia-tourism-with-fastest-growth-in-middle-east-over-next-decade","status":"publish","type":"post","link":"https:\/\/www.top25golfcourses.com\/indonesia\/global-travel-news\/saudi-arabia-tourism-with-fastest-growth-in-middle-east-over-next-decade\/","title":{"rendered":"Saudi Arabia Tourism with Fastest Growth in Middle East over Next Decade"},"content":{"rendered":"

\"Saudi<\/a>Riyadh, Saudi Arabia, July 4, 2022 \/ TRAVELINDEX \/ The World Travel and Tourism Council has revealed the Travel & Tourism sector in Saudi Arabia is expected to grow at an average of 11% annually over the next decade, making it the fastest growing Travel & Tourism in the Middle East.<\/p>\n

\u2022 Discover Saudi Arabia with the comprehensive travel guide on Saudi Arabia, visit TourismSaudiArabia.com<\/a><\/p>\n

According to the forecast from WTTC\u2019s latest Economic Impact Report (EIR), this annual growth, more than six times the 1.8% growth rate of the country\u2019s overall economy, will bolster the economic recovery of the Kingdom.<\/p>\n

By 2032, the Travel & Tourism sector\u2019s contribution to GDP could reach nearly SAR 635 billion, representing 17.1% of the total economy.<\/p>\n

The forecast also reveals Travel & Tourism employment could double over the next 10 years, creating more than 1.4 million jobs, to reach almost three million employed within the sector by 2032.<\/p>\n

The projections for both employment and the sector\u2019s contribution to the Kingdom’s economy, surpass the ambitious goals set out by the government\u2019s Vision 2030 strategic framework.<\/p>\n

By 2023, following two years of heartache, Saudi Arabia\u2019s Travel & Tourism sector’s contribution to the national economy could surpass pre-pandemic levels, when it is projected to rise 2% above 2019 levels, to reach nearly SAR 297 billion.<\/p>\n

Employment in the sector could also exceed 2019 levels by 14.1%, creating more than 223,000 additional jobs, representing nearly more than 1.8 million by the end of next year.<\/p>\n

By the end of this year, the sector\u2019s contribution to GDP is expected to grow 15.2% to nearly SAR 223 billion, amounting to 7.2% of the total economic GDP, while employment in the sector is set to grow by 16.1% to reach more than 1.5 million jobs.<\/p>\n

According to the global tourism body, the Kingdom, due to host WTTC\u2019s 22nd Global Summit in Riyadh from 28 November to 1 December this year, is witnessing a faster than average recovery following the government\u2019s total commitment to the Travel & Tourism sector, ensuring it remained at the forefront of the global agenda.<\/p>\n

Julia Simpson, WTTC President & CEO, said: \u201cThroughout these difficult times for our sector, the Saudi Arabia government has recognised the importance of Travel & Tourism and has led the world in its recovery. Through his leadership, Travel & Tourism will become a driving force of the Saudi Arabian economy and will surpass the goals set out in its Vision 2030 blueprint.<\/p>\n

\u201cI would like to commend Ahmed Al Khateeb, who has shown strong leadership during this crisis which has boosted the sector\u2019s growth with unprecedented investments and new approaches to tourism.<\/p>\n

\u201cI am delighted the Kingdom is hosting our 22nd Global Summit, where we will be able to continue our efforts of showcasing the importance of the Travel & Tourism sector and look ahead to the future of travel.\u201d<\/p>\n

Before the pandemic, Saudi Arabia\u2019s Travel & Tourism total contribution to GDP was 9.7% (SAR 291.6 billion) in 2019, falling to just 6.6% (SAR 190.6 billion) in 2020, representing a staggering 34.6% loss.<\/p>\n

\u2022 Discover Saudi Arabia with the comprehensive travel guide on Saudi Arabia, visit TourismSaudiArabia.com<\/a><\/p>\n

The sector also supported nearly 1.6 million jobs, before an almost complete halt to international travel which resulted in a loss of 350,000 (22.2%), to reach just over 1.2 million in 2020.<\/p>\n

First published at TravelCommunication.net – Global Travel News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Riyadh, Saudi Arabia, July 4, 2022 \/ TRAVELINDEX \/ The World Travel and Tourism Council has revealed the Travel & Tourism sector in Saudi Arabia is expected to grow at an average of 11% annually over the next decade, making it the fastest growing Travel & Tourism in the Middle East. \u2022 Discover Saudi Arabia …<\/p>\n","protected":false},"author":2,"featured_media":3770,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[105],"tags":[106,116,622,110,673,117,1824,121,118,119,111,205,120],"class_list":["post-3769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-travel-news","tag-featured","tag-global-travel-news","tag-middle-east","tag-news","tag-saudi-arabia","tag-tourism-updates","tag-travel-and-tourism","tag-travel-news-hub","tag-travelindex","tag-unwto-news","tag-updates","tag-wttc","tag-wttc-news"],"_links":{"self":[{"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/posts\/3769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/comments?post=3769"}],"version-history":[{"count":0,"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/posts\/3769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/media\/3770"}],"wp:attachment":[{"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/media?parent=3769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/categories?post=3769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/tags?post=3769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}