The World Council of Travel and Tourism data revealed that the tourism and travel sector in the Kingdom of Saudi Arabia is expected to contribute about $ 70 billion, (equivalent to 263.1 billion Saudi riyals). ) In the country's GDP in 2019,

According to figures released by Colliers International, the official research partner for the Arab travel market, it is expected that the number of visitors coming to the Kingdom from abroad will increase from 17.7 million in 2018 to About 23.3 million in 2023, an increase of 5.6%.

In this context, religious tourism is expected to remain the cornerstone of the sector over the next decade, as Saudi Arabia aims to attract 30 million pilgrims and pilgrims by 2030, compared to With 19 million pilgrims and pilgrims who came to the Kingdom in 2017, an increase of 11 million people.

The Saudi government, within the Kingdom's 2030 vision, has allocated $ 64 billion to invest in the culture and entertainment sector over the next decade, which strengthens the country's position as an attractive tourist destination According to the report by Savills, global real estate consultancy.

The first phase of the Red Sea project, which will contribute to the growth of the Kingdom's GDP, is expected to be approximately US $ 5.86 billion (22 billion riyals) / b> Saudi) It includes a modern airport, moorings for yachts, and a number of luxury hotels with a capacity of 3,000 hotel rooms, in addition to a number of recreational facilities by 2022.

In addition, the Public Investment Fund in the Kingdom of Saudi Arabia announced last year the development of the huge Amala project on the Red Sea coast, which focuses on luxury tourism and will contribute to adding 2,500 A hotel room upon completion of its work by 2028, which helps to attract more tourists from both inside and outside the kingdom.

This excess of supply will create pressure and great competition between hotel performance throughout the Kingdom, as well as the expected growth in visitor numbers from domestic and international markets from occupancy levels Throughout 2019.

Saudi exhibitors in the Arab travel market 2019 are looking to shed light on the great developments witnessed by the Kingdom in the tourism sector, through the major companies participating in the exhibition, including the Al-Bahar Company Red for Development, Saudi Arabian Airlines, Makarem Hotels, Alpha One Concierge and of course the General Authority for Tourism and National Heritage that will be strongly present at the exhibition.

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