Travel & Tourism in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Travel & tourism industry is segmented into passenger airlines, passenger rail, foodservice, hotels & motels, and travel intermediaries.
- The Saudi Arabian travel & tourism industry recorded revenues of $108.1 billion in 2023, representing a compound annual growth rate (CAGR) of 8.3% between 2018 and 2023.
- The hotels & motels segment accounted for the industry's largest proportion in 2023, with total revenues of $54.9 billion, equivalent to 50.8% of the industry's overall value.
- Increasing capital investment in the travel & tourism industry is a key driver of growth, particularly in sectors such as airlines, railways, foodservice, and accommodation. Investors are channelling more funds into expanding travel infrastructure to meet rising demand. According to the World Bank, the capital investment in travel and tourism in Saudi Arabia reached $41.4 billion in 2023, reflecting a 9.4% increase from 2022.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Saudi Arabia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Saudi Arabia
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Saudi Arabia travel & tourism market with five year forecasts
Reasons to Buy
- What was the size of the Saudi Arabia travel & tourism market by value in 2023?
- What will be the size of the Saudi Arabia travel & tourism market in 2028?
- What factors are affecting the strength of competition in the Saudi Arabia travel & tourism market?
- How has the market performed over the last five years?
- What are the main segments that make up Saudi Arabia's travel & tourism market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Seera Group Holdings Co
- Saudi Arabian Airlines UAE
- Accor SA
- McDonald's Corp
