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Saudi Arabia, Travel and Tourism Market Outlook to 2020 – Market Share, Size, Demand, objective, Trends, Analysis, Forecast And Competition

Thursday, September 22, 2016 3:10
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(Before It's News)

Saudi Arabia’s inbound tourism declined slightly in 2015 and this is largely attributed to the decrease in Hajj pilgrims as the country reduced the quota due to the expansion of mosque Masjid-e-Haram. Hajj pilgrims from outside Saudi Arabia declined marginally by -0.3%. However, as 2015 was the last year for the cut in pilgrim quotas as construction is now complete, international arrivals are expected to increase significantly over the coming years. According to Saudi Hajj Ministry, the number of Hajj pilgrims (including domestic and international) are expected to increase from 1.9 million in 2015 to five million in 2016 and then to 20 million by 2020.

Key Findings
- To reduce its economic dependence on oil, Saudi Arabia aims to focus on other industries such as tourism. It plans to issue visas to tourists to showcase its rich heritage. 
- Prince Sultan bin Salman announced on April 26, 2016 said: “the country will not be totally open for everybody to just show up and come in. It is open for people that are doing business, for people working in Saudi Arabia, investing in Saudi Arabia, and people who are visiting for special purposes. And now it will be open for tourism again on a selected basis”. No specific date has been set for the implementation of this proposal to issue visas to leisure and business tourists
- Abraj Kudai hotel, the largest in the world with 10,000 rooms, is being constructed in Mecca and is expected to be completed in 2017. The US$3.5 billion project consists of 12 separate towers of which two will provide five-star amenities and the remaining 10 towers will offer four-star accommodation

Receive copy of sample report at : https://marketreportscenter.com/request-sample/399716

Synopsis
Canadean’s report – Travel and Tourism in Saudi Arabia to 2020 – provides detailed information on the country’s tourism sector, analyzing market data and providing insights. This report provides a better understanding of tourism flows, expenditure, and the airline, hotel, car rental, and travel intermediaries industries. What else does this report offer?
- Historic and forecast tourist volumes covering the entire Saudi Arabia Travel and Tourism sector 
- Detailed analysis of tourist spending patterns for various categories, such as accommodation, sightseeing entertainment, foodservice, transportation, retail, travel intermediaries, and others 
- Analysis of trips by purpose and mode of transport, and expenditure across various categories including domestic, inbound, and outbound tourism, with analysis using similar metrics
- Analysis of the airline, hotel, car rental, and travel intermediaries industries by customer type – leisure and business travelers

Browse full report with TOC at : https://marketreportscenter.com/reports/399716/travel-and-tourism-in-saudi-arabia-to-2020

Reasons To Buy
- Make strategic business decisions using historic and forecast market data related to Saudi Arabia’s Travel and Tourism sector
- Understand the demand-side dynamics within the industry to identify key market trends and growth opportunities
- Direct the promotional efforts on most promising markets by identifying the key source and destination

Receive Discount at : https://marketreportscenter.com/request-discount/399716

Media contacts:
Sam Collins
Market Reports Center
Call : 1-646-883-3044 (US)
Email : info@marketreportscenter.com
visit our website : https://marketreportscenter.com

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