Travel & Tourism is forecast to continue growing at pace in 2024, with GDP contribution set to reach SAR 498BN, while jobs will increase by more than 158,000 jobs to reach nearly 2.7MN. International visitor spending is projected to almost double reaching SAR 256BN.
Saudi Arabia’s Travel & Tourism sector is now soaring past all previous records, testament to the country’s commitment to becoming a global tourism hot spot, a report stated.
The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) revealed a record-breaking year for travel and tourism in Saudi Arabia, with new records in GDP contribution, sector jobs and visitor spend.
Last year, the sector grew by more than 32% to contribute a…