The Ministry of Tourism of Saudi Arabia has reported that the number of licenses for tourism hospitality establishments increased from 2,000 in the third quarter (Q3) of last year to 3,950 by the end of Q3 2024, or a 99% year on year increase.
In turn, this has led to an even more substantial increase in the number of hospitality rooms available in the country, growing by 107% year on year, from around 214,000 to over 443,000 by the end of 2024’s third quarter.
The sustained growth of the Saudi tourism industry is also shown in visitor spending, which increased by 8.2% in the first half of 2024 compared to the same period in 2023. Reaching around SAR 92.6 billion (€23.2 billion), the country has also recorded a surplus in the…
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