Mar 18, 2025
The tourism and hospitality sectors in Saudi Arabia continue to flourish, as international arrivals are projected to reach 30 million by 2024. According to Gulf Business, this significant increase from 27.4 million in 2023 highlights a strong upward trend. In line with its Vision 2030, Saudi Arabia is investing $110 billion to add 362,000 new hotel rooms by 2030. This move underlines the kingdom’s dedication to evolving into a global travel and tourism behemoth.
Oussama El Kadiri, from Knight Frank, accentuates that the tourism sector witnessed a record-breaking SAR444.3 billion GDP contribution in 2023, forming 11.5% of the national economy. This…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
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