January 19, 2022
According to the business analysis report titled ‘Saudi Arabia Outbound Travel and Tourism Market Analysis 2013? 2018 and Forecast 2019? 2025’, available with MarketStudyReport, Saudi Arabia outbound travel and tourism market is projected to exceed a valuation of USD 35 billion by the year 2025.
The research report provides a comprehensive analysis of the historical data, as well as current business scenery to produce reliable estimates for size, growth rate, and future outlook of Saudi Arabia outbound travel and tourism market. It also mentions key opportunities and growth drivers that will aid in the said augmentation.
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Factors such as increasing per capita income, rising popularity leisure activities, declining cost of air travel, and favorable government initiates promoting tourism serve as major growth propellers for the industry.
The document also highlights current and upcoming challenges within the business sphere while also listing out multiple solutions for the same. Furthermore, it analyses future developments in the tourism industry, the spending capacity of tourists, tourism flow and major tourism destination industries.
The Saudi Arabia outbound travel and tourism market report entails insights pertaining to 17 countries including United States, Bahrain, India, United Arab Emirates, Jordon, South Korea, Singapore, Egypt, Turkey, Switzerland, United Kingdom, Maldives, Indonesia, Sri Lanka, Philippines and Australia. This country-specific survey helps in understanding the number of tourists visiting each of the countries, the purpose of their visit, and spending habits in the duration of their stay in detail.
The research report concludes that Saudi Arabia is the largest outbound travel and tourism market with its nationals being spendthrifts during their visitation abroad, and that the country is the biggest source market for other nations such as Bahrain, UAE and Jordon. By compiling such data, the document helps stakeholders make the right investment decisions that promise strong returns.