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New Report Available: Tourism Flows Inbound in Saudi Arabia

Recently published research from Euromonitor International, "Tourism Flows Inbound in Saudi Arabia", is now available at Fast Market Research

 

Boston, MA -- (SBWIRE) -- 10/16/2014 -- International arrivals to Saudi Arabia increased by 11% in 2013, to reach 18 million trips. This was significant growth compared with the review period, when the number of trips witnessed a CAGR of 2%. Saudi Arabia is heavily dependent on religious tourism, as it does not have any other tourist visa, barring family visit visas and business visas. Each year, millions of pilgrims come to the country throughout the year for this purpose. 2013 saw a surge in the number of pilgrims, as the government continued its massive expansion projects at the holy mosques in Makkah, significantly expanding the capacity. This also made Makkah the city with the most arrivals in 2013. In addition, the number of hotels continued to grow in 2013 to accommodate the growing number of pilgrims, thus resulting in the stronger performance of inbound tourism.

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Industry Prospects

The number of arrivals is expected to see a strong CAGR of 12% during the forecast period, reaching 32 million trips by 2018. Religious visits will remain the strongest contributor to this growth. The expansion plans at the holy mosques and the fast growing hotel numbers will aid growth. In addition, the construction of the Haramain high-speed rail project between Makkah and Medina, which is due to be completed by 2016, will help speed up travel between these cities, attracting more pilgrims. On the other hand, the bright prospects for the Saudi economy will increase business activities in the country, thus resulting in a growing number of business arrivals.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Tourism Flows Inbound industry in Saudi Arabia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Tourism Flows Inbound industry in Saudi Arabia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Tourism Flows Inbound in Saudi Arabia market research report includes:

- Analysis of key supply-side and demand trends
- Historic volumes and values
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

- What is the market size of Tourism Flows Inbound in Saudi Arabia?
- How successful is Saudi Arabia in attracting international visitors?
- What are the leading inbound source markets?
- What do international visitors spend their money on?

Reasons to Get this Report

- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions

Product coverage: Arrivals, Arrivals by Mode of Transport, Arrivals by Purpose of Visit.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

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