International tourist expenditures for passenger transport items in Saudi Arabia experienced significant fluctuations from 2013 to 2023. Starting at $988 million in 2013, expenditures grew at an irregular pace, peaking at $1,513 million in 2017. The year 2020 saw a dramatic decline by 57.96% due to the COVID-19 pandemic, dropping values to $536 million. Recovery commenced in 2021 with a notable 79.69% increase, continuing upward with a 29.45% rise in 2022 and 17.41% in 2023, achieving $1,463.8 million.
From 2024 onwards, expenditures are forecasted to grow steadily at an average annual rate of 2.59%, reaching an estimated $1,723.7 million by 2028. Over the five-year period leading to 2028, the total growth is expected to be 13.64%.
Future trends to watch for include:
- Impact of global economic conditions on tourism and travel.
- Developments in Saudi Arabia’s tourism infrastructure and policy reforms.
- Potential shifts in travel behavior post-pandemic.
- Technological advancements influencing passenger transport.
