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Saudi Arabia - Travel & Tourism: Growing market and government’s promotional efforts will drive growth (Strategy, Performance and Risk Analysis)

Saudi Arabia - Travel & Tourism: Growing market and government’s promotional efforts will drive growth (Strategy, Performance and Risk Analysis)

  • November 2017
  • 86 pages
  • ID: 5300508
In this report:
Globally, total tourism expenditure increased at ##.##% CAGR from US$##,##.## billion in 2012 to US$##,##.## billion in 2016 and is expected to increase further at ##.##% CAGR from US$##,##.## billion in 2017 to reach US$##,##.## billion in 2021.
Globally, revenue from hotel establishments increased by ##.##% CAGR from US$##.## billion in 2012 to reach US$##.## billion in 2016 and is expected to increase at ##.##% CAGR from ##.## billion in 2017 to reach US$##,##.## billion in 2021.

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Saudi Arabia (SA) - Travel & Tourism: Growing market and government's promotional efforts will drive increase (Strategy, Performance and Risk Analysis)

Brief

The tourism industry in Saudi Arabia (SA) witnessed strong growth during 2016. Inbound tourism increased due to an increase in the religious visitors, despite the expansion projects in the Holy Mosque of Makkah. Additionally, domestic tourism witnessed a substantial increase from the variety of programs organized by the Saudi Commission for Tourism and National Heritage.

In the Passenger Airlines segment, number of seats available and sold increased at 7.20 percent and 7.90 percent Compound annual growth rate respectively over 2012-16. The growth is attributed to the increase in air travel demand. Additionally, the passenger revenue increased at 6.10 percent Compound annual growth rate over 2012-16 primarily due to the increase in inbound and domestic tourism.

MarketLine Premium's industry reports offer a exhaustive market view including sections on: risk and reward, main industry trends and drivers, industry SWOT analysis, industry benchmarking to compare top performance indicators with regional and overall markets, ambitious landscape, industry innovation, deals and main developments.

Key Findings

Global passenger airlines revenue to increase

In Saudi Arabia (SA), the global passenger revenue increased at 6.10 percent Compound annual growth rate from $17.20B in 2012 to $21.60B in 2016. The rise was primarily due to an increase in the volume of tourists and growing business opportunities in the area. The revenue is farther forecast to increase at 10.10 percent Compound annual growth rate from $23.90B in 2017 to $35.10B in 2021. The launch of additional carriers including Al Maha and SaudiGulf Airlines, and also an increase in tourist volumes, will contribute significantly to the growth of the country's aviation industry.

Growing religious, business travel and use of internet and e-commerce to drive travel intermediaries revenue growth

The global revenue from travel intermediaries increased at 7.20 percent Compound annual growth rate from $6732.10M in 2012 to $8886.00M in 2016. This revenue is further anticipated to increase at 6.10 percent Compound annual growth rate from US$ 9,818.1 million in 2017 to $11741.00M by 2021. This growth will be driven by an increase in religious and business travel, rising the usage of internet and e-commerce.

Luxury and upscale hotels to drive global revenue

Saudi Arabian global hotel market revenue increased at 16.30 percent Compound annual growth rate from $2934.00M in 2012 to $5364.90M in 2016. Revenue is farther forecast to increase at 12.30 percent Compound annual growth rate from $6064.90M in 2017 to $9662.10M in 2021. In 2016, the luxury hotel category recorded for 53.60 percent share of global revenue succeeded by the upscale hotel with 26.40 percent, midscale hotels with 11.80 percent and budget hotels with 8.20 percent.

Overview

- Risk & Reward Index - The Risk & Reward index studies the position of the Saudi Arabian travel and tourism industry vis-à-vis other countries in the territory relating to specific risk and reward parameters.

- Industry Snapshot and Industry View - Key travel and tourism industry statistics containing global revenue and expenditure for top industry segments and the trends driving market performance in the Saudi Arabian travel and toursim industry.

- Industry SWOT Analysis - Discover the Strengths, Weaknesses, Possibilities and Threats impacting market performance and investment in the Saudi Arabian travel and toursim industry.

- Industry Benchmarking - Benchmark how the Saudi Arabian travel and toursim industry is performing compared to regional and overall markets relating to car rental fleet size, car rental revenue, number of hotels, hotel revenue, passenger airline revenue, seats available and seats sold, revenue of travel intermediaries and tourism expenditure growth.

- Competitive Landscape - Overview of adequate players in the Saudi Arabian travel and tourism industry including airlines, hotels and car rental companies, with each player in the effective category compared with its peers relating to efficient industry indicators.

Purposes to acquire this study

- How is the sector performing relating to indicators including global tourist visits, passenger airline seats sold, seats sold by purpose of visit including leisure, revenue, room nights available, room nights occupied, hotel revenue, car rental days among others.

- How risky is it to invest in the Saudi Arabian travel and tourism market compared to other countries in Middle East (ME) & African continent?

- What is driving the performance of main industry segments including passenger airlines, accommodation and car rentals?

- Who are the leading players in the Saudi Arabian travel and tourism market and their overview and product portfolio?

- What trends are being witnessed within the Saudi Arabian travel and tourism market?

- What are the Saudi Arabian travel and tourism industry's Strengths and Weaknesses and what Alternatives and Segment risks does it face?

- What are the new developments and innovations in the Saudi Arabian travel and tourism market?

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