Travel and tourism was expected to have a contribution of about *** percent of the GDP of Saudi Arabia in 2022. It was forecasted that the contribution of tourism to the Saudi economy would continue to grow to reach about *** billion Saudi riyal by 2032.

The tourism sector GDP share in Saudi Arabia was forecast to continuously increase between 2023 and 2028 by in total 1.9 percentage points. The share is estimated to amount to 9.4 percent in 2028. While the share was forecast to increase significant in the next years, the increase will slow down in the future.Depited is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand.The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the tourism sector GDP share in countries like Lebanon and Jordan.

Tourism Revenues in Saudi Arabia increased to 153.61 SAR Billion in 2024 from 135 SAR Billion in 2023. This dataset provides - Saudi Arabia Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic described the direct tourism contribution of Mecca to the gross domestic product of Saudi Arabia from 2006 to 2016 and a forecast for 2026. The forecast of the direct tourism contribution of Mecca to the GDP of Saudi Arabia for 2026 was approximately 6.6 billion U.S. dollars.

In the first quarter of 2025, the total number of food and beverage employees in tourism establishments in Saudi Arabia was about 645 thousand employees. Around 90 percent of these employees were males. Meanwhile, the Saudi tourism industry had approximately 134 thousand employees in areas related to tourist accommodation.

This statistic described the direct tourism contribution to the gross domestic product of Saudi Arabia from 2011 to 2016, an estimate for 2017 and forecast for 2027. According to forecasts, the direct tourism contribution to the GDP of Saudi Arabia will be 171.6 billion Saudi Riyal by 2027.

This statistic describes the economic contribution of capital investment in tourism to Saudi Arabia from 2012 to 2017, with an estimate for 2018 and a forecast for 2028. According to forecasts, the contribution of capital investment in tourism to the GDP of Saudi Arabia will be 244.4 billion Saudi Riyal by 2028.

According to the data provided by the World Tourism Organization (UNWTO), in 2021, the tourism balance in Saudi Arabia was minus *** percent following the COVID-19 outbreak. This was a decrease compared to minus *** percent in the previous year. Saudi Arabia’s economic diversification    In 2016, Saudi Arabia introduced a new initiative, Vision 2030. The main goal of Vision 2030 was to diversify Saudi Arabia's exports and revenue opportunities beyond the oil and gas industry to include segments such as transportation and entertainment. Economic diversification in Saudi Arabia has proven necessary since oil prices plunged because of the ongoing pandemic. The pandemic's impact on travel reduced Saudi Arabia's oil shipments to China, a prominent Saudi oil importer, as well as the rest of the world. The country's real GDP growth plummeted to around negative **** percent in 2020, which demonstrated the dependence of Saudi Arabia's economy on oil and gas exports.  Tourism initiatives The purpose of reforming Saudi Arabia's economy is not just to diversify it but also to create growth prospects for Saudi citizens. For example, there were more than ************** workers in the tourism sector in 2019. Shifting economic reliance from the public to the private sector could generate employment opportunities tailored to people’s skills. The government's plans for economic diversification include attracting foreign investment, increasing the number of small and medium-sized firms, and generating employment opportunities via mega-project development. Mega construction projects in Saudi Arabia include NEOM, with a value of approximately *************** U.S. dollars and an expected completion date of 2025. With smart city technology being incorporated into the city, NEOM is planned to function as a major tourist destination in Saudi Arabia.

The Kingdom of Saudi Arabia's hospitality industry, valued at $13.23 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 5.03% from 2025 to 2033. This expansion is fueled by several key drivers. Significant government investments in infrastructure development, including mega-projects like NEOM and Red Sea Project, are attracting substantial tourism and business travel. The diversification of the Saudi Arabian economy away from oil dependence, coupled with increased focus on leisure and entertainment, is creating a surge in demand for diverse hospitality offerings, from budget-friendly accommodations to luxury resorts. Furthermore, the easing of visa regulations and promotional campaigns targeting international tourists are contributing to the sector's growth. The industry is segmented by type (chain vs. independent hotels) and by service level (service apartments, budget/economy, mid-scale, luxury). While the luxury segment commands a premium, the budget and mid-scale segments are witnessing rapid growth driven by increasing domestic tourism and the rising middle class. Competition is intense, with both international chains (InterContinental Hotels Group, Accor S.A., Marriott International Inc., Hilton Hotels & Resorts) and prominent local players (Al Hokair Group, Dur Hospitality Company, Al Tayer Group) vying for market share. Challenges include maintaining service quality amidst rapid expansion and addressing potential workforce shortages. Future growth will likely be influenced by the success of ongoing tourism initiatives and the overall economic performance of the Kingdom. The projected growth trajectory for the Saudi Arabian hospitality sector is optimistic, driven by Vision 2030's strategic initiatives to boost tourism and diversify the economy. However, the sector needs to strategically address potential headwinds, including maintaining price competitiveness, managing supply chain challenges, and adapting to evolving consumer preferences. A successful approach will require ongoing investment in technology, skilled workforce development, and sustainable tourism practices. The continued influx of international hotel brands and the emergence of innovative local players ensures a dynamic and competitive market landscape, driving further innovation and enhancing the overall tourist experience. The long-term outlook suggests continued expansion, with the potential for significant growth in niche segments like eco-tourism and wellness retreats, catering to a growing demand for unique and sustainable travel experiences. Recent developments include: May 2023: Marriott International launched its 31st brand, City Express by Marriott, following its acquisition of the City Express brand portfolio from Hoteles City Express., April 2023: Saudi-based Taiba Investments Company acquired a 100% stake in Dur Hospitality Company in exchange for issuing new shares in Taiba. It includes following the deal inked by the duo in December 2022 on a possible securities exchange deal, including a non-binding agreement on structuring and share swap coefficient.. Key drivers for this market are: Increase in the Number of Restaurants and Bars in the Industry, Increase in the Number of Tourist Attractions and Activities. Potential restraints include: Increase in the Number of Restaurants and Bars in the Industry, Increase in the Number of Tourist Attractions and Activities. Notable trends are: An Increase in the Number of Hotels and Suggested Projects.

This statistic describes the induced economic contribution of tourism to the gross domestic product (GDP) of Saudi Arabia from 2012 to 2017, with an estimate for 2018 and a forecast for 2027. According to forecasts, the induced contribution of tourism to the GDP of Saudi Arabia will be 109.4 billion Saudi Riyal in 2027.

This statistic describes the indirect economic contribution of domestic supply chain for tourism to Saudi Arabia from 2012 to 2017, with an estimate for 2018 and a forecast for 2028. According to forecasts, the contribution of domestic supply chain for tourism to the GDP of Saudi Arabia will be around 42.7 billion Saudi Riyal by 2028.

Hospitality in Saudi Arabia Market size was valued at USD 12.4 Billion in 2024 and is expected to reach USD 19.3 Billion by 2032, growing at a CAGR of 5.6% from 2026 to 2032.

Hospitality in Saudi Arabia Market: Definition/ Overview

Saudi Arabia hospitality services include hotels, resorts, restaurants, and event management. It helps millions of religious pilgrims visit Mecca and Medina each year. The sector also attracts business and leisure tourists, which benefits the economy. Luxury buildings and entertainment hubs are proliferating across the country. Vision 2030 is to make Saudi Arabia a leading global tourist destination. Cultural attractions and large-scale events help to foster hotel expansion. The sector evolves with new infrastructure and world-class services.

The Hospitality in Saudi Arabia Market is optimistic, with significant investments. Millions of people visit mega projects such as NEOM, the Red Sea Project, and Diriyah Gate.

According to the data provided by the World Tourism Organization (UNWTO), in 2021, tourism openness in Saudi Arabia amounted to *** percent as share of the country's gross domestic product. This was an increase compared to *** percent in the previous year.

Saudi Arabia Car Rental And Leasing Market size was valued at USD 2.4 Billion in 2024 and is expected to reach USD 4.2 Billion by 2032, growing at a CAGR of 7.2% from 2026 to 2032.

Saudi Arabia Car Rental And Leasing Market Dynamics

The key market dynamics that are shaping the Saudi Arabia Car Rental And Leasing Market include:

Key Market Drivers

Tourism Growth: Tourism growth drive the Saudi Arabia Car Rental And Leasing Market, supported by Vision 2030 efforts. International tourist visits increased by 94% in 2022 to 16.6 million, increasing demand for rental automobiles. Religious and recreational tourists rely on rentals for easy transportation, which helps to grow the industry. Tourism contributed 4.5% of Saudi Arabia's GDP in 2023, indicating its economic importance.

Growing Cost of Vehicle Ownership: The growing cost of vehicle ownership raises the Saudi Arabia Car Rental And Leasing Market, as more people and organizations seek cost-effective mobility alternatives.

The Saudi Arabian car rental and leasing market is poised for substantial expansion, exhibiting a robust Compound Annual Growth Rate (CAGR) of 9.21%. With a current market size estimated at USD 2.30 billion, the sector is projected to experience dynamic growth throughout the forecast period of 2025-2033. This upward trajectory is underpinned by several key drivers, including the increasing influx of tourists, a burgeoning expatriate population, and the growing preference for flexible mobility solutions over outright vehicle ownership. The economic diversification efforts in Saudi Arabia, notably Vision 2030, are also playing a crucial role by fostering business travel and event tourism, thereby augmenting demand for rental services. Furthermore, the market is witnessing a significant shift towards digital platforms, with online booking increasingly preferred for its convenience and transparency. This digital transformation, coupled with the expansion of fleet sizes and service offerings by established players and emerging disruptors, is shaping a competitive yet highly promising market landscape. The market segmentation reveals a diverse range of opportunities, spanning short-term and long-term leasing options, catering to both economy/budget-conscious consumers and premium/luxury segments. The varied body types available, from hatchbacks to SUVs, ensure that a wide spectrum of customer needs are met. Key players such as National Car Rental, Turo, Zipcar, Hertz Corporation, and Avis Budget Group Inc. are actively investing in enhancing their service portfolios and technological infrastructure to capture market share. Emerging trends like the adoption of electric vehicles (EVs) in rental fleets and the increasing popularity of ride-sharing integration within leasing models are indicative of the market's evolving nature. While the market benefits from strong demand drivers, potential restraints such as fluctuating fuel prices and evolving regulatory frameworks require strategic navigation by industry participants. Nonetheless, the overall outlook for the Saudi Arabian car rental and leasing market remains exceptionally positive, driven by economic development, changing consumer preferences, and technological advancements. Key drivers for this market are: Growth in the Logistics and E-commerce Industries and Establishment of New Corporate Offices Driving the Market. Potential restraints include: Impact of Inflation on Costs and Consumer Spending is a Key Challenge. Notable trends are: Increasing Demand for Sports Utility Vehicles to Drive the Market.

This statistic describes the economic contribution of government collective spending in tourism to Saudi Arabia from 2012 to 2017, with an estimate for 2018 and a forecast for 2028. According to forecasts, the contribution of government collective spending in tourism to the GDP of Saudi Arabia will be 10.3 billion Saudi Riyal by 2028.

This statistic describes the economic contribution of domestic tourism expenditure in Saudi Arabia from 2012 to 2017, with an estimate for 2018 and a forecast for 2028. According to forecasts, the contribution of domestic tourism expenditure to the GDP of Saudi Arabia will be around 132.3 billion Saudi Riyal by 2028.

Saudi Arabia SA: Exports: % of Commercial Service Exports: Services: Travel data was reported at 66.975 % in 2016. This records a decrease from the previous number of 73.364 % for 2015. Saudi Arabia SA: Exports: % of Commercial Service Exports: Services: Travel data is updated yearly, averaging 66.415 % from Dec 1971 (Median) to 2016, with 23 observations. The data reached an all-time high of 76.097 % in 2011 and a record low of 22.745 % in 1981. Saudi Arabia SA: Exports: % of Commercial Service Exports: Services: Travel data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Saudi Arabia – Table SA.World Bank.WDI: Exports. Travel services (% of commercial service exports) covers goods and services acquired from an economy by travelers in that economy for their own use during visits of less than one year for business or personal purposes. Travel services include the goods and services consumed by travelers, such as lodging and meals and transport (within the economy visited).; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted average;

In 2024, around ** percent of inbound tourists who went to Saudi Arabia traveled mainly for religious purposes. In comparison, almost ***** percent of inbound visitors to the Kingdom had business matters as the main reason for their trip. Tourism and economic diversification Among the economic diversification efforts in Saudi Arabia, which aim to reduce oil dependency, have been initiatives to boost tourism. While the share of GDP attributed to oil and gas production is still high, the travel and tourism contribution to GDP was forecast to grow, reaching a GDP contribution of around ** percent by 2032. Saudi Arabia was the country with the highest number of international tourist arrivals in the Middle East in 2022, attracting over ** million tourists. Efforts to make the Kingdom a global tourism hub and appeal to a wider range of interests include ease of travel by introducing e-visas, developing projects like the Red Sea, and hosting cultural events like Riyadh Season. Future of hospitality in Saudi Arabia To achieve the necessary economic and hospitality prestige to attract and welcome the aimed 100 million tourists by 2030, Saudi Arabia has unfolded a series of megaprojects and hospitality industry infrastructure plans. The breakdown of hotel rooms in the pipeline in Saudi Arabia between 2023 and 2028 shows that upper-upscale and luxury hotels account for around ** percent of rooms, indicating an inclination toward focusing on high-end services. This can also be seen by looking at project-specific values of construction contract awards in 2022, where projects like Neom and Diriya Gate mostly target affluent individuals. Nevertheless, the promotion of budget-friendly activities such as exploring natural landscapes, beaches, or cultural heritage sites that attract cost-conscious tourists is not uncommon.

Saudi Arabia SA: BOP: Current Account: Imports: Service: Travel: % of Service Imports data was reported at 23.706 % in 2016. This records an increase from the previous number of 21.975 % for 2015. Saudi Arabia SA: BOP: Current Account: Imports: Service: Travel: % of Service Imports data is updated yearly, averaging 22.316 % from Dec 1971 (Median) to 2016, with 23 observations. The data reached an all-time high of 32.738 % in 1971 and a record low of 6.863 % in 1981. Saudi Arabia SA: BOP: Current Account: Imports: Service: Travel: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Saudi Arabia – Table SA.World Bank: Balance of Payments: Current Account. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted Average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.