Saudi Arabia Tourism Report Q4 2015 - New Report Available

Saudi Arabia is set to see an increase rise in tourist arrivals between 2015 and 2019, with increasing numbers of business travellers and religious visitors boosting the tourist market within the country. Backed by governmental support, transport infrastructure investment and foreign hotel group development, the industry is in good shape. However, regional insecurity and low oil prices present a genuine downside risk that may affect government fiscal spending if continued in the long term.

Job opportunities in Saudi Arabia's tourism and tourism-related sectors will reach 1.7mn by 2020, according to a report by the Saudi Commission for Tourism & National Heritage. The report stated that employment growth in the tourism sector is forecast at 10% in 2010-2020, compared with a global growth rate of 2.5% during that same period. Job opportunities in the Saudi tourism sector stood at more than 751,000 in 2014. This highlights the rapid expansion of the tourism sector to date, and the emphasis which the government is placing on future economic diversification away from oil revenues. However, we would emphasise that there are a number of regional rivals with regards to the tourism industry in the Middle East, many of which have already established themselves more firmly, and this could undermine Saudi Arabia's aspirations to become the main Middle Eastern tourist destination.

Full Report Details at
- http://www.fastmr.com/prod/1044843_saudi_arabia_tourism_report.aspx?afid=301

The Saudi Arabia Tourism Report has been researched at source and features BMI Research's independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's Saudi Arabia Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Saudi tourism industry.

Key Benefits

* Benchmark BMI's independent tourism industry forecasts for Saudi Arabia to test other views - a key input for successful budgetary and planning in the Saudi tourism market.
* Target business opportunities and risks in the Saudi tourism sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Saudi Arabia.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

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