Recent research reports and data provided by Deloitte forecasts that there will be a 43% increase in number of inbound tourist arrivals to Saudi Arabia by 2020.
According to figures from MAS (Tourism Research & Information Centre), number of international trips made to Saudi Arabia is estimated to increase from 18 million in 2015 to 25.8 m in 2020.
Grant Salter, head of travel, hospitality and leisure advisory – Middle East at Deloitte presented the forecasts as part of a talk on “Market performance, trends and projects in Saudi Arabia” at the 2nd annual Vision Conference.
Salter said: “The Kingdom already sees strong tourism figures and hotel occupancy rates have historically been relatively high. There are more than 49,000 new hotel rooms under construction or in final planning across the country to meet demands of this significant increase in tourists. These figures were prepared before the government’s Vision 2030 announcement in which tourism is planned to play a more meaningful role in the Saudi economy.”
The Vision Conference takes place alongside the 4th annual Hotel Show Saudi Arabia.