Saudi Arabia Travel and Tourism Market Summary, Competitive Analysis and Forecast to 2027

Saudi Arabia Travel and Tourism Market Summary, Competitive Analysis and Forecast to 2027

Summary

Travel & Tourism in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key HighlightsThe travel and tourism industry consists of revenues generated by passenger airlines, passenger rail, foodservice, hotels and motels, travel intermediaries and casinos and gaming market.The Saudi Arabian travel and tourism industry had total revenues of $54.1 billion in 2022, representing a negative compound annual rate of change (CARC) of 0.9% between 2017 and 2022.Food service was the industry's largest segment in 2022, with total revenues of $24.2 billion, equivalent to 44.7% of the industry's overall value.Saudi Arabia is witnessing a significant growth in the entertainment sector. The expansion of entertainment sector is leading to the growth in number of theme parks, movie theatres, sports infrastructure, and live mega events.ScopeSave time carrying out entry-level research by identifying the size, growth, and leading players in the travel & tourism market in Saudi ArabiaUse the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Saudi ArabiaLeading company profiles reveal details of key travel & tourism market players’ global operations and financial performanceAdd weight to presentations and pitches by understanding the future growth prospects of the Saudi Arabia travel & tourism market with five year forecastsReasons to BuyWhat was the size of the Saudi Arabia travel & tourism market by value in 2022?What will be the size of the Saudi Arabia travel & tourism market in 2027?What factors are affecting the strength of competition in the Saudi Arabia travel & tourism market?How has the market performed over the last five years?