Saudi Arabia Outbound Tourism Market is expected to generate US$ 25.49 Billion from international tourist arrivals in 2027 as per estimation by Renub Research. Year after year, the number of outbound tourists from the Kingdom of Saudi Arabia has increased. Many younger travellers are motivated to visit a destination on their bucket list. Furthermore, the critical factor driving the Saudi Arabia Outbound Tourism Market Size is the purpose of the visit, such as holiday activities, visiting friends and relatives, and business. Furthermore, interest in nature-based, off-season, and sustainable travel has increased, providing new opportunities to attract travellers and bolstering the Saudi Arabian outbound tourism industry.
Saudi Arabia Outbound Tourism Industry is expected to expand at a CAGR of 15.28% from 2021 to 2027
While domestic and intra-Saudi Arabian travel is becoming more popular, our analysis focuses primarily on Saudi Arabians traveling long-haul to South Africa, India, the United States, the United Kingdom, Singapore, Malaysia, Switzerland, Turkey, and the United Arab Emirates. According to our research, the United Arab Emirates is the top source market for outbound tourism in Saudi Arabia, followed by Switzerland and Turkey. Furthermore, many Saudi travellers are willing to travel to new areas outside the Middle East, creating significant commercial prospects.
How has COVID-19 Impacted the Saudi Arabia Outbound Tourism Market
2020 has turned out to be a catastrophic year for Saudi Arabia’s outbound tourism due to the spread of the COVID-19 virus. When the first infection was discovered in Saudi Arabia in January 2020, it had a significant impact. Saudi Arabia resorted to total lockdowns in response. This had a devastating effect on the outbound tourism market, with numbers plummeting.
The number of flights departing Saudi Arabia reached an all-time low in April and May 2020. While the number of trips increased slightly in the summer and autumn of 2020, travellers were still severely limited. This was anticipated to change in 2021. However, in Saudi Arabia, the tourism industry has recovered following an increase in vaccination rates and a reduction in anti-terrorist measures. According to Renub Research, Saudi Arabia Outbound Tourism Market was US$ 10.86 Billion in 2021.
Renub Research report titled “Saudi Arabia Outbound Tourism Market, Market & Volume (South Africa, India, the United States, the United Kingdom, Singapore, Malaysia, Switzerland, Turkey, and the United Arab Emirates), Purpose of Visit (Holiday, Business, VFR, Study and Others)” is the report on fast-evolving, high-growth Saudi Arabia Outbound Travel Industry.
Saudi Arabia Outbound Tourism Market and Volume has been covered for 9 countries:
1. South Africa
2. India
3. US
4. UK
5. Singapore
6. Malaysia
7. Switzerland
8. Turkey
9. UAE
The countries have been analyzed with consideration of following key purpose of visit:
1. Holiday
2. Business
3. VFR
4. Study
5. Others