Saudi Arabia’s Booming Tourism Industry Attracts $11.99 Billion in International Spending in Q1 2023
During the first quarter of 2023, Saudi Arabia experienced a significant increase in spending by international visitors, with a growth rate of 22.9% compared to the same period in 2019. The total spending by these visitors exceeded $11.99 billion riyals, resulting in a surplus in the travel item estimated at $4.6 billion riyals.
This surge in spending is part of the ongoing successes achieved by Saudi Arabia’s tourism industry, which has earned first place on the United Nations Tourism List for both the growth rate of international tourists and tourism revenues. The Kingdom has positioned itself among the best major tourist destinations globally compared to 2019, thanks to its ongoing efforts to promote and expand its tourism offerings.
To attract more visitors from around the world and enhance their experiences, Saudi Arabia continues to invest heavily in its tourism infrastructure and attractions. This includes developing new destinations such as Neom City, promoting cultural events and festivals such as Riyadh’s International Film Festival and creating innovative experiences like Jeddah’s Light Towers exhibition.
The surge in spending by international visitors reflects their increasing interest in Saudi Arabia as a unique travel destination with rich culture, history, and modern amenities. As a result, this trend is expected to continue, boding well for future development of the country’s tourism industry.
In summary, Saudi Arabia’s successful promotion and expansion of its tourism industry have resulted in an increase in spending by foreign visitors during the first quarter of 2023. This surge reflects growing interest in Saudi Arabia as a unique travel destination and positions it among the top tourist destinations globally compared to 2019.
