Saudi Arabia travel & tourisms market are anticipated to show a robust growth in the upcoming five years, 2022-2026. The market growth can be attributed to rising disposable income and the religious traveling by the international as well as national tourists. Although the market was drastically affected due to the recent pandemic situation, the market is expected to grow with stable CAGR in the upcoming five years. In the light of COVID-19 spread, various countries including the Kingdom of Saudi Arabia halt the incoming and outgoing air travels and that affected the travel and tourism industry in the country. With the recent advancements of the vaccination and recoveries from the lockdown, the country is bound to benefit from the travel and tourism sector. Moreover, growing affordability of the airline travels and improvement in the accessibility of the exotic locations of the country are alluring more tourists in the country. Along with these mentioned factors, the expenditures by the tourists toward food, souvenirs, and clothing is driving the growth of the market in the next five years. 

The Saudi Arabia travel & tourism market is segmented on the basis of product/ service offering, type, purpose of visit, tourist profile, regional distribution, and competitional landscape. Based on product/ service offering, the market is further fragmented into ticket reservation, hotel booking, holiday/tour packages, travel insurance, and others. Ticket reservation is anticipated to hold the largest shares of the market and assert its dominance over other segments on the grounds of rising number of tourists. Moreover, with the cheaper air travels and more convenient tour planning, the ticket reservations are increasing rapidly. Also, the business travels are increasing due to expansion of global companies is aiding to the growth of the market in the next five years. Hotel bookings are expected to register significant growth in the upcoming five years on the account of international tourists visits in the country for their religious beliefs. Religious pilgrimage like Mosque of Mecca, Kaaba, etc. are major tourist attraction for visits as well as for the prayer offerings. The presence of these tourist attraction is attracting more tourists in the country and aiding the growth of the market in the next five years.

A partial list of market player in the Saudi Arabia travel & tourism market includes Akbar Travels and Tourism, Almosafer, Saudi Arabia, Saudi Arabian Airlines (SAUDIA), Saudi Arabia Tours, HelloTravel, Make My Trip, Yatra, Expedia, Ease My Trip, Travelocity, among others. These market players hold larger shares of the market than the new market players. With the advancement of the technology, it is appropriate to say that the effective research and development of the technologically advanced services like better tour packages, convenient ticket booking processes, would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide services that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments and better service provisions.

Years considered for this report:

Historical Years: 2016 – 2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022 – 2026

Objective of the Study:

  • To analyze the historical growth of the market size of Saudi Arabia travel & tourism market from 2016 to 2019.
  • To estimate and forecast the market size of Saudi Arabia travel & tourism market from 2020 to 2026 and growth rate until 2026. 
  • To classify and forecast Saudi Arabia travel & tourism market based on product/ service offering, type, purpose of visit, tourist profile, competitional landscape, and regional distribution.
  • To identify dominant region or segment in the Saudi Arabia travel & tourism market.
  • To identify drivers and challenges for Saudi Arabia travel & tourism market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia travel & tourism market.
  • To identify and analyze the profile of leading players operating in Saudi Arabia travel & tourism market.
  • To identify key sustainable strategies adopted by market players in Saudi Arabia travel & tourism market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of suppliers, and service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service provider, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of Saudi Arabia travel & tourism market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Travel & tourisms providers, end users, and other stakeholders
  • Distributers and suppliers of the related products and services
  • Organizations, forums, and alliances related to travel & tourisms
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Saudi Arabia travel & tourisms market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia Travel & Tourisms Market, By Product/ Service Offering:
    • Ticket Reservation
    • Hotel Booking
    • Holiday/Tour Packages
    • Travel Insurance
    • Others
  • Saudi Arabia Travel & Tourism Market, By Type:

o   Domestic

o   Inbound

o   Outbound

  • Saudi Arabia Travel & Tourism Market, By Purpose of Visit:

o   Business

o   Leisure & Recreation

o   Education

o   Medical

o   Social Activity

o   Others

  • Saudi Arabia Travel & Tourism Market, By Tourist Profile:
    • Saudians
    • Foreign Nationals
  • Saudi Arabia Travel & Tourism Market, By Region:
    • Western
    • Eastern
    • Northern & Central
    • Southern

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Travel & Tourism market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Saudi Arabia Travel & Tourism Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

1.    Introduction

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID -19 on Saudi Arabia Travel & Tourism Market

5.    Saudi Arabia Travel & Tourism Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value (USD)

5.2.  Market Share & Forecast

5.2.1.     By Product/Service Offering (Ticket Reservation, Hotel Booking, Holiday/Tour Packages, Travel Insurance, Others)

5.2.2.     By Type (Domestic, Inbound and Outbound)

5.2.3.     By Purpose of Visit (Business, Leisure & Recreation, Education, Medical, Social Activity and Others)

5.2.4.     By Tourist Profile (Arabs and Foreign Nationals)

5.2.5.     By Region (Western, Eastern, Northern & Central, Southern)

5.2.6.    By Company (2020)

5.3.  Product Market Map

6.    Saudi Arabia Domestic Travel & Tourism Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value (USD)

6.2.  Market Share & Forecast

6.2.1.     By Product/Service Offering

6.2.2.     By Purpose of Visit

6.2.3.     By Tourist Profile

7.    Saudi Arabia Inbound Travel & Tourism Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value (USD)

7.2.  Market Share & Forecast

7.2.1.     By Product/Service Offering

7.2.2.     By Purpose of Visit

7.2.3.     By Tourist Profile

8.    Saudi Arabia Outbound Travel & Tourism Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value (USD)

8.2.  Market Share & Forecast

8.2.1.     By Product/Service Offering

8.2.2.     By Purpose of Visit

8.2.3.     By Tourist Profile

9.    Market Dynamics

9.1.     Drivers/Opportunities

9.2.     Challenges/Restraints

10.  Market Trends & Developments

11.  Policy & Regulatory Landscape

12.  Saudi Arabia Economic Profile

13.  Competitive Landscape

13.1.    Company Profiles

13.1.1.  Akbar Travels and Tourism

13.1.2.  Almosafer, Saudi Arabia

13.1.3.  Saudi Arabian Airlines (SAUDIA)

13.1.4.  Saudi Arabia Tours

13.1.5.  HelloTravel

13.1.6.  Make My Trip

13.1.7.  Yatra

13.1.8.  Expedia

13.1.9.  Ease My Trip

13.1.10.                Travelocity

14.  Strategic Recommendations

15.  About Us & Disclaimer