In the recent years, the Kingdom of Saudi Arabia has witnessed a significant growth in the outbound tourism market including the number of trips and the total night spent across overseas. As per our study, the number of night spent by Saudi tourist overseas was only 26 million nights in 2006, while they spent more than 250 million in 2015. The main reason driving the night spent by Saudi Arabia in foreign country is lack of entertainment in the country.
Holiday activities like relaxation, shopping and sightseeing are the primary reason for driving the Saudi Arabia Outbound Tourism Market. The other major factors that propel the Saudi Arabia outbound tourism market are; rising per capita disposable income, economic growth, new generation has the willingness to roam around the world, lack of entertainment facilities in the country, increasing number of tech-savvy people, online booking and exploring new destination etc. Saudi Arabia Outbound Tourism Market throws an opportunity of USD 43 Billion by the year 2025.
Structured survey reveals three big segments of travel— conservatives, fun seekers, and diversity seekers. Conservatives have a deep dislike for entertainment-oriented events; fun seekers prefer shopping and leisure activities, and variety seekers like all holiday activities. Holiday segment among all other segments of Saudi Arabia Outbound Tourism is the most common segment of tourism.
Market Summary:
By Purpose of Visit: The study explores the purpose of visit by; Holiday Tourists Arrivals & Market, Visit Friends and Relatives (VFR) Arrivals & Market, Business (MICE) Arrivals & Market and Others Arrivals & Market.
By Countries: Saudi Arabia outbound tourism categorized by countries into 10 parts; United Kingdom, United States, India, Germany, Switzerland, Singapore, Australia, Malaysia, Turkey and South Africa. This report studies multivariate statistical methods to define the market and volume of outbound visitors.
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