Saudi Arabia set for record economic boost this year The World Travel & Tourism Council’s (WTTC) is forecasting that international visitor spending will break all previous records this year, reaching an unprecedented $2.1TN - $164BN more than the 2019 peak. The sector’s total global economic contribution is set to reach $11.7TN this year, 10.3% of global GDP, while jobs supported by the sector are expected to rise by 14MN, reaching 371MN worldwide, more than the entire population of the U.S. But while the sector is surging overall, momentum in some major economies is slowing. According to the research, the U.S., still the world’s largest Travel & Tourism market, continues to lag, with international visitor spend trailing 2019 levels. In China, while international...
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Saudi Arabia Minister of Tourism, Ahmed Al-Khateeb, urges global leaders to give the sector the attention it deserves The Travel and Tourism sector’s essential contribution to shaping the global landscape was underscored at the World Economic Forum (WEF) Annual Meeting in Davos this week with Ahmed A. Al-Khateeb, Saudi Arabia Minister of Tourism, urging world leaders to provide the industry with the focus and collaborative solutions it deserves. Saudi Arabia welcomed nearly 30 million international visitors in 2024 and contributed almost 5% to the Kingdom’s GDP. In dedicated WEF sessions on travel and tourism, Ahmed Al-Khateeb, who attended Davos as part of the official Saudi Arabia WEF Delegation, highlighted the Kingdom’s unprecedented growth rates. He stressed the critical role t...
Read MoreTravel & tourism’s critical contribution to global economic advancement is being elevated on the Annual Meeting agenda through a series of high-level, dedicated official sessions led by Saudi Arabia’s Tourism Minister Al-Khateeb, featuring influential sector leaders. Saudi Arabia is seeking to champion the transformative power of travel and tourism, focusing on collaboration and partnership development to catalyze sustainable, cross-border, multi-sector economic growth. The pivotal role of tourism in driving economic diversification will take center stage at the World Economic Forum (WEF) Annual Meeting in Davos this week. Saudi Arabia’s Minister of Tourism, Ahmed Al-Khateeb, will participate in the WEF Annual Meeting as part of the Saudi delegation led by Prince Faisal bin ...
Read More• Will run for 4 months across 7 destinations: Aseer, Al Baha, Taif, Jeddah, Riyadh, the Red Sea, and AlUla • Includes over 550 exceptional tourism products and over 150 specially curated offers and packages Saudi Tourism Authority has launched the country’s spectacular summer program for 2024, “Saudi Summer is Next Door.” Program will run for four months until the end of September across seven destinations and includes over 550 exceptional tourism products and more than 150 special offers and packages curated for families and children across different segments like adventure lovers, those looking for luxury retreats and activities, and culture and heritage enthusiasts. Organized by the Saudi Tourism Authority and launched by Ahmed Al Khateeb, Minister of Tourism and Chairm...
Read More55 government ministers, 250 tourism CEOs and 60 ambassadors meet at WTTC summit 3-day annual summit attracts nearly 3000 delegates from 140 countries Sustainability, communities, technology & unlocking potential dominate debate Rwanda capital Kigali to host next WTTC Global Summit in 2023 The leaders of the global travel and tourism industry left the Saudi capital of Riyadh and the biggest ever World Travel & Tourism Council Summit last night with a renewed sense of optimism, shared future goals and a stronger commitment to collaborative cross-border strategies to drive a successful future for the sector. The three-day summit attracted decision makers from every corner of the world as host nation Saudi Arabia hosted 55 Government Ministers, 250 travel and tou...
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