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Showing posts with the label Saudi Arabia-Tourism

In the first half of2024, visitors to the Kingdom spent more than $24 billion.

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RIYADH: According to the Saudi Ministry of Tourism, the Kingdom had an 8.2 percent increase in international tourist expenditure in the first half of 2024 as compared to the same period in 2023. Approximately SR92.6 billion ($24.5 billion) was spent in all. According to the Saudi Press Agency, the Kingdom also declared a surplus in the travel account, estimated to be worth SR41.6 billion. The Kingdom has seen a rise in visitor expenditure, which is one of the major trends in the tourism industry. According to the UN World Tourism Organization, during the first seven months of 2024, compared with the same period in 2019, the Kingdom led the list of G20 countries in terms of growth in the number of foreign visitors and growth in international tourism income. The data released validates the efficacy of the measures implemented by the tourism system to attain worldwide leadership in the industry. These measures include the utilization of optimal tourism development practices, enhancement o