Business Monitor International


Saudi Arabia Tourism Report

Published 01 December 2014

  • 58 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Saudi Arabia Tourism Report

BMI View: BMI expects religious visits to remain among the main drivers for the tourism industry over the medium term. Saudi Arabia is home to Mecca and Medina, two of Islam's holiest cities, and every year millions of Muslims come to Mecca for the hajj, the largest annual pilgrimage in the world.

A total of 1.38mn foreign pilgrims performed the hajj in 2013, down by 21% year-on-year (y-o-y) due to health fears, but this is still a substantial customer base. The authorities' move to create a tourist visa for religious visitors and extend their stays could therefore provide a strong boost to tourism receipts over the medium term. In this context, in November 2013 Saudi Arabia announced a relaxation of visa restrictions for overseas visitors, allowing foreign nationals travelling to the country for pilgrimage to stay for a longer period of 30 days. Under the 'Extended Umrah Tourism Programme', which was launched in December, the Umrah (pilgrimage) visa will be converted into a tourist visa upon expiry. This is a significant step forward in Saudi Arabia's tourism ambitions; the authorities had previously not issued tourist visas to visitors, limiting entry for most nationals outside the Gulf Cooperation Council (GCC). 65 countries are now eligible for the scheme.

Government expenditure has focused on developing the religious tourism and business travel sectors in particular, and we expect this support to continue over the forecast period to 2018. Media reports have suggested that the Saudi Arabian tourist industry could soon become the country's largest employer, with the number of people working in tourism set to triple from 2011 to 2020, to around 1.8mn. By developing the religious tourism and business travel sectors, the government hopes to create job opportunities for nationals who remain reluctant to move away from the public sector.

It can be argued that Saudi Arabia had been somewhat slow to develop its tourism sector, with limited investment on...

Table of Contents

BMI Industry View
7
SWOT
9
Tourism
9
Political
11
Economic
13
Business Environment
14
Industry Forecast
15
Inbound Tourism
17
Table: Saudi Arabia Inbound Tourism, 2011-2018
18
Table: Saudi Arabia Inbound Tourism, Top 10 Markets By Arrivals, 2011-2018 ('000)
19
Outbound Tourism
20
Table: Saudi Arabia Outbound Tourism, 2011-2018
20
Table: Saudi Arabia Outbound Tourism, Top 10 Destinations By Departures, 2011-2018 ('000)
22
Travel
22
Table: Saudi Arabia International Tourism Receipts For Transport & Travel, 2011-2018
23
Table: Saudi Arabia Breakdown Of Methods Of Tourist Travel, 2011-2018
24
Hotels
24
Table: Saudi Arabia Hotel Accommodation, 2011-2018
25
Industry Risk/Reward Ratings
27
Tourism Risk/Reward Ratings
27
Table: Middle East & North Africa Tourism Risk/Reward Ratings
27
Security Risk/Reward Ratings
28
Table: Middle East And Africa Defence And Security Ratings
31
Market Overview
32
Table: Global Hotel Groups' Presence In Saudi Arabia
34
Table: Saudi Arabia's Airport Infrastructure Projects
38
Company Profile
41
Elaf Group
41
MENA Hotels And Resorts
44
Global Industry Overview
46
Table: Global Arrivals
46
Table: Global Hotel Room Numbers
47
Global Assumptions
48
Table: Global Assumptions, 2013-2018
49
Table: Global And Regional Real GDP Growth, 2013-2016 (% change y-o-y)
50
Developed States
51
Table: Developed States, Real GDP Growth Forecasts, 2013-2016
51
Emerging Markets
53
Table: Emerging Markets, Real GDP Growth Forecasts, 2013-2016
54
Table: BMI Versus Bloomberg Consensus Real GDP Growth Forecasts, 2014 And 2015 (%)
55
Demographic Forecast
56
Table: Saudi Arabia's Population By Age Group, 1990-2020 ('000)
57
Table: Saudi Arabia's Population By Age Group, 1990-2020 (% of total)
58
Table: Saudi Arabia's Key Population Ratios, 1990-2020
59
Table: Saudi Arabia's Rural And Urban Population, 1990-2020
59
Methodology
60
Industry Forecast Methodology
60
Risk/Reward Ratings Methodology
61
Table: Weighting Of Indicators
63

The Saudi Arabia Tourism Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's Saudi Arabia Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Saudi tourism industry.

Key Benefits

  • Benchmark BMI's independent tourism industry forecasts for Saudi Arabia to test other views - a key input for successful budgetary and planning in the Saudi tourism market.
  • Target business opportunities and risks in the Saudi tourism sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Saudi Arabia.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

This contains a synopsis of our forecasts, and any changes, together with an overview of key trends and developments in the tourism industry, and an assessment of the impact of various economic and national factors which might affect the sector. It also covers new transport projects, new hotel developments, and acquisitions.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the tourism sector and within the broader political, economic and business environment.

BMI Industry Forecast Scenario

Forecasts to end-2018 for all key indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:

Inbound tourism: Arrivals (‘000), arrivals growth (% y-o-y), arrivals by region, growth (% y-o-y), arrivals by country, growth (% y-o-y), top 10 countries based on arrivals, growth (% y-o-y).

Outbound tourism: Departures (‘000), growth (% y-o-y), departures by regional destination (‘000 and growth % y-o-y).

Travel: Methods of travel for arrivals (Air, Ship, Rail), (‘000) and (% growth y-o-y), international Tourism receipts for transport (US$bn), (growth % y-o-y), international Tourism receipts for travel items (US$bn), (growth % y-o-y).

Hotels: Hotel industry value (US$bn), (growth % y-o-y), (%GDP), (per capita), (per employee), number of hotels and like establishments (‘000), (growth % y-o-y), total overnight stays, (‘000), (growth % y-o-y), length of stay, occupancy rate (%), number of hotel rooms, (‘000), (growth % y-o-y).

Industry Risk Reward Rankings

BMI’s Tourism Industry Risk Reward Rankings provide a country-comparative Risk Reward Rankings index aimed at investors (tour operators, tourism infrastructure investors, financial institutions) in the regional tourism market.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data points.

We also have Security Risk Reward Rankings which provide a detailed assessment of possible threats to the country (and by extenuation to the tourism industry), ranging from economic and political upheaval, to terrorist attacks and organised crime levels.

Market Overview

This contains a comprehensive overview of the tourism industry in the country, its overall value, the value of its hotels industry, trends in the hotels industry and any new developments. It also contains an evaluation of the top 10 global hotel groups’ presence in the country, which brands are present in which cities, the number of hotels and any planned developments and strategies. The Market Overview also considers the tourism infrastructure developments in the country, in particular transport infrastructure projects such as ports and airports. Tables are also included from our regularly updated Key Projects Database, which contain details of projects, their value, the time frame, their current status, the companies involved and their estimated completion dates.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape.

The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc