Latest news with #SR115.3
Gulf Insider
23-06-2025
- Business
- Gulf Insider
Saudi Arabia's Tourism Soars: 116 Million Visitors, SR284 Billion Spending In 2024
Saudi Arabia welcomed approximately 116 million domestic and international tourists in 2024, a 6 percent increase compared to the previous year, according to the Ministry of Tourism's Annual Statistical Report released on Sunday. The report revealed that total domestic and inbound travel spending reached around SR284 billion in 2024, an 11 per cent year-on-year growth. The surge reflects the Kingdom's growing appeal as a global travel destination and the effectiveness of its sustained investment in tourism infrastructure, cultural offerings, and streamlined visitor experiences. A record-breaking 30 million inbound tourists visited Saudi Arabia in 2024, an 8 percent increase over 2023, the highest number ever recorded. Spending by international visitors soared to SR168.5 billion, a 19 percent rise from the previous year. Domestic tourism also showed robust growth, with 86.2 million residents travelling within the Kingdom, spending SR115.3 billion and representing a 5 per cent increase in volume and value. Ahmed Al-Khateeb, Minister of Tourism, said: 'Tourism is no longer a supporting sector; it is a key economic driver that enables Vision 2030. These figures reflect the commitment of our partners across the tourism ecosystem, from investors and entrepreneurs to cultural institutions and hospitality leaders.' The ministry emphasised that the sector's growth builds on the significant momentum gained in 2023 and showcases the effectiveness of recent policy reforms, marketing campaigns, and investment initiatives to make Saudi Arabia more accessible and attractive to global travellers.
Saudi Gazette
22-06-2025
- Business
- Saudi Gazette
Tourism Ministry: Saudi Arabia tops 100 million visitors for second year in a row in 2024
Saudi Gazette report RIYADH — Saudi Arabia welcomed around 116 million domestic and foreign tourists in 2024, and this figure marks an increase of six percent compared to 2023, according to the Ministry of Tourism. In its 2024 Annual Statistical Report on Saudi Arabia's tourism sector, released on Sunday, the ministry stated that total tourism spending for domestic and inbound travel during the last year reached approximately SR284 billion, reflecting an 11 percent year-over-year growth. The ministry noted that Saudi Arabia recorded its highest-ever number of inbound tourists, with approximately 30 million visitors in 2024, marking an 8 percent rise compared to 2023. Inbound tourism spending in 2024 totaled SR168.5 billion, up 19 percent from the previous year. Domestic tourism also experienced solid growth with 86.2 million domestic tourists in 2024, marking a five percent increase compared to 2023. Moreover, domestic tourism spending reached SR115.3 billion in 2024. The ministry's annual report highlighted key indicators of tourism activity and underscored the sector's continued growth following the significant progress made in 2023. Minister of Tourism Ahmed Al-Khateeb stated that the strong performance reflected in the 2024 report was achieved through the guidance and support of the Kingdom's leadership. He highlighted that tourism has become a key enabler of Saudi Vision 2030, with the report shedding light on the sector's accelerated growth, driven by the efforts of the ministry and all stakeholders in Saudi Arabia's tourism ecosystem. The ministry invited investors and stakeholders to view the full 2024 Annual Statistical Report, available on its official website.
