Gloria Guevara Manzo, Saudi Arabia’s chief special advisor to the tourism minister, has announced she’s stepping down.
14.06.2024 - 19:49 / breakingtravelnews.com / Julia Simpson / Ahmed Al-Khateeb
The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has revealed a record-breaking year for Travel & Tourism in Saudi Arabia, with new records in GDP contribution, sector jobs and visitor spend.
Saudi Arabia’s Travel & Tourism sector is now soaring past all previous records, testament to the country’s commitment to becoming a global tourism hot spot.
Last year, the sector grew by more than 32% to contribute a record-breaking SAR 444.3BN to Saudi’s GDP, representing 11.5% of the entire economy. This exceeded the previous record by almost 30% and underscores the sector’s pivotal new role in the nation’s economic framework.
Jobs supported by the sector grew by 436,000 to reach more than 2.5MN, representing almost one in five jobs in the country.
Although the jobs lost during the pandemic were fully recovered in 2022, today’s announcement shows sector employment in Travel & Tourism has increased almost 24% since the previous peak.
International visitor spending surged by almost 57% to reach SAR 227.4BN, breaking the previous record by SAR 93.6BN, while domestic visitor spending grew by 21.5% to reach SAR 142.5BN.
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Seven years ahead of its target, Saudi Arabia welcomed 100MN tourists in 2023. Today, the country is surging toward even greater heights and has set a more ambitious aim of attracting 150MN tourists by 2030.
Julia Simpson, WTTC President & CEO said; “Saudi Arabia’s Travel & Tourism sector’s extraordinary achievements last year mark a pivotal moment in its journey towards becoming a global tourism leader.
“This success is a direct result of the Kingdom’s visionary commitment to the sector, showcasing an impressive fusion of cultural heritage and innovative tourism initiatives. As the sector continues to expand, it promises to play a crucial role in the nation’s diversified economic future, while contributing significantly to global Travel & Tourism development.”
Minister of Tourism of Saudi Arabia and Chairman of the Executive Council of UN Tourism, His Excellency Ahmed Al-Khateeb said “The latest data from WTTC provides further evidence of the rapid success we have achieved in transforming Saudi Arabia’s tourism industry.
“Tourism is a key pillar of the Kingdom’s Vision 2030 economic diversification plans and we have made great strides promoting investment in the sector - with more than $800 billion earmarked by 2030 - as well as creating new jobs and growing the contribution of tourism to GDP.”
What Does This Year Look Like?
Travel & Tourism is forecast to continue growing at pace in 2024, with GDP contribution set to reach SAR 498BN, while jobs will increase by more than 158,000 jobs to reach nearly 2.7MN.
International visitor spending is projected
Gloria Guevara Manzo, Saudi Arabia’s chief special advisor to the tourism minister, has announced she’s stepping down.
The World Travel & Tourism Council (WTTC) today unveiled the remarkable growth of Travel & Tourism in France last year, with the sector’s GDP contribution surging by nearly 6% year-on-year to a record-breaking €246BN. According to the global tourism body’s latest research, in 2023, Travel & Tourism soared 4.3% above the previous peak, representing 8.8% of France’s total economic output, signalling a year of significant growth for the sector.
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NATIONAL HARBOR, Md. -- Travel Leaders Network president Roger Block, who will step down from his executive role at the end of this year, is confident he is leaving TLN better than when he found it.
Artificial Intelligence (AI), the latest global phenomenon, was a major focus at the Caribbean Tourism Organization’s (CTO) Caribbean Week in New York, where a Ministerial forum looked at leveraging AI for tourism development. During the discussions, Minister of Tourism, Hon Edmund Bartlett highlighted that this technology will be the new frontier for Caribbean tourism and must be harnessed properly to enable more seamlessness within the industry.
Saudi Tourism Authority made its debut at the prestigious Cannes Lions International Festival of Creativity, with an address by CEO Fahd Hamidaddin on the crucial role creativity plays in shaping the conversation around tourism, and the country more broadly. Driven by ambitious goals, Saudi is placing creativity and innovation at the centre of its push to diversify its economy and leverage opportunities on its path of transformation. Tourism is a visible showcase, using creativity to help spark conversation around the dramatic changes on the ground and shatter prejudice. In a 30-minute address attended by leading creatives from around the world, Fahd Hamidaddin, CEO of Saudi Tourism Authority stated: “Storytelling is something that Arabia has always cherished, and creativity is the beacon of our future, it’s the beauty of imagination meeting innovation.” Speaking of Saudi’s journey towards 2030, with its focus on creativity – the new energy source, he outlined Saudi’s aim: ”We are experiencing a transformation which takes Saudi from being oil dependent to becoming a fully diversified hyper-growth economy that sits at the centre of the world - economically, socially and creatively as well.” The keynote paid tribute to the Saudi creative forces re-shaping the narrative on a world stage. Pointing to art showcases, the burgeoning entertainment scene - with Saudi entries to both the Oscars and the Festival du Cinema at Cannes - a growing cadre of home-grown and international creatives working together to demonstrate the importance of creativity in furthering the country’s ambitions. Taking the audience on a journey through some key developments in Saudi’s arts and entertainment space, he expressed pride in Saudi’s innovation and creativity: “If you think you know Saudi, think again. Even Saudis don’t recognize it amid the changes and transformations happening every day.”
Minister of Tourism, Hon. Edmund Bartlett arrived in New York City to participate in a series of events and activities for the Caribbean Tourism Organization’s (CTO) Caribbean Week celebrations from June 16 to June 21. While in the USA, Minister Bartlett and senior tourism officials will embark on a strong multi-city marketing blitz that will also take them to Chicago and Dallas.
The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) has revealed Türkiye’s Travel & Tourism sector broke all records last year, reaching new milestones across four key metrics.
As the weather warms up you may have started thinking, of the right destination to choose for a cooler escape. Why not consider a vacation to explore an unexpected destination, Saudi, which contrary to preconceptions has average summer temperatures of between 24°C - 78°F - 27 °C/ 84°F in the mountains and along its coastlines.