The data also indicates that spending by residents traveling abroad grew by 21.79% during the same period, totaling SR26.33 billion. This uptick reflects a broader trend of increased consumer confidence and disposable income among Saudi residents, enabling more international travel.
In the first half of 2024, tourism spending in Saudi Arabia reached approximately SR150 billion ($40 billion), marking a 10% annual increase. This growth is attributed to the Kingdom's focus on expanding its selection of leisure and entertainment facilities, as well as hosting large-scale events, which have collectively enhanced its appeal as a tourist destination.
Saudi Arabia's tourism sector has experienced remarkable growth in recent years. In 2023, the Kingdom welcomed 27.4 million visitors, registering a 56% increase compared to 2019. This surge positioned Saudi Arabia as the leader among G20 countries in terms of growth in international arrivals during the first seven months of 2024.
The Kingdom's ambitious projects, such as the Red Sea Project and the development of luxury resorts like Amaala, have played a pivotal role in attracting high-spending visitors. These initiatives are part of a broader strategy to diversify the economy away from oil dependence and establish Saudi Arabia as a premier global travel destination.
Saudi Arabia has climbed 15 positions in the global ranking for inbound tourist spending, securing the 12th spot in 2023 compared to 2019. This advancement reflects the Kingdom's success in attracting international tourists and increasing their expenditure within the country.
The Saudi government's commitment to developing the tourism sector is evident in its substantial investments and policy reforms aimed at creating a sustainable and diversified economy. By prioritizing sustainable development and cultural preservation, the sector is creating jobs and driving economic diversification.
In addition to infrastructure development, Saudi Arabia has implemented various initiatives to enhance the visitor experience, including the introduction of e-visas and the hosting of international events and festivals. These efforts have contributed to the Kingdom's growing appeal as a tourist destination.