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Saudi Arabia Tourism Report Q4 2015

Saudi Arabia Tourism Report Q4 2015

BMI View: Saudi Arabia is set to see an increase rise in tourist arrivals between 2015 and 2019, withincreasing numbers of business travellers and religious visitors boosting the tourist market within thecountry. Backed by governmental support, transport infrastructure investment and foreign hotel groupdevelopment, the industry is in good shape. However, regional insecurity and low oil prices present agenuine downside risk that may affect government fiscal spending if continued in the long term.

Job opportunities in Saudi Arabia's tourism and tourism-related sectors will reach 1.7mn by 2020, accordingto a report by the Saudi Commission for Tourism & National Heritage. The report stated that employmentgrowth in the tourism sector is forecast at 10% in 2010-2020, compared with a global growth rate of 2.5%during that same period. Job opportunities in the Saudi tourism sector stood at more than 751,000 in 2014.

This highlights the rapid expansion of the tourism sector to date, and the emphasis which the government isplacing on future economic diversification away from oil revenues. However, we would emphasise thatthere are a number of regional rivals with regards to the tourism industry in the Middle East, many of whichhave already established themselves more firmly, and this could undermine Saudi Arabia's aspirations tobecome the main Middle Eastern tourist destination.

BMI Industry View
Operational Risk
Industry Forecast
Inbound Tourism
Table: Inbound Tourism (Saudi Arabia 2012-2019)
Table: Inbound Tourism, Top 10 Markets By Arrivals, '000 (Saudi Arabia 2012-2019)
Outbound Tourism
Table: Total Outbound Departures, 2012-2019
Table: Outbound Tourism, Top 10 Destinations By Departures, '000 (Saudi Arabia 2012-2019)
Table: Receipts for Transport and Travel (Saudi Arabia 2012-2019)
Table: Breakdown of Methods of Tourist Travel (Saudi Arabia 2012-2019)
Table: Hotel Accommodation (Saudi Arabia 2012-2019)
Industry Risk/Reward Index
Table: Middle East And North Africa Tourism Risk/Reward Index
Security Risk
Market Overview
Competitive Landscape
Domestic Hotels
International Hotels
Global Industry Overview
Table: Global Tourism Market - Key Themes
Global Assumptions
Global Macro Outlook
Table: Global Forecasts, 2014-2019
Table: Global And Regional Real GDP Growth, 2014-2017 (% change y-o-y)
Developed States
Table: Developed States, Real GDP Growth Forecasts, 2014-2017
Emerging Markets
Table: Emerging Markets, Real GDP Growth Forecasts, 2014-2017
Table: BMI Versus Bloomberg Consensus Real GDP Growth Forecasts, 2015 And 2016 (%)
Demographic Forecast
Demographic Outlook
Table: Population Headline Indicators (Saudi Arabia 1990-2025)
Table: Key Population Ratios (Saudi Arabia 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Saudi Arabia 1990-2025)
Table: Population By Age Group (Saudi Arabia 1990-2025)
Table: Population By Age Group % (Saudi Arabia 1990-2025)
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Weighting Of Indicators

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