noon’s Post

🌸 WTTC and Saudi Arabia extend partnership through MoU In a significant milestone, the World Travel & Tourism Council (WTTC) and the Ministry of Tourism of Saudi Arabia have announced the extension of their partnership through the signing of a Memorandum of Understanding (MoU). This historic agreement, follows last year's successful Global Summit in Riyadh and underscores the Kingdom’s commitment to further enhance its Travel & Tourism sector.    Saudi Arabia is committing a staggering $800 billion to unlock the full potential of its breathtaking landscapes and cultural treasures for travellers worldwide.    This landmark agreement unites private and public sectors in a concerted effort to craft a sustainable blueprint for growth.    The MoU, signed today during the Kingdom’s World Tourism Day event in Riyadh, solidifies the collaboration between WTTC and Saudi Arabia, focusing on advancing key objectives, including the promotion of job creation, talent development, and global business opportunities within Travel (...)   Read more about this news on Journal des Palaces https://lnkd.in/eKyF_kz3 #journaldespalaces #TheHeartofLuxuryHospitality #news #hoteliers Photo credit: World Travel & Tourism Council (WTTC)

Tourism & Hospitality in Saudi Arabia 🇸🇦✨ Tourism and hospitality are not just industries in Saudi Arabia; they are catalysts for economic diversification, cultural exchange, and global connectivity. As the Kingdom opens its doors to the world, tourism and hospitality play a vital role in shaping its future. From creating jobs and fostering entrepreneurship to showcasing the rich cultural heritage and warm hospitality of Saudi Arabia, these sectors are essential drivers of growth and prosperity. As we navigate the evolving landscape of travel, let's continue to prioritize excellence, innovation, and sustainability in tourism and hospitality, ensuring that Saudi Arabia remains a premier destination for travelers from around the globe. #SaudiTourism #HospitalityExcellence #EconomicGrowth"

Saudi Arabia’s tourism landscape is undergoing substantial growth, fuelled by its ambitious Vision 2030 programme. With strategic investments exceeding $1 trillion and a commitment to enhancing infrastructure, including airports and hotels, the Kingdom aims to position itself as a leading global tourist destination. The Kingdom has secured hosting some of the world’s most prestigious events including the Formula 1 Saudi Arabia Grand Prix in Jeddah and the 2030 Expo in Riyadh. To help manage the influx of tourists and visitors, the Kingdom aims to increase hotel capacity by 310,000 rooms by 2030. Alain Sfeir, Atif Mulla and AlAnoud AlAssaf explore Saudi Arabia’s tourism law and how the Implemented Regulations will impact hotel operators in the Kingdom: https://bit.ly/4b4x7f0 Our dedicated Doing Business in Saudi Arabia Hub helps businesses stay informed and understand the latest developments and opportunities: https://bit.ly/3QB9HEx #doingbusiness #saudiarabia #vision2030 #tourism

The robust performance of Saudi Arabia's hospitality sector in the third quarter of the year has been significantly supported by corporate and business tourism. In the year to September 2023, key performance indicators for Saudi Arabia's hospitality sector have shown consistent improvements compared to the same period the previous year. Corporate and religious tourism have played a vital role in driving growth in key performance indicators, resulting in a 5.9% increase in average occupancy rates, an 18.4% rise in average daily rates, and a remarkable 31.2% surge in average revenue per available room across the Kingdom. With events like the Riyadh and Jeddah Seasons yet to take place, this strong performance is expected to continue throughout the remainder of the year. Read the full article in the link below: https://lnkd.in/dYFD2V9T #gulfnews #TheSovereignGroup #Sovereign #SovereignGroup #uaebusiness #ksa #saudibusiness #saudiarabia #business #hospitality #tourism #travel #visitsaudi #saudivision2030 #economy #economicdevelopment #Growth #economicgrowth

#SaudiArabia is on a mission to attract 100 million tourists annually by 2030. In 2022 16.6 million tourists visited it. Becoming a global #travelhub is one major goal of its ambitious #SaudiVision2030. #tourism industry is worth over $10.5 trillion globally & Saudi Arabia is vying for a huge cut of it. #BRICSSummit2023

#SaudiArabia Tourism is the new oil and the additional 400,000+ rooms will create more jobs, diversify revenues, improve quality of life and increase Saudi GDP. However, policies need to be updated like #Dubai to attract 100+ million international tourists per annum. The new policies need to keep in view innovation, technology, creativity, sustainability, global integration and collaboration. Ministry of Tourism of Saudi Arabia Ministry of Investment Ministry of Commerce - Saudi Arabia وزارة الثقافة Ministry of Culture Saudi Vision 2030

🌟 Exciting Future for Tourism: Giant Projects on the Horizon! 🌟 🏞️ Giant Projects Paving the Way for a Promising Tourism Future 🏞️ The Kingdom of Saudi Arabia boasts numerous tourist attractions, making it an alluring destination for visitors worldwide. Recently, the kingdom has witnessed the development of several massive projects that promise a bright future for tourism. 🏰 One of these remarkable projects is the Mountain Desert Rock Resort, nestled on the coast of the Red Sea. Spanning over 1000 square kilometers, it is one of the largest tourist endeavors in the country. The resort features diverse tourist facilities, including luxurious hotels, wellness retreats, global cuisine restaurants, entertainment centers, and sports activities. 🛣️ Major infrastructure, such as roads, airports, and ports, has been completed in the Desert Rock Resort. Tunneling and excavation of luxury hotel units in the mountains have also been finished. The Mountain Desert Rock Resort is a colossal project that holds great promise for the future of tourism in Saudi Arabia. It is expected to attract more visitors to the kingdom and bolster the national economy. #tourism #SaudiArabia #DesertRockResort #Travel #Hospitality #EconomicGrowth

More than 20,000 visitors will be attending LEAP x DeepFest in KSA this year ✈ What does this say about KSA's growing travel and tourism industry as a whole? ✈ The Kingdom welcomed 27.6 million overnight guests in 2023 alone. With an average population of 37 million, that's a significant number of tourists! ✈ In 2024, the country is expected to welcome 30 million tourists. ✈ The Saudi government has revised its 2030 target from 100 million to 150 million visitors already, whilst investing heavily in tourism, hospitality and leisure, aiming to increase the sector's contribution to GDP to 10% by 2030. ✈ Inbound and domestic tourism are also on the rise. Saudi Arabia saw a 142% increase in inbound visitors in the first half of 2023, and domestic tourism spending also increased by 16%. ✈ KSA's economic growth will benefit the wider region, as The World Bank predicts the country's economy to grow by 4.1% in 2024, contributing to regional wealth. ✈ Sustainable practices will go hand in hand with highlighting the need for innovation to transform the travel and tourism industry as a whole, and be seen as a market leader and hub in sustainable travel. #ksa #marketinsights #travelindustry #leap24 #deepfest24