• Magazine Archive
  • Advertise With Us
  • Subscribe
  • Contact Us
Sunday, February 28, 2021
  • Login
Hotel News ME
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2020
    • Leaders in Hospitality Awards
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2019
    • The Big F&B Forum
      • Forum 2019
    • Executive Housekeepers Conference
  • Business Connect
No Result
View All Result
Hotel News ME
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2020
    • Leaders in Hospitality Awards
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2019
    • The Big F&B Forum
      • Forum 2019
    • Executive Housekeepers Conference
  • Business Connect
No Result
View All Result
Hotel News ME
No Result
View All Result
Home News

Travel and tourism to boost Saudi GDP by $81 billion

Patrick Ryan by Patrick Ryan
February 15, 2017
in News
A A

Saudi Arabia’s travel and tourism sector is projected to contribute more than $81 billion to the GDP of the country  by 2026.

SAUDI
Saudi Arabia is expected to see a massive boost to its GDP through travel and tourism

That is according to figures that have been released by the World Travel and Tourism Council as they gear up for this year’s Arabian Travel Market (ATM) which revealed there are an additional 61,224 hotel rooms in the pipeline across Saudi Arabia.

Senior exhibition director ATM 2017 Simon Press said: “Plans are already well underway to achieve this target. “The government has appointed the board of the General Entertainment Authority, and Six Flags has revealed exciting plans to expand into the country, with the first entertainment park scheduled to open as soon as 2020-21.” 

Press said that Saudi exhibitors will have a strong presence at this year’s ATM with a number of high profile projects in the spotlight.

These include the opening of two major shopping malls in Riyadh: Mall of Saudi, with 300,000 sq m of retail and entertainment space, a snow park and hotels, and The Avenues Riyadh, a $1.9bn shopping complex.

Kingdom Tower, which is projected to become the world’s tallest building when completed, is another project that is expected to be a major talking point at the event.

Despite a drop of 4.8% in occupancy rates in Saudi Arabia in 2016, according to STR, Press says he expects 2017 to be more positive.

He pointed to a particularly strong focus on leisure, religious and domestic tourism as the country looks to increase the contribution from the non-oil sectors.

ATM takes place from 24-27 April at Dubai International Exhibition and Convention Centre.

Tags: DIFCHotel News MEmiddle eastnew hotelsSaudi Arabia

Related Posts

Coming up Roses: Meet the founder of the UAE’s first 3D café
Catering

Coming up Roses: Meet the founder of the UAE’s first 3D café

February 28, 2021
Dubai extends Covid-19 precautionary measures until start of Ramadan
Hotels

Dubai extends Covid-19 precautionary measures until start of Ramadan

February 26, 2021
Nestlé Professional MENA: Making Delicious Possible with Chef Guarav Mahajan
Catering

Nestlé Professional MENA: Making Delicious Possible with Chef Guarav Mahajan

February 25, 2021
Please login to join discussion

Trending

InterContinental Dubai Marina appoints F&B operations manager
Appointments

InterContinental Dubai Marina appoints F&B operations manager

by Dina Maaty
February 21, 2021

Read more
Conrad Abu Dhabi Etihad Towers appoints new executive team
Appointments

Conrad Abu Dhabi Etihad Towers appoints new executive team

by Dina Maaty
February 23, 2021

Read more
sbe names general manager for SLS Dubai Hotel & Residences
Appointments

sbe names general manager for SLS Dubai Hotel & Residences

by Dina Maaty
February 24, 2021

Read more

Digital Magazine

Hotel News ME

Copyright © 2021
BNC Publishing. All Rights Reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2020
    • Leaders in Hospitality Awards
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2019
    • The Big F&B Forum
      • Forum 2019
    • Executive Housekeepers Conference
  • Business Connect

Copyright © 2021
BNC Publishing. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In