BMI View: Saudi Arabia's tourism industry presents significant growth potential. The market has long been
based upon the enormous number of religious pilgrims that visit each year and extensive transport and
accommodation infrastructure has been built up to support ..."
BMI View: Saudi Arabia's tourism sector continues to expand. The market will continue to be largely
driven by the huge volumes of foreign visitors - mostly from neighbouring countries - embarking on annual
religious pilgrimages to the kingdom. However, the country is ..."
BMI View: An extensive travel and accommodation industry has built up around the Hajj pilgrimage, as
well as other religious pilgrimages, and Saudi Arabia's hotel sector offers a broad range of budget options
with both domestic and international hotel groups well esta ..."
BMI View:Following the tragic loss of life in the September 2015 stampede during a Hajj ritual outside of
Mecca, the government, having come under significant international criticism for its handling of the event,
has committed to major investments in transport, safet ..."
BMI View: Saudi Arabia is set to see an increase rise in tourist arrivals between 2015 and 2019, with
increasing numbers of business travellers and religious visitors boosting the tourist market within the
country. Backed by governmental support, transport infrastruct ..."
BMI View: Saudi Arabia has the single largest tourism industry in the Middle East and North Africa, with
more than 16.4mn inbound arrivals forecast in 2015. As economic conditions in the country's key source
markets continue to improve, we expect strong growth over th ..."
BMI View: BMI expects religious visits to remain among the main drivers for the tourism industry over the
medium term. Saudi Arabia is home to Mecca and Medina, two of Islam's holiest cities, and every year
millions of Muslims come to Mecca for the hajj, the largest a ..."
In general terms, BMI remains optimistic about the medium-term outlook for Saudi Arabian tourism as we
approach the end of 2014, targeting 37.4% growth in tourist arrivals (to 25.8mn) and a 40.6% increase in
tourism receipts (to USD14.2bn) over the forecast period to 2018. The ..."
BMI maintains a broadly optimistic stance towards the Saudi Arabian tourism sector at the mid-point of
2014. We forecast 8.6% growth in tourist arrivals from all regions in 2014, with tourism receipts set to rise
by around 9.1% in US dollar terms.
That said, one ..."
Our tourism report for Saudi Arabia examines the significant long-term potential offered by the industry but
highlights the potential downward pressure that regional uncertainty could have on arrival numbers as the
political landscape changes.
Final full-year 20 ..."