This Is How Much Each Country Benefitted from International Tourism Receipts
Published date 15 May 2023
Saudi Arabia’s ambitions to develop tourism to a point that it contributes 10-15% of the country’s GDP by 2030 is no small feat. In 2020, the country’s tourism sector contributed roughly 3%. It would mean that in less than 10 years time, the Kingdom expects to surpass the annual tourism revenues that the world’s #1 tourism hotspot, the United States, acquired in 2018 (over $200 billion) at pre-covid levels. It’s no wonder the Saudi Government is investing over a trillion dollars into the development of its tourism sector.