In recent years, the Kingdom of Saudi Arabia has witnessed a significant growth in the outbound tourism market including the number of trips and the total night spent across overseas. As per our study, the number of nights spent by Saudi tourist overseas was only 26 million nights in 2006, while they spent more than 250 million in 2015. The main reason for driving the night spent by Saudi Arabia in a foreign country is the lack of entertainment in the country.
The report offers a comprehensive evaluation of the Saudi Arabia Outbound Tourism Market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market.
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Holiday, Visit Friends and Relatives (VFR), Business (MICE) & Others (Education, Medical Treatment)
In these reports, we have done the analysis for 10 destinations of Saudi Arabia Outbound Tourism Market. Turkey, United States, United Kingdom, Switzerland, and Malaysia are some of the preferred destinations by Saudi Arabia tourists. In this report, we have done a comprehensive analysis of each country in terms of a number of Saudi Arabia tourist visit, market & forecast and number of associated factors that impacted Saudi Arabia Outbound Tourism. The ten countries studied in the report are as follows: United States, United Kingdom, India, Germany, Switzerland, Singapore, Australia, Malaysia, Turkey, and South Africa.
The Saudi Arabia Outbound Tourism Market report delivers full information about the latest developing trends and technologies including the future growth, sales figures, Type and Application providing profitable strategies of leading companies. This report provides details information about business performance, feature, objective, revenue, sales drivers and supply chain analysis. It’s also cover important key points like market forecast and future plans of the Saudi Arabia Outbound Tourism Market.
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Growth of the Saudi Arabia Outbound Tourism market is driven by the increase in internet penetration, rise in disposable income of people in emerging markets, and ease of comparing a variety of travel options online. Market players are introducing innovative travel and vacation package deals to assist travelers in making sound travel decisions as per their spending capability, such as affordable packages for international destination, discounts on car rentals and cash back on international flights.
The report also makes some important proposals for a new project of Saudi Arabia Outbound Tourism Market before evaluating its feasibility. Overall, the report covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Saudi Arabia Outbound Tourism market. It offers facts related to the mergers, acquirement, partnerships, and joint venture activities widespread in the market.
This report includes the estimation of market size for value (million US$) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Saudi Arabia Outbound Tourism market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
In This Study, The Years Considered To Estimate The Size Of Saudi Arabia Outbound Tourism Market Are As Follows:
History Year: 2015-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2026
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