AstroLabs, the Gulf’s leading business expansion platform, is excited to announce the launch of a new guidebook. This guidebook highlights the booming Saudi tourism industry and the Kingdom’s rise as a global tourist destination.
Since the launch of Saudi Arabia’s Vision 2030, the tourism industry has seen incredible growth. Additionally, this progress is driven by the expansion of various types of tourism, leading to a surge in international visitors. Notably, the Kingdom achieved its Vision 2030 target of welcoming over 100 million visitors in 2023. By the end of the decade, it aims to reach 150 million visits annually.
The guidebook, titled “Inside the Kingdom’s Tourism Draw,” provides a detailed look at how tourism can foster economic growth. It also covers the sector’s progress over the past eight years, focusing on its ambitious goals and significant milestones.
AstroLabs, leveraging its position as a top business expansion platform, has insights for high-growth international businesses eyeing the tourism market. This guidebook is a practical resource for businesses looking to seize opportunities within the Saudi travel and tourism industry, including giga projects like ROSHN, Diriyah Gate, and AlUla, as well as global events such as Riyadh Expo 2030.
“This guidebook, one of the most detailed analyses of the Saudi tourism market, shows our commitment to supporting the thriving Saudi tourism sector as envisioned in Vision 2030. It offers global and regional companies a clear roadmap to align with market needs,” said Joe Kobrianos, Chief Strategy Officer at AstroLabs.
Kobrianos also noted, “Since 2016, Saudi Arabia has welcomed over 606 million tourists, with record-breaking numbers in 2023, resulting in a 68% increase since Vision 2030 began. This rapid development has attracted many tourism-focused companies to Saudi’s market.”
The guidebook offers a comprehensive analysis of key market dynamics and trends driving record growth. It identifies investment opportunities and highlights the influx of tourism-focused firms establishing a strong presence in the Kingdom.
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