Global Tourism Set to Hit USD 11.7 Trillion in 2025, Saudi Arabia Shines

The Rise of Global Tourism

The World Travel & Tourism Council (WTTC) forecasts that by 2025, the global travel sector will be a powerhouse, contributing approximately USD 11.7 trillion to the economy. While certain markets experience slower growth, Saudi Arabia is poised to shatter records, with economic input predicted to reach around SAR 447.2 billion. The tourism sector’s GDP share is projected to surpass 10 percent, facilitating the creation of 2.7 million jobs.

Tourism’s Impact on the Global Economy

As it stands, the total economic contribution of the travel and tourism industry is set to hit USD 11.7 trillion, reflecting about 10.3 percent of the global GDP. This surge could support a staggering 371 million jobs worldwide—more than the entire population of the United States! Notably, international visitor spending is forecasted to achieve a record USD 2.1 trillion, exceeding pre-pandemic benchmarks.

Regional Disparities in Tourism Growth

Despite this robust growth, not all markets are on the same trajectory. For instance, although the United States remains the dominant force in travel and tourism, its international visitor spending still lags behind pre-2019 levels. Meanwhile, China has already exceeded its 2019 spending, though a slowdown is expected in 2025. These mixed dynamics illustrate the varying paces at which regions are recovering and evolving within this sector.

Saudi Arabia: A Beacon of Growth

In stark contrast to global trends, Saudi Arabia is breaking new ground in the tourism sector. The forecasts from WTTC reveal the Kingdom’s travel and tourism industry is anticipated to contribute SAR 447.2 billion to the national economy this year, marking a historic peak. This monumental figure represents over 10 percent of the country’s GDP and is expected to create an additional 2.7 million jobs. Both international and domestic tourism are driving this growth, with inbound visitor spending projected to near SAR 200 billion.

Boosting Domestic and International Spending

The report shows that domestic tourism expenditure is set to soar, reaching approximately SAR 162.5 billion—both metrics signaling all-time highs. This dramatic increase not only highlights Saudi Arabia’s growing importance on the world tourism stage but also reflects the nation’s strategic initiatives under its Vision 2030 framework. Julia Simpson, WTTC President & CEO, emphasized the significant strides made under the guidance of His Excellency Ahmed Al Khateeb, highlighting that the Kingdom is “not just growing; it’s thriving”.

Middle Eastern Tourism on the Rise

Wider regional developments seem promising as well. It’s estimated that the Middle East’s tourism sector will contribute USD 367.3 billion to the regional economy by 2025, supporting an impressive 7.7 million jobs. Notably, international visitor spending across the region is projected to exceed USD 194 billion, marking a 24 percent increase compared to 2019 levels.

The Future of Tourism

The burgeoning tourism industry presents abundant opportunities for travelers and providers alike. For those planning vacations or tours, it’s essential to choose platforms that reflect current market trends while offering the best deals. GetExperience.com ensures seamless booking experiences by allowing travelers to make secure payments and receive customized tour offerings that cater to their specific preferences.

Key Takeaways

Saudi Arabia’s growth story serves as an inspiring example within the global tourism sector. The Kingdom’s remarkable economic contributions underscore its potential role as a leading destination. Coupled with forecasts indicating a return to pre-pandemic spending levels, tourism is undoubtedly shaping the future landscape of international travel. However, even the most thorough reviews and stellar reports can’t compare to the value of personal experience.

While exploring travel options becomes increasingly vital, it’s advantageous to rely on verified providers who offer competitive pricing. On GetExperience.com, you can easily book experiences that resonate with your preferences—be it cultural tours, adventure activities, or unique virtual experiences. This ensures that your next trip is not only enjoyable but also cost-effective. Book now with GetExperience.com.

In conclusion, the future of tourism appears bright, especially with significant contributions from expanding markets like Saudi Arabia. With continuous investment and strategic initiatives in place, travelers are set to enjoy luxurious adventure travel experiences, eco-friendly wildlife safaris, and culturally rich adventures, making it a fantastic time to explore everything the tourism industry has to offer.