Saudi Inbound Tourism Revenues Up By 225 Percent In Q1

Saudi Inbound Tourism Revenues Up By 225 Percent In Q1

RIYADH, Sept 2 (NNN-SPA) – Saudi Arabia registered a 225-percent growth, year on year, in inbound tourism revenues for the first quarter, the Tourism Ministry was quoted as saying.

The revenues reached 37 billion Saudi riyals (about 9.87 billion U.S. dollars), as per the data from the central bank, said the report.

The travel item of Saudi balance of payments registered a surplus of 22.8 billion riyals, in the first quarter, compared to a deficit of 1.6 billion riyals in the same period last year.

The kingdom received about 7.8 million tourists during the period, marking the best quarterly performance in its history, by achieving a growth of 64 percent compared to the same period in 2019 before the pandemic.

The kingdom’s outstanding performance in tourism also brought it to second place in the global ranking, regarding the growth in international tourist arrivals, according to data issued by the World Tourism Organisation in May.

The ministry attributed the achievement to the massive and continuing efforts made by the country, to boost the tourism sector in line with Saudi Vision 2030.– NNN-SPA  

administrator

Related Articles