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Saudi Arabia: Kingdom visitors' spendings exceeds 45 SRL during first quarter of 2024

[02/07/2024 07:29]

RIYADH-SABA
The Kingdom of Saudi Arabia has achieved 22.9% growth in spending by foreign visitors during the first quarter of 2024 compared to the first quarter of 2023.

Data released by the Saudi Central Bank and published by the Saudi Press Agency (SPA) showed that total visitor spending exceeded SAR 45 billion, while the Kingdom achieved a surplus in the travel item estimated at SAR 24 billion, with a surplus growth rate exceeding 46% compared to the same period in 2023.

The data showed that spending by travelers from the Kingdom to abroad is estimated at around SAR 21 billion during the same period.

According to the data, the increase in spending by visitors coming to the Kingdom from abroad is part of the continued successes achieved by the tourism sector in the Kingdom.

The Kingdom ranked first in the United Nations tourism list in terms of the growth rate of the number of international tourists, and in the growth rate of tourism revenues among the best major tourist destinations globally in 2023 compared to 2019.