This impressive growth will be under the spotlight at the upcoming Arabian Travel Market (ATM) at the end of April, where Saudi Arabia will present its latest tourism milestones, showcase new projects and highlight its vision to become a premier destination.
ATM 2025 will feature several prominent exhibitors from the Kingdom. In addition to the Saudi Tourism Authority, returning exhibitors include Saudi, flynas, Qiddiya Investment Company, Sixth Gulf Travel Company, Taiba Investment, Makkah Clock Royal Tower, Fairmont Hotel, Cruise Saudi, and L’azure Hospitality. First-time exhibitors this year include flyadeal, Riyadh Air, Diriyah Company, Aseer, BAAN Holding Group, Makkah Hotel & Towers, Alhussam Tourism, and StayKSA.
These exhibitors, along with many others, will be highlighted in a dedicated Saudi Land hall, an expanded version of last year’s ATM Saudi Village, which will be representative of the Saudi Arabian culture, heritage and tourism, while reflecting the upward trajectory of the Kingdom’s travel industry, which has seen Saudi Arabian exhibitor presence increase by 16% this year.
Recent research conducted by VIDEC, on behalf of ATM, has highlighted Saudi Arabia’s remarkable status as the largest and fastest-growing economy within the Gulf Cooperation Council (GCC) region. In 2023, Saudi Arabia’s Gross Domestic Product (GDP) reached an impressive USD 1.1 trillion, translating to a per capita GDP of USD 32,500. This positions the nation as one of the most significant and influential markets in the region.
The report further reveals that the contribution of the non-oil sector to the country’s GDP has increased substantially, reaching 63% in 2021. This represents a significant leap from 39% in 2000, indicating a strategic diversification of the economy away from reliance on oil revenues. Saudi Arabia also experienced a surge in inbound leisure tourists in 2023, growing from 1.12 million in 2019 to 6.2 million. Meanwhile, domestic travel grew from 48 million to 78 million in the same period.
Danielle Curtis, exhibition director ME, Arabian Travel Market, said: “Saudi Tourism Authority’s unwavering commitment to the event highlights the Kingdom’s rapid progress in establishing itself as a world-class tourism hub and reflects the broader momentum of investment, innovation and ambition that is driving the region’s travel sector forward. This year, ATM 2025 will have one of the strongest Saudi presences to date, with leading airlines, hospitality brands and cruise representation taking centre stage.”
VIDEC estimates that Saudi Arabia’s Total Air Market (TAM) will grow at a Compound Annual Growth Rate (CAGR) of 12.2%, reaching USD11.3 billion by 2028. With SAUDIA focusing on international expansion and new airline Riyadh Air aiming to connect the Kingdom with over 100 cities by 2030, the report predicts that this will have a significant impact on the international air travel market, which is expected to grow at a CAGR of 14.1% until 2028.
The report also outlines how Saudi Arabia’s hotel market accounted for 60% of the GCC’s hotel market in 2024, emphasising its dominant position in the region. Hotel bookings are predominantly driven by the domestic market, which accounts for approximately 70% of the Gross Booking Value (GBV). With 40,000 hotels under development, adding approximately 320,000 rooms, the Kingdom’s hotel market is set to accelerate further.
Saudi Arabia’s growing importance in the global travel industry will be explored during the ATM Conference Programme, which will unfold across three stages – the Global Stage, the Future Stage and the New Business Events Stage and will feature 68 sessions, led by 185 high-profile speakers.
Credit: timesaerospace
