ANI
04 Apr 2025, 04:31 GMT+10
Riyadh [Saudi Arabia], April 4 (ANI/WAM): Saudi Arabia's tourism sector achieved a record surplus in the 2024 travel account, reaching SAR 49.8 billion, a 7.8% increase over 2023, according to a Tourism Ministry press release.
The release, carried bythe Saudi Press Agency (SPA), said that this surge was fueled by a 13.8% increase in inbound visitor spending compared to 2023, reaching an estimated SAR 153.6 billion in 2024, based on preliminary balance of payments data from the Saudi Central Bank.
The ministry attributed the significant growth in the 2024 travel account surplus to collaborative efforts within the Saudi tourism ecosystem, aimed at strengthening the industry and its contribution to national economic growth. 'This success also reflects the effective implementation of best practices in tourism development, enhanced services and products, and strong government collaboration, all advancing the goals of Saudi Vision 2030,' said the release. (ANI/WAM)
Get a daily dose of International Travel News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Travel News.
More InformationNEW YORK, New York - U.S. stock markets plunged on Thursday in reaction to major trade tariffs announced by U.S. President Donald Trump....
ENGLEWOOD, Colorado: Boeing's high-stakes auction of its navigation unit Jeppesen has entered its final stages, drawing intense interest...
HANOI, Vietnam: Brazil's largest meatpacker JBS is making a bold move into Southeast Asia, betting on Vietnam as a strategic hub for...
CHICAGO, Illinois: U.S. beef exports to China have experienced a sudden slowdown, as a lapse in Chinese regulatory approvals and ongoing...
NEW YORK, New York - U.S,. stocks made good gains Wednesday despite the euphoria of the Trump trade tariffs, expected to be unveiled...
CAPE CANAVERAL, Florida: After a rocky debut marked by a critical system malfunction, NASA and Boeing are moving forward with testing...
ENGLEWOOD, Colorado: Boeing's high-stakes auction of its navigation unit Jeppesen has entered its final stages, drawing intense interest...
WASHINGTON, D.C.: Boeing is now heading to trial this summer, after a U.S. judge unexpectedly set a date in the criminal fraud case...
Riyadh [Saudi Arabia], April 4 (ANI/WAM): Saudi Arabia's tourism sector achieved a record surplus in the 2024 travel account, reaching...
Abu Dhabi [UAE], April 4 (ANI/WAM): The 17th edition of Abu Dhabi Art will take place from 19 to 23 November at Manarat Al Saadiyat....
(250403) -- LONDON, April 3, 2025 (Xinhua) -- Hunan governor Mao Weiming (at the podium) delivers a speech during a culture and tourism...
Gandhinagar (Gujarat) [India], April 4 (ANI): Gujarat Chief Minister Bhupendra Patel stated that Prime Minister Narendra Modi has realized...