Latest News

Back to Latest News back

 

Saudi Arabia earns $16.5 billion from religious tourism

Saudi Arabia earns $16.5 billion from religious tourism
February 28, 2013

Saudi Arabia, the world's largest oil exporter, earned about SAR62 billion (US$16.5 billion) from the annual pilgrimage rituals of Hajj and Umrah in 2012, a 10% increase from the previous year, Arab News reported.

The revenue from the pilgrims to the holy city of Makkah, Medina and other religious sites in the Kingdom, accounts for about 3% of Saudi Arabia's gross domestic product, the Jeddah-based newspaper said.

More than 7 million pilgrims visit Saudi Arabia's holy sites every year with religious tourists spending about US$10,000 per visit.

Buoyed by high oil prices, the Kingdom, which has the largest economy in the Arab world, is spending US$219 billion this year on education, healthcare, social benefits and infrastructure.

The Government is also encouraging the private sector to invest in expanding the tourism and hospitality industry in the holy city of Makkah in a bid to create more jobs.

Tourism is the second largest industry in the country to employ Saudis, accounting for 8% of total jobs in the country, according to the Saudi Commission for Tourism and Antiquities.

The Kingdom is forecast to have 343,000 hotel rooms by 2015, up from 250,000 in 2011, according to Business Monitor International.

Saudi Arabia's economy is set to slow this year to an estimated 4.2% from about 6% in 2012, according to International Monetary Fund projections.

20th August 2012 - ASIA PREPARES FOR MUSLIM TRAVEL BOOM 

12th May 2012 - $1.5 MILLION BACKING FOR ISLAMIC MUSEUM OF AUSTRALIA

2nd February 2011 - SNOW VILLAGE PLANNED FOR SAUDI ARABIA

31st March 2010 - NEW ONLINE GUIDE LAUNCHED FOR ‘HALAL’ TRAVELLERS


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Rae-Line

Sports Padding At Rae-Line we manufacture high quality sports padding, gym mats, foam mats and protective padding, suitable for a range of different facilities. Our sports padding is…

read more

Attractions / Fitness / Recreation / Safety / Sport

 
 

Jonas Leisure

JonasLeisure offers a complete range of leading leisure and recreation software brands – envibe, Centaman, Gladstone Health & Leisure, The Retention People, Nutrition Complete and…

read more

Aquatics / Billing / Fitness / Recreation / Sport

 
 

AlphaFit

AUSTRALIAN MADE. BUILT NOT BOUGHT. AlphaFit is a 100% Australian owned family company manufacturing gear specifically for the strength and conditioning, functional fitness and high-performance…

read more

Fitness / Recreation / Sport / Technology / Wellness

 
 

Fitness On Demand

Fitness On Demand™ is a market-leading developer of virtual group fitness products. Our innovative video delivery systems offer robust content and a simple-to-use, comprehensive web app. Fitness…

read more

Fitness / Technology / Wellness

 
 

Crystal Pools

Crystal Pools has a solid history of performance on a wide variety of government and commercial projects and is the name behind many of Australia’s most innovative and ambitious aquatic…

read more

Aquatics / Design

 
 

DEBITSUCCESS

Over the past 10 years Debitsuccess has been providing expert billing services to businesses across Australia. Debitsuccess is now the largest full service direct debit provider in Australasia,…

read more

Billing / Finance / Fitness / Golf / Recreation

 
 

SICO SOUTH PACIFIC

SICO is at the forefront in innovative mobile folding and rolling, space efficient tables, stages, dance floors and many other products which help our customers optimise their use of space. Image…

read more

Entertainment / Events / Venues

 
 

TouchCloud Global

Activating skyscapes for tourism, art, leisure and living TouchCloud Global (TCg) is a highly specialised international consultancy, broker and principal, devoted solely to activating and energising…

read more

Attractions / Consultants / Recreation / Safety / Tourism

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business