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Tourism Sector Highlights

The Report: Saudi Arabia 2022

Tourism Analysis

Saudi Arabia is rolling out a broad range of tourism offerings across the country as a central part of its Vision 2030 national transformation strategy. Following the launch of the tourist visa programme in September...

Tourism Sector Analyses

Overview

Saudi Arabia’s ambitious tourism projects attract foreign investment

Saudi Arabia is rolling out a broad tourism offering across the country as a central part of its Vision 2030 national transformation strategy. Following the launch of the tourist visa programme in September 2019 and the subsequent downturn associated with the Covid-19 pandemic, 2021 and 2022 have featured an ambitious calendar of events ranging from the Formula 1 Grand Prix, to arts and cultural festivals.

Saudi Arabia is positioning itself as the next leader in tourism

As part of its long-term plans for economic diversification away from hydrocarbons, Saudi Arabia has set far-reaching goals for the development of its tourism sector. It seeks to achieve 100m domestic and international tourist trips per year, a significant target when compared to global benchmarks. For comparison, France, the global leader in international tourist arrivals, received 90m international visitors in 2019.

Interview

John Pagano, Group CEO, The Red Sea Development Company

On harnessing sustainability to drive growth.

Analysis

How the global tourism industry is adopting sustainable practices

The global tourism industry – which accounted for 10% of GDP and 8% of global emissions in 2019 – is faced with the challenge of ensuring continued growth while working towards net-zero emissions goals. Several stakeholders in emerging markets and further afield offer useful case studies to understand what a decarbonised future for the industry could look like.

Overview

How Côte d’Ivoire is positioning itself as a tourism destination

Côte d’Ivoire aims to establish tourism as the third pillar of its economy with a target of attracting 5m foreign tourists per year and creating 700,000 jobs in the sector by 2025. These targets seek to build on the substantial gains the sector has made since the political and security situation stabilised in 2012.

The Report: Cote d'Ivoire 2022

Tourism Analysis

Côte d’Ivoire aims to establish tourism as the third pillar of its economy, with a target of attracting 5m foreign tourists per year and creating 700,000 jobs in the sector by 2025. These goals seek to build on...

Tourism in Emerging Markets

Economic Update

The innovations that could revitalise tourism in emerging markets

As emerging markets develop new attractions and tap into new visitor source markets, they are leveraging technology and sustainable development in line with emissions targets. Following sharp declines in 2020, international tourism figures rebounded in 2021 and were on track to reach approximately 65% of pre-pandemic levels in 2022.

Growth And Recovery Video

Report: The role of sustainability in post-pandemic tourism diversification in the Bahamas

Small island nations like the Bahamas that rely heavily on tourism revenue have experienced particular challenges when it comes to their post-pandemic recovery. However, development strategies based on sustainable approaches – including green, blue and orange economy initiatives – have the potential to generate reliable sources of revenue and value addition in the years ahead.

Economic Update

How can the tourism industry achieve net zero?

The global tourism industry – which accounted for 10% of GDP yet 8% of global emissions in 2019 – is faced with the challenge of ensuring continued growth while at the same time working towards net-zero emissions goals. Several stakeholders in emerging markets and further afield offer useful case studies to understand what a decarbonised future for the industry could look like.

Growth And Recovery Video

Video: How is Peru’s tourism agenda bolstering the sector's resurgence?

Explore how Peru is leveraging its tourism sector's development as a growth driver for the rest of the economy. Our new Growth & Recovery video, produced in partnership with the Commission for the Promotion of Peru for Exports and Tourism (Promperu), analyses the emergence of new drivers of growth and investment within Peru’s tourism sector.

Economic Update

Can border reopenings revive tourism in South-east Asia?

After 18 months of travel restrictions, a number of countries in South-east Asia have begun opening their borders to foreign visitors to stoke recovery in their respective tourism industries. In late September Thailand announced a four-phase plan to reopen the country by prioritising key tourist destinations. As of November 1 quarantine requirements will no longer apply to vaccinated travellers from 10 low-risk countries – among them China, Germany, Singapore, the UK and the US – while various different parts of the country will open to tourism from October through to January.

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