Hajj Tourism In Saudi Arabia Is All Set To Become US$350 Billion Market By 2032

by Ishita Agarwal
Hajj Tourism In Saudi Arabia Is All Set To Become US$350 Billion Market By 2032

According to a recent analysis from Future Industry Insights, the Saudi Arabia Hajj tourism market expect to see a CAGR of +7% over the next 10 years. According to the estimated development path, the sector would generate US$150 billion in tourist sales this year and US$350 billion by 2032. Let’s know more about Hajj – a religious pilgrimage. 

All About Hajj Religious Pilgrimage in Mecca

The Hajj is an annual religious journey that millions of people from both local and foreign countries make to Mecca. It is the holiest city for Muslims and the site of many magnificent buildings. In addition to being a tourist attraction, Mecca is a religious duty for certain Muslims. All adult Muslims who are physically and financially capable must make the journey at least once. Mecca located in a small valley 277 metres (909 feet) above sea level, 70 kilometres (43 miles) inland from Jeddah on the Red Sea. 

 

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Saudi Arabia Vision 2030 Initiative To Increase The Tourism In The Area 

The Saudi Vision 2030 plan, is a tremendously ambitious strategic framework to lessen the Kingdom’s dependency on oil and diversify its economy. Therefore, contributes to the predicted increase in tourism. According to Future Market Insights, this will considerably aid in developing the Hajj tourist industry.

The Abraj Kudai Hotel, now under construction, is one example of the huge effort to build Hajj-friendly hotels in Mecca.

When finished, it will be the biggest hotel in the world, with a ring of 12 towers that are 45 stories tall. Moreover, a split between four and five-star hotels, 10,000 rooms, 70 restaurants, and four rooftop helipads. The Saudi royal family will have exclusive usage of five storeys. Muslim pilgrims travel to Europe from the UK, Turkey, Albania, Azerbaijan, Bosnia & Herzegovina, and Kosovo. 

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