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Learn moreSep 2017
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Online travel sales to residents grew by a strong 14% in 2017 – faster than offline sales. Internet penetration is relatively high and growing in Saudi Arabia and the population is becoming more used to the idea of making purchases online, especially as this channel offers time and money savings. The category is also being boosted by company activities, with lodging players, airlines and intermediaries shifting their focus to the online channel, as it helps them reduce costs and allows them to reach consumers directly, thus enabling them to customise packages to customers’ needs. Airlines direct online sales to residents grew in 2017, with current value sales rising by 17%. As the travel industry is recovering from 2016’s slow economic growth within the Kingdom, along with changing lifestyles leading more consumers to prefer low-cost carriers over scheduled airlines for domestic trips, significant growth in airlines direct online sales to residents is anticipated over the forecast period.
Over the forecast period, online travel sales to residents is expected to yield a value CAGR of 8% at constant 2017 prices, and reach SAR22.0 billion in 2022. Mobile travel sales to residents is set to perform even better, with a value CAGR of 28% at constant 2017 prices being predicted, which would take sales to SAR5.9 billion in 2022.
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Discover the latest market trends and uncover sources of future market growth for the Online Travel Sales to Country Residents industry in Saudi Arabia with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
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This industry report originates from Passport, our Travel And Tourism market research database.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.