1、THE HOSPITALITYINDUSTRYIN SAUDI ARABIASTATUS AND OUTLOOKCONTENTSThe Key TakeawaysIntroductionDefining the hospitality industryThe hospitality industry in Saudi ArabiaMapping the sub-sectorsGovernance and regulatory landscapeEconomic value of the hospitality industry in Saudi ArabiaThe industrys econ

2、omic contributionsEmployment contributionsInvestment contributionsThe Accommodation and Food Service sectorThe AFSA sectors employment contributionsThe AFSA sectors investment contributionsThe Arts,Entertainment,and Recreation sectorThe AER sectors employment contributionsThe AER sectors invesment c

3、ontributionsLooking AheadReferences030609121516182021222325272829323335STRATEGIC GEARS|THE HOSPITALITY INDUSTRY IN SAUDI ARABIA|02THE KEY TAKEAWAYSSTRATEGIC GEARS|THE HOSPITALITY INDUSTRY IN SAUDI ARABIA|03Despite the hospitality industrys increasing global significance,growing from$4.8 trillion in

4、2023 to an expected$11.7 trillion by 2029,the understanding and measuring of it remains subjective.The hospitality industry,at the most basic level,is a broad category of sectors within the service industry that traditionally provide services to people and partly intersect with tourism.As there is n

5、o universal convention on the subsectors that make up the hospitality industry,countries follow varied classification frameworks to monitor the industrys performance.Driven by diversification efforts,the growth rate of the hospitality industry in the GCC is outpacing the global average,with the form

6、er surpassing its pre-pandemic size.Among countries in the GCC,Saudi Arabia has made the largest rebound,with the hospitality industry in the Kingdom surpassing pre-pandemic GDP and employment contributions by nearly 30%and 37%,respectively.The industry is still expected to grow in the next half of