Saudi Arabia's Hajj tourism industry enjoys rapid development with its value crossing US$ 171.41 billion in 2024. This value is likely to multiply to US$ 343.55 billion by 2034. The recently updated report hints toward a forecasted compound annual growth rate (CAGR) of 7.20% through 2034.
This remarkable expansion has several demand drivers. First, the growing number of pilgrims who take the Hajj pilgrimage each year results in larger demands for tourism services including accommodations, transportation and religious guidance.
There is also nationwide infrastructure and hotel building activities that meet the changing needs and expectations of today's pilgrims, thereby once again contributing costs to Hajj tourism services.
| Attributes | Details |
|---|---|
| Saudi Arabia Hajj Tourism Industry Value for 2024 | US$ 171.41 billion |
| Saudi Arabia Hajj Tourism Industry Value for 2034 | US$ 343.55 billion |
| Saudi Arabia Hajj Tourism Industry Forecast CAGR for 2024 to 2034 | 7.20% |
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| Historical CAGR (2019 to 2023) | 6.70% |
|---|---|
| Forecast CAGR (2024 to 2034) | 7.20% |
The industry climbed a steady CAGR from 2019 to 2023 at a 6.70% CAGR which indicates consistent growth. As per the latest report for 2024 to 2034, the CAGR is anticipated to rise slightly to 7.20%, which also reveals untapped opportunities available for hajj tourism providers.
Elements that play a role in the steep uptake of renewable energy include ongoing investment in infrastructure, technological advancements, government commitment as well as global promotion.
The tourism companies are set to improve accessibility, simplify service supply, and ultimately attract many pilgrims to Saudi Arabia so that the industry grows. In general, the outlook of Saudi Arabia`s Hajj tourism industry is considered to be optimistic, and prospects for long-term growth are available.
Principal Consultant
| Segment | Estimated Share in 2024 |
|---|---|
| International | 58.90% |
| 46 to 55 Years Age Group | 44.80% |
The latest report notes that 58.9% share belonged to foreigners who traveled to the country. This only shows how dominant and important Hajj pilgrimage is for Muslims worldwide as they come from different parts of the earth for religious reasons.
Companies more than the profit aspect, tend to deliver services to customers as Hajj brings together Muslims irrespective of national boundaries, creating a spiritual quest outside geographic borders. Various Hajj tour companies are responsible for promoting this segment. These companies offer discounts and packages to hajj tourists which enable them to perform hajj at best prices.
The middle age group of between 46 and 55 years emerged as the major segment in Hajj tourism with an approximate population rate of 44.8% in 2024. This age group enjoys financial stability that allows them to meet Hajj requirements; hence it is possible for them to undertake the journey.
Also, there is a possibility that established careers may provide opportunities for some people to go on such trips at their own convenience mainly during their holidays or vacation periods. Additionally, individuals in this stage of life may be driven by an increased desire for spiritual enrichment and deeper connection with their faith hence giving priority to the hajj experience.
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Saudi Arabia's hajj tourism sector witnesses increased competition. Other countries like Iran, Iraq, and Turkey, with large Muslim populations and important pilgrimage routes, may offer religious tourism alternatives centered on Islamic traditions. Nevertheless, these cities cannot imitate the essential rites performed in Mecca and Medina.
Competition takes place within Saudi Arabia Hajj service providers. Companies are trying to entice the pilgrims by providing good quality lodging, efficient transports and excellent customer service. Competition among these companies can help pilgrims to experience the latest in innovation, better services, and even lower prices.
With a spike in Muslim populations in regions like Southeast Asia and Africa, there is a good chance that the industry witness startups in during the period. Governments in these might give preference to infrastructure and services for their citizens in addition to Hajj so that the number of people traveling to Saudi Arabia for Hajj increases.
The companies like Mawasim and Al Bait Guests Pilgrim Services are adjusting their offers to the specific needs and wallets of pilgrims. This could be actualized through facilities for high-end range of accommodation, tours with emphasis on religious history, or programs for particular ethnic or linguistic groups.
Hajj Tourism Industry in Saudi Arabia Recent Developments
The Saudi Arabia hajj tourism industry is expanding at a CAGR of 7.20% between 2024 and 2034.
The package traveler segment dominates the industry.
Some companies are Flynn's Company LCC Accor KSA, Al Tala'a International Transportation Co. Limited, and Fly Dubai Saudi Arabia.
The Saudi Arabia hajj tourism industry is anticipated to surpass US$ 343.55 billion by 2034.
Saudi Arabia has strengthened its position in the tourism sector by topping the G20 in international tourist growth rate in 2023 compared to 2019.
1. Executive Summary 1.1. Saudi Arabia Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tour Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Tour Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Tour Type, 2024 to 2034 5.3.1. Domestic Tour 5.3.2. International Tour 5.4. Y-o-Y Growth Trend Analysis By Tour Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Tour Type, 2024 to 2034 6. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Consumer Orientation 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Consumer Orientation, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Consumer Orientation, 2024 to 2034 6.3.1. Men 6.3.2. Women 6.4. Y-o-Y Growth Trend Analysis By Consumer Orientation, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Consumer Orientation, 2024 to 2034 7. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tourist Type 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Tourist Type, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Tourist Type, 2024 to 2034 7.3.1. Independent Traveler 7.3.2. Tour Group 7.3.3. Package Traveler 7.4. Y-o-Y Growth Trend Analysis By Tourist Type, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Tourist Type, 2024 to 2034 8. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Age Group 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) Analysis By Age Group, 2019 to 2023 8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Age Group, 2024 to 2034 8.3.1. 26-35 Years 8.3.2. 36-45 Years 8.3.3. 46-55 Years 8.4. Y-o-Y Growth Trend Analysis By Age Group, 2019 to 2023 8.5. Absolute $ Opportunity Analysis By Age Group, 2024 to 2034 9. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023 9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034 9.3.1. Al Baha 9.3.2. Al Jawf 9.3.3. Al Madinah 9.3.4. Aseer 9.3.5. Eastern province 9.3.6. Ha'il province 9.3.7. Saudi Arabia 9.4. Market Attractiveness Analysis By Region 10. Al Baha Market Analysis 2019 to 2023 and Forecast 2024 to 2034 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Tour Type 10.2.2. By Consumer Orientation 10.2.3. By Tourist Type 10.2.4. By Age Group 10.3. Market Attractiveness Analysis 10.3.1. By Tour Type 10.3.2. By Consumer Orientation 10.3.3. By Tourist Type 10.3.4. By Age Group 10.4. Key Takeaways 11. Al Jawf Market Analysis 2019 to 2023 and Forecast 2024 to 2034 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Tour Type 11.2.2. By Consumer Orientation 11.2.3. By Tourist Type 11.2.4. By Age Group 11.3. Market Attractiveness Analysis 11.3.1. By Tour Type 11.3.2. By Consumer Orientation 11.3.3. By Tourist Type 11.3.4. By Age Group 11.4. Key Takeaways 12. Al Madinah Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Tour Type 12.2.2. By Consumer Orientation 12.2.3. By Tourist Type 12.2.4. By Age Group 12.3. Market Attractiveness Analysis 12.3.1. By Tour Type 12.3.2. By Consumer Orientation 12.3.3. By Tourist Type 12.3.4. By Age Group 12.4. Key Takeaways 13. Aseer Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Tour Type 13.2.2. By Consumer Orientation 13.2.3. By Tourist Type 13.2.4. By Age Group 13.3. Market Attractiveness Analysis 13.3.1. By Tour Type 13.3.2. By Consumer Orientation 13.3.3. By Tourist Type 13.3.4. By Age Group 13.4. Key Takeaways 14. Eastern province Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Tour Type 14.2.2. By Consumer Orientation 14.2.3. By Tourist Type 14.2.4. By Age Group 14.3. Market Attractiveness Analysis 14.3.1. By Tour Type 14.3.2. By Consumer Orientation 14.3.3. By Tourist Type 14.3.4. By Age Group 14.4. Key Takeaways 15. Ha'il province Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Tour Type 15.2.2. By Consumer Orientation 15.2.3. By Tourist Type 15.2.4. By Age Group 15.3. Market Attractiveness Analysis 15.3.1. By Tour Type 15.3.2. By Consumer Orientation 15.3.3. By Tourist Type 15.3.4. By Age Group 15.4. Key Takeaways 16. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 16.2.1. By Country 16.2.2. By Tour Type 16.2.3. By Consumer Orientation 16.2.4. By Tourist Type 16.2.5. By Age Group 16.3. Market Attractiveness Analysis 16.3.1. By Country 16.3.2. By Tour Type 16.3.3. By Consumer Orientation 16.3.4. By Tourist Type 16.3.5. By Age Group 16.4. Key Takeaways 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Tour Type 17.3.3. By Consumer Orientation 17.3.4. By Tourist Type 17.3.5. By Age Group 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Fly Dubai Saudi Arabia 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.2. Flynn's Company LCC Accor KSA 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.3. Al Tala'a International Transportation Co. Limited 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.4. Al Tayyar Travel Group 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.5. Zamil Travel 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.6. Avis Saudi Arabia 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.7. Zahid Travel Group 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.8. Boudl Hotels & Resorts 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.9. Wyndham Hotel Group Saudi Arabia 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.10. Budget ‘Rent a Car’ Saudi Arabia 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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Saudi Arabia Hajj Tourism Industry
