Saudi Arabia Business Travel Market Overview
Market Size in 2024: USD 10.2 Billion
Market Forecast by 2033: USD 17.8 Billion
Market Growth Rate 2025-2033: 6.40%
According to IMARC Group’s latest research publication, “Saudi Arabia Business Travel Market Size, Share, Trends and Forecast by Type, Purpose Type, Expenditure, Age Group, Service Type, Travel Type, End User, and Region, 2025-2033”, the Saudi Arabia business travel market size reached USD 10.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 17.8 Billion by 2033, exhibiting a growth rate (CAGR) of 6.40% during 2025-2033.
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How AI is Reshaping the Future of Saudi Arabia Business Travel Market
- AI is personalizing business travel in Saudi Arabia, with 87% of travelers using AI tools like ChatGPT for trip planning, optimizing itineraries, and discovering activities.
- The Saudi Tourism Authority launched Sara, an AI-powered digital human travel companion, enhancing traveler assistance and personalized recommendations for seamless business trips.
- AI-driven platforms streamline corporate travel bookings, approvals, and expense tracking, resulting in up to 30% savings on travel costs and improved productivity for businesses.
- Riyadh Air’s partnership with Artefact employs AI to hyper-personalize guest experiences and optimize flight operations, creating seamless digital-first travel for business passengers.
- AI integration in biometric systems, IoT-enabled accommodations, and augmented reality enhances security, comfort, and immersive experiences, supporting Saudi Arabia’s Vision 2030 tourism goals.
Saudi Arabia Business Travel Market Trends & Drivers:
Saudi Arabia business travel market growth is booming, fueled by rising foreign direct investment (FDI), which grew 37% in Q3 2024. This surge stimulates demand for corporate travel as international companies expand, necessitating executive visits for project collaborations and regional headquarters management. The government’s Vision 2030 diversifies the economy, encouraging sectors like energy, construction, and tech, which directly increase business travel activities for meetings, conferences, and negotiations, reinforcing Saudi Arabia’s role as a key regional business hub.
The accelerating growth of technology and innovation sectors is a major catalyst for business travel in Saudi Arabia. The government fosters partnerships between local and global tech firms, leading to frequent travel for system integration, training, and product development. High-profile tech events and expos bring international experts for in-person knowledge transfer, thus increasing corporate travel demand. This trend aligns with investments exceeding USD 18 billion in technology expenditures and USD 752 billion in areas like AI and IoT, all enhancing travel requirements within the tech ecosystem.
Large-scale government infrastructure initiatives and mega projects such as NEOM and The Line are key growth drivers. They create a consistent flow of business travelers, including engineers, consultants, and investors, needing seamless access to premium hotels and business venues. Strategic improvements in transport infrastructure, new airports, and economic zones support this demand. Additionally, Saudi Arabia’s active hosting of global conferences and summits elevates its status as a MICE hub, encouraging business travel through enhanced visa processes and dedicated travel services tailored to corporate needs.
Saudi Arabia Business Travel Industry Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Managed Business Travel
- Unmanaged Business Travel
Purpose Type Insights:
- Marketing
- Internal Meetings
- Trade Shows
- Product Launch
- Others
Expenditure Insights:
- Travel Fare
- Lodging
- Dining
- Others
Age Group Insights:
- Travelers Below 40 Years
- Travelers Above 40 Years
Service Type Insights:
- Transportation
- Food and Lodging
- Recreational Activities
- Others
Travel Type Insights:
- Group Travel
- Solo Travel
End User Insights:
- Government
- Corporate
- Others
Regional Insights:
- Northern and Central Region
- Western Region
- Eastern Region
- Southern Region
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Recent News and Developments in Saudi Arabia Business Travel Market
- August 2025: Saudi Arabia announced the completion of Phase 1 of the King Abdulaziz International Airport expansion in Jeddah, featuring dedicated business travel terminals and premium lounges, enhancing capacity for corporate travelers and international business delegations by 40%.
- July 2025: The Saudi Investment Ministry launched the “Business Gateway Initiative,” offering streamlined visa processes and dedicated concierge services for foreign investors and business travelers, reducing processing time from 72 hours to 24 hours for business visa applications.
- June 2025: Major international hotel chains including Marriott and Hilton opened new premium business hotels in Riyadh’s Financial District, adding over 2,000 rooms specifically designed for corporate travelers with advanced meeting facilities and co-working spaces.
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