About Subscribe Submit news Get in touch
 
Home Opinion In depth Video LIVE news Interviews Company profiles Events diary Jobs
Middle East’s leisure and entertainment industry predicted to hit US$14bn by 2028 as experience economy surges | Planet Attractions
     



Middle East’s leisure and entertainment industry predicted to hit US$14bn by 2028 as experience economy surges

A post-pandemic surge in tourist arrivals to the Middle East is fuelling a shift towards experiences over products, with destinations such as the upcoming Six Flags Qiddya and the SEVEN entertainment destinations predicted to net the region a combined US$14bn (€12.79bn, £11.89bn) annually by 2028.






A post-pandemic surge in tourist arrivals to the Middle East is fuelling a shift towards experiences over products, with destinations such as the upcoming Six Flags Qiddya and the SEVEN entertainment destinations predicted to net the region a combined US$14bn (€12.79bn, £11.89bn) annually by 2028.

A surge in footfall at theme parks, waterparks and other visitor attractions have contributed to a doubling of international visitors in Saudi Arabia alone compared to those pre-pandemic. Around 30 million people now visit the kingdom each year, with the UAE following closely in second with 25 million visitors.

According to the study by RedSeer, the MENA leisure and entertainment sector is expected to see about 250 million visitors by 2028, with Saudi Arabia in particular investing in one of the fastest-growing leisure and entertainment markets in the world. For the kingdom alone, 85 million visitors will contribute around US$5bn (€4.57bn, £3.96bn) to the country’s economy in 2028.

Beyond ticketed experiences, F&B offers the largest financial opportunity for the MENA region, while souvenir merchandise has been predicted to be worth around US$350m (€320.2m, £277.3m) a year.

More from Arabian Business


Live

 

Nominations open for UK Theme Park Awards 2024





Florence’s Ponte Vecchio to undergo £1.7m restoration





Europa-Park’s record-breaking Voltron Nevera opens to the public




Industry insights



Maximising ROI: Revenue strategies for operators



Video



Disneyland Paris renames park ahead of €2bn expansion


In Depth



Storm surge: How Chimelong Spaceship’s award-winning and record-breaking Bermuda Storm was brought to life



© Kazoo 5 Limited 2024
About Subscribe Get in touch
 
Opinion In depth Interviews
LIVE news Profiles Diary Video
Jobs
Middle East’s leisure and entertainment industry predicted to hit US$14bn by 2028 as experience economy surges | Planet Attractions


Middle East’s leisure and entertainment industry predicted to hit US$14bn by 2028 as experience economy surges

A post-pandemic surge in tourist arrivals to the Middle East is fuelling a shift towards experiences over products, with destinations such as the upcoming Six Flags Qiddya and the SEVEN entertainment destinations predicted to net the region a combined US$14bn (€12.79bn, £11.89bn) annually by 2028.






A post-pandemic surge in tourist arrivals to the Middle East is fuelling a shift towards experiences over products, with destinations such as the upcoming Six Flags Qiddya and the SEVEN entertainment destinations predicted to net the region a combined US$14bn (€12.79bn, £11.89bn) annually by 2028.

A surge in footfall at theme parks, waterparks and other visitor attractions have contributed to a doubling of international visitors in Saudi Arabia alone compared to those pre-pandemic. Around 30 million people now visit the kingdom each year, with the UAE following closely in second with 25 million visitors.

According to the study by RedSeer, the MENA leisure and entertainment sector is expected to see about 250 million visitors by 2028, with Saudi Arabia in particular investing in one of the fastest-growing leisure and entertainment markets in the world. For the kingdom alone, 85 million visitors will contribute around US$5bn (€4.57bn, £3.96bn) to the country’s economy in 2028.

Beyond ticketed experiences, F&B offers the largest financial opportunity for the MENA region, while souvenir merchandise has been predicted to be worth around US$350m (€320.2m, £277.3m) a year.

More from Arabian Business


 



© Kazoo 5 Limited 2024