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Saudi travel bookings surge in early 2025 with growth in regional demand: report

Saudi travel bookings surge in early 2025 with growth in regional demand: report
Popular regional destinations for Saudi travelers included Dubai, Doha, Cairo, and Manama. Getty
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Updated 29 April 2025

Saudi travel bookings surge in early 2025 with growth in regional demand: report

Saudi travel bookings surge in early 2025 with growth in regional demand: report

RIYADH: Saudi travel bookings surged in the first quarter, 2025, with regional demand up 14 percent driven by mobile-first convenience, flexible payments, and value-focused accommodations, a new report showed. 

Released by Almosafer, a Saudi travel firm under Seera Group, the report also highlighted a rise in international bookings, with a 11 percent year-on-year increase. 

Domestic reservations grew by 4 percent annually, along with strong expansion in the Middle East and North Africa region and long-haul international travel. 

The findings reflect a shift in Saudi travelers’ preferences, as they increasingly explore both local and global destinations, with a growing emphasis on adaptability, ease of booking, and affordability. 

This comes as º£½ÇÖ±²¥â€™s airports handled 128 million passengers in 2024, a 45.8 percent increase since the launch of Vision 2030 in 2016, according to the Kingdom’s latest annual report on the initiative.  

Muzzammil Ahussain, CEO at Almosafer, said: “The continued growth in travel demand across domestic, regional, and international markets reflects a robust appetite and confidence for exploration among Saudi travelers.â€Â 

He added: “We’re seeing a clear shift toward value, flexibility, and personalized experiences, whether it’s through choosing alternative accommodations, mixing and matching flight options, or leveraging mobile-first payment methods like Apple Pay and flexible options like buy now, pay later.â€Â 

The report noted that flight bookings grew across all markets, with the MENA region leading at a 12 percent increase, while international flights rose by 5 percent.  

Room nights booked for domestic stays surged by 14 percent, and international trips climbed 13 percent.  

Saudi travelers are benefiting from a wave of local tourism initiatives and enhanced international airline connectivity. 




Cairo proved a popular destination for Saudi travelers. Shutterstock

Government-backed events and infrastructure projects are fueling domestic exploration, while expanded flight routes and eased visa policies are making global travel more accessible. 

Almosafer noted that the strong demand for domestic stays was fueled by a growing range of events and unique experiences within the Kingdom.  

Payment preferences shifted notably, with BNPL options representing 25 percent of all bookings, up from 14 percent the previous year, the findings showed.  

Popular regional destinations for Saudi travelers included Dubai, Doha, Cairo, and Manama. 

For longer-haul travel, Istanbul, London, Paris, and Phuket remained top choices, while newer destinations like Bangkok, Amman, and Milan as well as Moscow, Madrid, and Prague also gained traction. 

Domestically, cities such as Makkah, Jeddah, and Riyadh, as well as Alkhobar, and Madinah dominated, alongside rising interest in Taif, AlUla, and the Red Sea, the report showed. 

Saudi traveler profiles also evolved, with solo travelers representing 53 percent of flight segments, particularly toward long-haul destinations.  

Family trips major driver

Family travel accounted for 16 percent of flight segments but saw a 23 percent increase in the average trip length within the MENA region.  

Families were a major driver behind the 22 percent rise in domestic stays, while solo traveler stays beyond the region grew by 23 percent. 

In the air travel segment, full-service carriers grew in the domestic market by 24 percent year on year, while low-cost carriers saw a 6 percent decline.  

Within the MENA region, both full-service and low-cost carriers experienced growth. For international long-haul travel, low-cost carrier volumes surged by 35 percent amid the launch of new routes, even as full-service carrier volumes fell by 8 percent. 

Booking flexibility became a notable trend, with 24 percent of travelers opting to mix and match airlines for round-trip journeys.  

Accommodation preferences also diversified, with more than 75 percent of room nights booked in 4- and 5-star hotels.  

However, 3-star and below properties saw a 12 percent rise in international bookings, and bookings for serviced apartments and holiday homes increased by 15 percent in the MENA region and 21 percent beyond, reflecting growing demand for value-driven options. 

Alternative accommodations accounted for 8 percent of total room nights, offering an average 37 percent savings per night compared to hotel stays. This shift is particularly evident among international travelers seeking flexibility and affordability. 


PIF, UKEF sign MoU for up to $6.8bn to promote UK firms’ engagement in Saudi market

PIF, UKEF sign MoU for up to $6.8bn to promote UK firms’ engagement in Saudi market
Updated 6 sec ago

PIF, UKEF sign MoU for up to $6.8bn to promote UK firms’ engagement in Saudi market

PIF, UKEF sign MoU for up to $6.8bn to promote UK firms’ engagement in Saudi market

JEDDAH: UK companies are set to gain from a $6.8 billion Saudi project pipeline under a partnership between the UK export credit agency and the Kingdom’s Public Investment Fund.

PIF and UK Export Finance, or UKEF, have signed a memorandum of understanding to strengthen financial cooperation and expand trade and investment opportunities between the UK and º£½ÇÖ±²¥, according to a joint statement.

Through the MoU, the agency will partner with PIF and its portfolio companies to access a pipeline of existing and prospective projects that, “if backed with UKEF financing, will offer numerous supply contracts for UK-based suppliers,†the release said. 

º£½ÇÖ±²¥ and the UK are deepening economic ties, with bilateral trade reaching $21.6 billion in 2023 and a joint target of $37.5 billion by 2030, supported by ongoing UK GCC Free Trade Agreement talks and the UK’s GREAT Futures campaign.

Investment flows remain robust, with º£½ÇÖ±²¥ investing more than $21 billion in the UK since 2017, including $3.5 billion in the northeast, while UK foreign direct investment in the Kingdom reached $13 billion by 2023.

The agreement will also make it more attractive for companies within PIF’s ecosystem to procure goods and services from UK contractors.

Fahad Al-Saif, PIF’s head of global capital finance and investment strategy and economic insights, said that the MoU reflects PIF’s strong partnerships with a wide group of leading global financial institutions.

“This collaboration will further enable our portfolio companies to access international capital and expertise and deliver transformative projects that contribute to sustainable economic growth in line with Vision 2030,†he added.

Tim Reid, UKEF CEO, commented that º£½ÇÖ±²¥â€™s ambitious Vision 2030 program presents significant economic opportunities for British businesses.

“Through this landmark signing, we are not just opening doors – we are creating a gateway that will provide valuable new supply contracts, driving substantial economic growth across both our nations,†he said.

Reid said the partnership underscores the UK’s commitment to supporting British exporters in one of the world’s most dynamic markets, while contributing to the infrastructure and innovation shaping º£½ÇÖ±²¥â€™s future.

The MoU also establishes a framework for closer cooperation between PIF and UKEF, allowing them to share business experience, identify mutually beneficial opportunities, and support portfolio companies in accessing global markets.

The Public Investment Fund is a leading global investor, driving º£½ÇÖ±²¥â€™s economic transformation and shaping key sectors, with ratings of Aa3 from Moody’s and A+ from Fitch.

UK Export Finance, the country’s export credit agency, helps exporters manage risk and access financing, providing a record £14.5 billion last year to support over 667 companies and 70,000 jobs.


Aramco agrees to take minority stake in PIF-backed AI firm Humain

Aramco agrees to take minority stake in PIF-backed AI firm Humain
Updated 18 min 8 sec ago

Aramco agrees to take minority stake in PIF-backed AI firm Humain

Aramco agrees to take minority stake in PIF-backed AI firm Humain

RIYADH: Energy giant Saudi Aramco has signed a non-binding term sheet to acquire a significant minority stake in Humain, the artificial intelligence company backed by the Public Investment Fund. 

The proposed deal will see both Aramco and PIF contribute AI-related assets, capabilities, and talent to help scale Humain’s operations and capture new value in the rapidly expanding data and AI sector, according to a joint statement from the companies. 

While financial details were not disclosed, PIF will retain majority ownership of Humain, ensuring continued strategic control and support. 

The transaction aligns with º£½ÇÖ±²¥â€™s broader goal of strengthening its AI capabilities as the Kingdom positions itself as a regional technology hub by the end of the decade. 

Yazeed A. Al-Humied, deputy governor and head of Middle East and North Africa Investments at PIF, said: “By combining PIF and Aramco’s AI assets under Humain, we are fueling AI talent, innovation and intellectual property, while aligning and accelerating future investment opportunities.†  

He added: “This development is aligned with PIF’s strategy by further strengthening º£½ÇÖ±²¥â€™s position as a globally competitive AI hub and places the country at the heart of reshaping the future of global AI.† 

Upon completion of the transaction, Aramco is expected to leverage Humain’s AI infrastructure to translate advanced capabilities into industrial applications, enhancing its global ecosystem and operations. 

“Aramco’s planned investment in Humain is expected to further strengthen our leadership in industrial AI applications and digital solutions, while accelerating the development of º£½ÇÖ±²¥â€™s AI infrastructure and driving national transformation,†said Amin H. Nasser, Aramco president and CEO.  

He added: “Aramco is well-positioned to capture opportunities from rising energy demand linked to AI growth, using advanced technologies to improve efficiency, reduce emissions, and sustain our competitive edge as one of the world’s leading integrated energy and chemicals companies.† 

Launched in May, Humain offers a range of AI products and services, including next-generation data centers, cloud capabilities, and advanced AI models and solutions. 

On Oct. 28, Humain CEO Tareq Amin told Asharq on the sidelines of the Future Investment Initiative conference that the company plans a dual listing on both the Saudi and New York stock exchanges within four years. 

He also revealed that Humain Chat, the company’s AI-powered assistant, has reached 300,000 active users in the Kingdom. 


Delta Airlines strengthens Saudi partnership ahead of Riyadh route launch

Delta Airlines CEO Ed Bastian speaks to Asharq Bloomberg on the sidelines of the Future Investment Initiative forum in Riyadh.
Delta Airlines CEO Ed Bastian speaks to Asharq Bloomberg on the sidelines of the Future Investment Initiative forum in Riyadh.
Updated 28 October 2025

Delta Airlines strengthens Saudi partnership ahead of Riyadh route launch

Delta Airlines CEO Ed Bastian speaks to Asharq Bloomberg on the sidelines of the Future Investment Initiative forum in Riyadh.
  • The collaboration comes as Delta prepares to inaugurate its first-ever direct flights between its Atlanta hub and Riyadh next October
  • Bastian explained that the initial focus will be on leveraging the Kingdom’s growing investment opportunities to attract business travelers

RIYADH: Delta Airlines has entered into a new partnership with º£½ÇÖ±²¥â€™s Ministry of Tourism aimed at boosting travel demand and raising awareness of the Kingdom in the US market, the carrier’s chief executive officer has confirmed.

The collaboration comes as Delta prepares to inaugurate its first-ever direct flights between its Atlanta hub and Riyadh next October, marking a key milestone in expanding its Middle East network.

Speaking to Asharq Bloomberg on the sidelines of the Future Investment Initiative forum in Riyadh, CEO Ed Bastian explained that the initial focus will be on leveraging the Kingdom’s growing investment opportunities to attract business travelers.

Looking ahead, Bastian said Delta also seeks to appeal to a new generation of American tourists drawn to º£½ÇÖ±²¥â€™s emerging destinations, including the Red Sea Project and the historic Diriyah district.

“The Kingdom has become an attractive destination for a new generation of travelers,†Bastian affirmed, noting a broader shift in how Western visitors perceive º£½ÇÖ±²¥ as a tourism destination.

Reinforcing its regional commitment, Bastian revealed that Delta has signed a memorandum of understanding with Riyadh Air. The preliminary deal establishes a framework for cooperation in areas such as codeshare flights and destination coordination.

The partnership is expected to evolve over time, expanding into joint efforts in operations, maintenance, and technology — signaling a deepening connection between the US and Saudi aviation sectors.


AI industry not like internet bubble era, says State Street Investment Management CEO

AI industry not like internet bubble era, says State Street Investment Management CEO
Updated 28 October 2025

AI industry not like internet bubble era, says State Street Investment Management CEO

AI industry not like internet bubble era, says State Street Investment Management CEO

RIYADH: One of the world’s leading asset management companies has played down fears the artificial intelligence sector is a bubble akin to the early days of the internet.

Speaking to Asharq Bloomberg on the sidelines of the Future Investment Initiative in Riyadh, Yie-Hsin Hung, president and CEO of State Street Investment Management, also flagged up infrastructure and real estate as areas set to deliver returns as reflected on the current business landscape.

When asked about concerns that AI may not be a sustainable investment, she replied: â€œIf you compare today’s big tech, compared to say the era of the internet bubble, you have companies today that are generating enormous amount of cash flow and able to deliver tremendous returns and I think the promise is there.â€

Reflecting on the upcoming meeting of the US Federal Reserve to discuss whether to cut interest rates, Hung struck a postive tone, saying: “We’re calling for 75 basis points of cuts which I think is pretty much the view for the full year, so another 25 after this one. We’d like to see another 75 basis points next year because we’re more worried about the labour market but if in fact the Fed doesn’t cut it would suggest the economy is pretty strong so on balance pretty optimistic.â€


FII9: Standard Chartered ‘very optimistic’ about º£½ÇÖ±²¥ amid investment boom — CEO

FII9: Standard Chartered ‘very optimistic’ about º£½ÇÖ±²¥ amid investment boom — CEO
Updated 28 October 2025

FII9: Standard Chartered ‘very optimistic’ about º£½ÇÖ±²¥ amid investment boom — CEO

FII9: Standard Chartered ‘very optimistic’ about º£½ÇÖ±²¥ amid investment boom — CEO

RIYADH: London-based Standard Chartered bank is ramping up operations in º£½ÇÖ±²¥ as it seeks to capture opportunities from the Kingdom’s rapid economic transformation, according to Group CEO Bill Winters. 

Speaking to Asharq Bloomberg on the sidelines of the Future Investment Initiative in Riyadh, Winters said the lender believes º£½ÇÖ±²¥ is going through a “fundamental investment boom†amid rapid economic change.

Winters’ comments underscore the key role international banks are playing in º£½ÇÖ±²¥â€™s Vision 2030, a strategic framework to diversify the economy away from oil dependence. 

“We’re very optimistic about Saudi,†Winters said. “We opened up a full bank ... have a full banking license in Saudi going back about five years, which we’re fully ramping up as we speak — building quite substantially in the Kingdom,†he said. 

The CEO added: “We’re quite fortunate in terms of timing that we were granted this license at a time when Saudi is going through such a fundamental investment boom and transformation.†

Winters emphasized that the bank aims to act as a bridge between international investors and Saudi companies expanding abroad, while also supporting the country’s evolving capital markets. 

“We’re in a position to bring international investors to Saudi to represent and to finance and provide services to Saudi companies going abroad, supporting trade flows in the region,†he said. 

Winters added: “We’re a leading issuer in the debt capital markets across the region and within the Kingdom, absolutely. The Kingdom has reformed tremendously. The financial markets are evolving quickly.†

The executive noted that the key challenge now is ensuring that sufficient funding — domestic and foreign — reaches º£½ÇÖ±²¥â€™s ambitious development pipeline. 

“The key now is to make sure that there’s enough money, either in the Kingdom, or coming from outside,†Winters said. “We have our own balance sheet, which we bring to bear in the Kingdom. We have very substantial exposures in the Kingdom.†

A key part of their strategy involves originating credit for major infrastructure projects, which are then channeled to non-bank investors such as private credit funds, insurance companies, and pension funds. 

Winters concluded by stressing that º£½ÇÖ±²¥â€™s growth ambitions can be met if the right capital connections continue to form. 

“There’s enough money in the world to fund the growth aspirations of Saudi,†he said. “What we need to do is connect it with the project, which is happening — but there’s no fast-growing major economy in the world that relies extraordinarily on banks.â€