Arab News, Sat, Oct 26, 2024 | Rabi al-Thani 23, 1446
Wellness tourism – a rising force in Saudi Arabia’s Vision 2030
Saudi Arabia:
Saudi Arabia is rapidly positioning itself as a
global leader in wellness tourism, a sector that promises significant economic
returns while aligning with the Kingdom’s Vision 2030.
With the market expected to reach $1.1 trillion by
2025, the Kingdom is strategically focusing on this burgeoning industry to
diversify its economy and enhance the quality of life for residents and
visitors, a report by Red Sea Global highlighted.
The rise of wellness tourism in Saudi Arabia
reflects a broader transformation within the Kingdom as it seeks to establish
itself as a premier destination for global travelers seeking health, well-being,
and cultural enrichment.
Wellness tourism: A lucrative market
The global wellness industry, currently valued at
$5.6 trillion, is projected to grow to $8.5 trillion by 2027.
This growth is being driven by an increasing
global focus on fitness and well-being, particularly in the wake of the COVID-19
pandemic, which has heightened awareness around the importance of physical and
mental health.
Within this expansive market, wellness tourism
alone was valued at $436 billion in 2020 and is expected to grow at an annual
rate of 21 percent by 2025.
This rapid growth underscores the significant
opportunities that this industry presents for countries such as Saudi Arabia,
which are keen to diversify their economies beyond oil.
The Kingdom is harnessing this growth to drive
tourism’s contribution to the national GDP, a key objective under Vision 2030,
which aims to increase its share of the economy from 3 percent to 10 percent by
the end of the decade.
The Kingdom’s focus on wellness tourism is not
just about capitalizing on a lucrative market but also about transforming the
overall landscape by offering unique, high-quality experiences that cater to
this growing global demand.
Speaking to Arab News, Fahad Mushayt, CEO of the
Saudi Tourism Investment Co., also known as ASFAR, emphasized the economic
potential of this sector, saying: “International wellness tourists spend, on
average, 35 percent more than traditional leisure travelers. This is a market
segment that we cannot afford to ignore as we aim to welcome over 150 million
visitors by 2030.”
This higher spending is crucial for driving the
Kingdom’s tourism revenues, particularly as it seeks to attract high-spending
international visitors who are increasingly looking for destinations that offer
more than just relaxation. Travelers are seeking comprehensive wellness
experiences that combine physical, mental, and spiritual well-being.
Economic impact and Vision 2030
The substantial investments in wellness tourism
are a critical component of Vision 2030, which seeks to reduce the Kingdom's
reliance on oil.
The growth of wellness tourism is expected to play
a pivotal role in increasing the broader sector’s contribution to non-oil GDP,
thus supporting broader reforms that are designed to make the Kingdom more
resilient in the face of global economic fluctuations.
Shahbaz Tufail, executive vice president of DAR
Engineering, told Arab News: “The ongoing development of new entertainment
options, as well as aligning value and service propositions to the international
travel palette, clearly demonstrates the intent of Vision 2030.
“To appeal to a broader audience, providers must
align with global hospitality and travel trends such as ecotourism, wellness,
smart hotels, sustainability, and AI.”
The development of luxury wellness resorts, such
as those in Riyadh and the Red Sea region, is a key strategy to attract high-end
tourists.
Riyadh’s visitation targets, for example, are
projected to more than double from 13.6 million in 2022 to 27.4 million by 2030,
driven by the expansion of wellness-focused hospitality offerings.
These figures highlight the Kingdom’s ambitious
plans to not only increase the number of visitors but also to enhance the
quality of their experiences, ensuring that Saudi Arabia becomes a destination
of choice for wellness travelers from around the world.
The focus on this form of tourism is also expected
to generate significant employment opportunities, particularly in the
hospitality, healthcare, and wellness sectors.
As the Kingdom continues to develop its wellness
tourism infrastructure, it will require a skilled workforce to meet the demands
of this growing industry.
This will not only create jobs but also contribute
to the development of a more diverse and knowledge-based economy, in line with
the objectives of Vision 2030.
Meeting global wellness trends
Saudi Arabia is not only responding to global
wellness trends but also setting new benchmarks.
The growing demand for retreats that focus on
mental health, advanced diagnostic services, and culturally immersive wellness
experiences is being met with innovative offerings across the Kingdom.
AMAALA, for instance, integrates traditional
healing practices with modern wellness technologies, appealing to travelers
seeking authenticity and luxury.
This combination of tradition and innovation is a
key strength of Saudi Arabia’s wellness tourism sector, offering visitors unique
experiences that cannot be found elsewhere.
AMAALA also offers family-friendly wellness
programs, which are becoming increasingly popular as more people look for travel
experiences that promote health and well-being for their loved ones as well as
themselves.
Men-specific retreats are also gaining traction,
reflecting a broader shift towards inclusivity in this market. These offerings
ensure that Saudi Arabia remains a competitive destination in the global
wellness industry, appealing to diverse demographics and ensuring it becomes a
significant driver of the Kingdom’s economic growth.
Strategic developments in wellness tourism
Saudi Arabia’s commitment to wellness tourism is
evident in flagship projects like AMAALA and the Red Sea, developed by Red Sea
Global, known as RSG.
These projects are part of a broader strategy to
position the Kingdom as a global leader in luxury and sustainable tourism.
AMAALA, situated on the northwest coast, is set to
become the Kingdom’s premier wellness hub, focusing on luxury and
sustainability.
By 2040, the project aims to deliver a 30 percent
net conservation benefit to local ecosystems, showcasing its commitment to
environmental stewardship. This commitment to sustainability is a key
differentiator for Saudi Arabia’s wellness tourism sector, setting it apart from
other global destinations.
The economic impact of these projects is
significant. With 79 hotels planned across the Red Sea and AMAALA, these
destinations are projected to contribute SR33 billion ($8.79 billion) annually
to the Kingdom’s economy upon completion.
Covering a combined area of more than 32,000 sq.
km, these projects are not only about luxury but also about sustainability.
The Red Sea destination is entirely off-grid,
powered by 760,000 solar panels, and the project is scheduled for full
completion by 2030.
The scale of these developments reflects the
Kingdom’s broader vision to lead in sustainable tourism, setting new benchmarks
in environmental responsibility while attracting an international audience.
As the global wellness tourism sector continues to
grow, Saudi Arabia is well-placed to capitalize on this trend, driving economic
growth, creating jobs, and enhancing the quality of life for its citizens and
visitors alike.