Dhaka, May 4 -- Saudi Arabia is planning to have 320,000 new hotel rooms by 2030 as the Kingdom ramps up efforts to accommodate 150 million domestic and international tourists annually, according to reports.

The massive expansion plan of the hospitality sector is in line with the Kingdom's goal of increasing its travel industry's economic contribution from six per cent to ten per cent by 2030, added reports.

It may be mentioned here, visitor spending in Saudi Arabia in the first half of 2023 reached USD 23.2 billion, a record 132 per cent increase from the period in 2022.

International arrivals also surged 142 per cent year-on-year to 14.6 million in the first six months of 2023.

While nearby Gulf nations like Bahrain, Kuwait and Egyp...