TOURISE Summit Ignites $113B in Global Tourism Investments
The inaugural TOURISE Summit in Riyadh has unveiled a monumental $113 billion in investment portfolios to expedite global tourism evolution and sustainable growth. This three-day summit, held under the patronage of Crown Prince Mohammed bin Salman, concluded on November 13 at the King Abdulaziz International Conference Center.
The investments encompass a wide range of sectors including luxury retail, next-generation hotel accommodation, integrated experience-led developments, wellness destinations, and AI-powered tourism platforms. Major companies that participated include Melia Hotels, BWH Hotels, GOCO Hospitality, Radisson, and Earth Hotels.
According to Tourism Minister Ahmed Al-Khateeb, “TOURISE has been the catalyst that brings investors, policymakers, and innovators to the same table, turning vision into bankable partnerships and high-impact deals.”
The initiative is set to reshape the traveler economy over the next 50 years through strategic partnerships and sustainable practices.
Source: www.spa.gov.sa