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The outbound family travel market will grow at a Compound Annual Growth Rate (CAGR) of 4.6 percent from 300 million trips in 2017 to 376 million in 2022, according to GlobalData, a leading data and analytics company.
Family and multi-generational travel is a rapidly expanding tourist segment within the global tourism industry and with a number of Saudis willing to explore new destinations outside their comfort zones, there are substantial opportunities for businesses outside the Middle East, according to GlobalData, a leading data and analytics company.