|07 November, 2019

Kuwait’s spending on foreign tourism rises 31% in H1

Spending on tourism abroad reached $9.30bln in the first half of 2019

Landing approach of Airbus A340-300 of Kuwait Airways at Frankfurt Airport. Founded in 1954 Kuwait Airways is the flag carrier of Kuwait and headquartered in Al Farwaniyah Governorate, Kuwait. Image used for illustrative purpose.

Landing approach of Airbus A340-300 of Kuwait Airways at Frankfurt Airport. Founded in 1954 Kuwait Airways is the flag carrier of Kuwait and headquartered in Al Farwaniyah Governorate, Kuwait. Image used for illustrative purpose.

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Kuwaitis have spent 31.38% more on tourism abroad during the first half of the year (H1), according to a Mubasher survey based on the data of the Central Bank of Kuwait (CBK).

Spending on tourism reached KWD 2.818 billion ($9.304 billion) by the end of H1-19, compared with KWD 2.145 billion ($7.082 billion) for the same period last year, and distributed over the first and second quarters of the year at KWD 1.44 billion and 1.378 billion, respectively.

In 2018, spending on tourism abroad by Kuwaiti nationals amounted to KWD 4.03 billion, rising by 17.6%, compared with KWD 3.43 billion in 2017.

Kuwait’s residents reached 4.82 million, of which 1.42 million are Kuwaiti nationals and 3.4 million are expats.

Source: Mubasher Exclusive

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