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FinancialNews


  • 13-05-20

    Kuwaitis spend 7.35 percent less on overseas toursim in 2019

    (MENAFN)

    The central bank of Kuwait released data showing that Kuwaiti nationals have spent 7.35 percent less on travelling abroad in the earlier year of 2019.

    The oversease toursim spending saw has declined to set at only USD12.09 billion in the previous year of 2019 in comaprison with USD13.05 billion reported a year before in 2018.

    The number of the GCC nation's residents stood at a total of 4.82 million, as 1.42 million of them are Kuwaiti nationals and the remaining 3.4 million are foreigners.

    Tourism spending is predicted to further drop in 2020 over the economic disturbance and flight suspension resulting from the coronavirus outbreak.

    MENAFN1305202000450000ID1100156240

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