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Saudi Arabia Hotel Market will be USD 24 Billion by 2025


Saudi Arabia Hotel Market will be USD 24 Billion by 2025. The government also plans to open 144 pulse hotels and 56,106 rooms between 2019 and 2021. – PowerPoint PPT presentation

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Title: Saudi Arabia Hotel Market will be USD 24 Billion by 2025

Saudi Arabia Hotel Market
Saudi Arabia Hotel Market
Report Description and Highlights
In GCC countries, the market of hospitality has
gained prominence. GCC economies have
historically been heavily dependent on oil.
Nevertheless, as governments concentrate on
non-oil industries, the region has undergone many
economic changes over the past decade. For the
hospitality sector, tourism is a primary driver.
The hotel industry in Saudi Arabia is driven by
rapid economic growth, investment in real estate
projects, and construction. Saudi Arabia Hotel
Market is expected to cross USD 24 Billion by the
year 2025. Religious tourism will thrive as the
Kingdom completes the expansion of the Holy
Mosques from just over 17.5 Million in 2014, to
cross 25 Million by 2025. The Kingdom also has a
proposal to increase the number of Hajj and Umrah
visitors from about 19 million in 2019 to 30
million by 2030. Saudi's 2030 dream, taking prior
measures in the hotel industry the government
also plans to open 144 pulse hotels and 56,106
rooms between 2019 and 2021.
Saudi Arabia Hotel Market
Saudi Arabia Hotel Market
In order to meet this growing demand, the
government is investing heavily in the
construction of hotel, transport infrastructure,
such as high-speed rail and Metro projects in
Makkah. Business tourism is proliferating on the
back of strong economic growth and concentrating
on expanding other economic pockets by the
government. This is mainly concentrated in Saudi
Arabia's three major cities Riyadh, Jeddah and
Al-Khobar. In order to attract more business
visitors and increase the flow of domestic
tourists, the government invests heavily in
developing transport infrastructure in these
cities. Renub Research report title Saudi
Arabia Hotel Market, Volume Forecast by Type,
Ordering Platform, Regions, Company (Dur Group,
Al Hokair Group, Altyaar Group, IHG Group,
Marriot International, Accor Middle East, Hilton
Hotels) provides a complete analysis of Saudi
Arabia Hotel Market.
Saudi Arabia Hotel Market
Saudi Arabia Hotel Market
Market Summary By Hotel Type The study
explores the demand for the following types of
hotels high-end, mid-scale, and budget. High-end
hotels dominate this market place's with the most
significant market share. By Ordering
Platform Online hotel booking business is
steadily growing in the hotel industry in Saudi
Arabia. The study deals with two types of
platform for ordering online and offline. The
online hotel market is expected to increase
dramatically by 2025. By Region This report
provides the details of hotels in the respective
cities of Saudi Arabia Makkah, Medina, Riyadh,
Jeddah, and Dammam. The details covered in the
report are Room Number, Regular Room Average
Rate (ADR), Available Room Income (RevPAR), and
Regional Occupancy Rate.
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Saudi Arabia Hotel Market
Key Topics Covered in Saudi Arabia Hotel Market
  • Key Topics Covered
  •   Introduction
  • 2.    Research Methodology
  • 3.    Executive Summary
  • 4.    Market Dynamic
  • 4.1    Growth Drivers 4.2    Challenges4.3  
  • 5.    Saudi Arabia Hotel Market
  • 5.1    Market5.2    Volume5.3    ADR (Average
    Daily Rent Per Night)5.4    REVPAR (Per Room per
    Night)5.5    Occupancy Rate

Saudi Arabia Hotel Market
Key Topics Covered in Saudi Arabia Hotel Market
6.    Share Saudi Arabia Hotel Analysis 6.1  
 Hotel Type Market 6.2    Hotel Type Volume6.3
   Ordering Platform 7.    Hotel Type Saudi
Arabia Hotel Market and Volume 7.1    High End
Hotel 7.2    Mid Scale Hotel7.3    Budget
Hotel 8.    Ordering Platform Saudi Arabia
Hotel Market 8.1    Online Hotel Market 8.2  
 Offline Hotel Market
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Saudi Arabia Hotel Market
Key Topics Covered in Saudi Arabia Hotel Market
9.    Region - Saudi Arabia Hotel Market 9.1  
 Makkah9.2    Medina9.3    Riyadh9.4  
 Jeddah9.5    Dammam 10.    Mergers and
Acquisitions 11.    Hotel/Company Analysis 11.1
   Dur Group11.2    IHG Group11.3    Marriot
International11.4    Accor Middle East11.5  
 Hilton Hotels
Saudi Arabia Hotel Market
Saudi Arabia Hotel Market
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Saudi Arabia Hotel Market
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