Industry report reveals Makkah and Madinah hotels post 7% and 8% surge in RevPAR for 2015.
The Elaf Group has expressed confidence in achieving strong growth for 2016 across the Kingdom of Saudi Arabia’s (KSA) hospitality industry, noting a recent industry report showing that hotels in Makkah and Madinah witnessed strong RevPAR growth in 2015.
The Elaf Group, a SEDCO Holding Group company and provider of travel, tourism and hospitality services, stated that the full-year report shows that Makkah experienced a 7% year-on year (Y-o-Y) increase in RevPAR while hotels in Madinah surged by 8%.
Elaf Group CEO Ziyad Bin Mahfouz, said: “In 2015, the highest RevPARs in the GCC were recorded in Makkah and Madinah at 7 and 8%, respectively, and the trend will continue in 2016. Last year was truly a remarkable period for hospitality in the KSA, especially in Makkah and Madinah due to the growth in tourism for religious purposes.”
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“Elaf Group remains steadfast in its commitment to continue to offer excellent travel and hospitality services to religious pilgrims. We are committed to deliver world-class services to facilitate further expansion of the KSA’s hospitality industry.”
The Elaf Group specialises in religious tourism and operating in accordance with the Islamic Shari’ah guidelines, the company’s portfolio includes 14 hotels in Jeddah, Makkah and Madinah offering 3,572 rooms.
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