A record 47,431 rooms and 124 hotel projects are under development in Saudi Arabia, according to a new report by TopHotelProjects.
Commissioned by The Hotel Show Saudi Arabia 2016, the reports shows the majority of projects are in the final construction and pre-opening stages with 52 projects and almost 20,000 rooms set to open to the public throughout the Kingdom this year.
“This is going to be a record year for hotel openings in Saudi Arabia, said dmg events hospitality portfolio group event director Christine Davidson.
“Saudi is now the second largest hub for hotel construction in the Middle East and Africa, behind only the UAE.”
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“Saudi remains the leading tourist destination in the region and religious tourist figures are forecast to reach new heights with Government improvements to infrastructure, and developments to the Two Holy Mosques in Makkah and Madinah. The opportunities for smart hoteliers and restaurateurs are significant,” says Davidson.
Saudi Arabia hotels with a 2016 opening date include: The Ritz-Carlton, Jeddah (March); Kempinski Al Othman Hotel in Al Khobar (May); and Nobu Hotel Riyadh, reported to open in June.
Hilton Worldwide has the largest hotel pipeline in Saudi Arabia with 28 properties set to be added to the market in the coming years.
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