Aleph Hospitality’s Post

Saudi Hospitality ADR and RevPAR Increase in H1 2024 In Q2 2024, Saudi Arabia's hospitality sector thrived, surpassing pre-pandemic levels. Key highlights include a 20% rise in passenger numbers and increased connectivity. Riyadh, Makkah, and Dammam showed positive trends, while Khobar and Jeddah faced declines. 🏨📈 #saudihospitality #tourismgrowth #hospitalitytrends #sauditravel #marketperformance

In Just 3 Months, Saudi Arabia's Hospitality Market Averaged a 6.2% Change – Here's What Happened Across Major Cities The Q2 2024 hospitality market in Saudi Arabia saw a range of ups and downs across different cities. Let’s break it down: 🏙️ Mecca: Occupancy: +1.6% ADR: +1.1% RevPAR: +4% 🌅 Jeddah: Occupancy: +4.1% ADR: -9.9% RevPAR: -4.2% 🌆 Riyadh: Occupancy: -1.8% ADR: +25% RevPAR: +22% 🏖️ Dammam: Occupancy: +8.4% ADR: -1.1% RevPAR: +14.5% 🏜️ Madinah: Occupancy: -1% ADR: +16.1% RevPAR: +14.5% 📊 With a national average change of 6.2%, some cities like Riyadh are seeing explosive growth in ADR (+25%), while others like Jeddah are facing significant drops. What’s causing this divergence? Let's discuss! 💬👇 #Hospitality #SaudiArabia #HotelIndustry #RealEstate #MarketTrends #KSA #RevPAR #ADR

A spurring demand for #cateringservices from increasing corporate events, the government’s supportive initiatives promoting #tourism , and expanding hospitality and healthcare sectors are expected to drive the Saudi Arabia #Catering_Services Market between 2024 and 2030. 📜As per the recent #market_research_report, published by BlueWeave Consulting, the size of the "𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚 𝐂𝐚𝐭𝐞𝐫𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭" size to expand at a #CAGR of 7.90% reaching a value of USD 11.2 billion by 2030. 🌐𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐏𝐝𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 ➖ https://lnkd.in/dgXVD6Tj 🔔 𝐌𝐚𝐫𝐤𝐞𝐭 – 𝐁𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫: Based on the end user, Saudi Arabia Catering Services Market is divided into Corporate, Educational Institutes, Healthcare, Defense and Offshore, Mining & EPC, Sports & Leisure, and other segments. The #corporate sector is the largest end-user segment in Saudi Arabia Catering Services Market. #BlueWeave #marketresearch #marketsize #marketshare #consulting #FoodService #FoodIndustry #QuickService #Catering #CateringIndustry

A spurring demand for #cateringservices from increasing corporate events, the government’s supportive initiatives promoting #tourism , and expanding hospitality and healthcare sectors are expected to drive the Saudi Arabia #Catering_Services Market between 2024 and 2030. 📜As per the recent #market_research_report, published by BlueWeave Consulting, the size of the "𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚 𝐂𝐚𝐭𝐞𝐫𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭" size to expand at a #CAGR of 7.90% reaching a value of USD 11.2 billion by 2030. 🌐𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐏𝐝𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 ➖ https://lnkd.in/dgXVD6Tj 🔔 𝐌𝐚𝐫𝐤𝐞𝐭 – 𝐁𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫: Based on the end user, Saudi Arabia Catering Services Market is divided into Corporate, Educational Institutes, Healthcare, Defense and Offshore, Mining & EPC, Sports & Leisure, and other segments. The #corporate sector is the largest end-user segment in Saudi Arabia Catering Services Market. #BlueWeave #marketresearch #marketsize #marketshare #consulting #FoodService #FoodIndustry #QuickService #Catering #CateringIndustry

Discover the thriving industries driving Saudi Arabia's economic diversification! Here are some of the top business sectors making significant contributions: -Travel and Tourism: Explore the flourishing opportunities in Saudi Arabia's travel and tourism industry, paving the way for growth and exploration. -Food and Beverage: Delve into the vibrant culinary scene and witness the booming food and beverage business, satisfying the nation's appetite for innovation and flavor. -Construction: Witness the construction sector's rapid expansion, shaping skylines and infrastructure to meet the demands of a growing nation. -Hospitality: Experience the rise of the hospitality industry, with luxury hotels and resorts providing unforgettable experiences for both locals and tourists. -Healthcare: Discover the advancements in healthcare services, as Saudi Arabia prioritizes the well-being of its citizens and invests in cutting-edge medical facilities. -Cleaning: Explore the potential within the cleaning industry, playing a vital role in maintaining cleanliness and hygiene standards across the kingdom. -FinTech: Embrace the digital revolution with Saudi Arabia's FinTech sector, driving innovation in financial services and transforming the way we manage money. Join us as we delve into these promising business sectors, propelling Saudi Arabia towards a future of economic prosperity and diversity! Contact Us: https://lnkd.in/dZHNw5-B #KSA #Industries #Business

After years of meticulous planning and execution, the Chedi Hotel Wadi Safar is set to open in 2026. Read the full interview with Rakan Jandali, Design Principal at KCA International, and Sana Choyakh, Lutron Business Development and Sales Manager, to see how the project blended Saudi heritage along with cutting-edge technology in the latest Saudi Projects. #WadiSafar #KCAInternational #LutronElectronics #SaudiArabia #LuxuryHospitality

Join us at UAE FMA’s upcoming event, Empower Your Investments: Seize Market Opportunities, for an exclusive deep dive into the latest market trends and strategies. 📅 27th Sept 2024 – Jeddah, Narcissus Al Hamra Hotel 📅 28th Sept 2024 – Riyadh, Sheraton Hotel Don’t miss this opportunity to enhance your investment strategies and stay ahead in the dynamic financial landscape. Register now! hashtag #UAEFMA #XM #InvestmentOpportunities #FinancialMarkets #Jeddah #Riyadh #EmpowerYourInvestments

Join us at UAE FMA’s upcoming event, Empower Your Investments: Seize Market Opportunities, for an exclusive deep dive into the latest market trends and strategies. 📅 27th Sept 2024 – Jeddah, Narcissus Al Hamra Hotel 📅 28th Sept 2024 – Riyadh, Sheraton Hotel Don’t miss this opportunity to enhance your investment strategies and stay ahead in the dynamic financial landscape. Register now! #UAEFMA #XM #InvestmentOpportunities #FinancialMarkets #Jeddah #Riyadh #EmpowerYourInvestments

A call to all events professionals and planners! Have you observed a lack of innovation and distinctiveness in event programming? The question specifies the events that took place in Riyadh and Jeddah in the last six months. Share your insights and perspectives on whether the events industry in Saudi Arabia has reached its zenith in terms of concepts and execution. #eventplanning #eventexecution #SaudiArabia #eventindustry