Greetings from Riyadh!
... despite the World Defense Show going on (750+ exhibitors, 100,000+ trade visits) I managed to find a hotel room once more. Lucky me! 🌠
Most months new records are broken in terms of hotel occupancy, ADR (average daily rate) and RevPar (revenue per available room), with some particularly busy periods seeing unheard of ADR's close to 2,000 SAR (>500 USD!). 🤑
Unfortunately, new hotels are not providing the required respite to make traveling to Riyadh more affordable, as not enough new rooms are provided at the right price points. 💰
If you search for top hotel openings in 2024 you will see plenty going on in the Red Sea, NEOM, Al Ula and even Jeddah, but Riyadh needs to better cater to increasingly frequent business travelers. While hotels in Wadi Hanifah or Al Ahsa Oasis will be beautiful they are not the mid-range business hotels that a large amount of business travelers are looking for. 🛌
I believe Riyadh still represents one of the most exciting business opportunities for international hotel operators to penetrate, especially with their mid-tier brands, and continue their growth. 💹
🏨 Reflecting on the dynamic landscape of the hotel industry in Qatar 🇶🇦
As someone deeply entrenched in the hospitality sector, I've witnessed firsthand the remarkable highs and occasional challenges that define our industry's journey in Qatar.
In recent years, Qatar has experienced an impressive surge in hotel development, fueled by ambitious infrastructure projects, major sporting events, and a growing tourism sector. This rapid expansion has led to the emergence of world-class hotels, each offering unique experiences to visitors from around the globe.
However, like any industry, we have also encountered our fair share of obstacles. External factors such as economic fluctuations, geopolitical tensions, and global pandemics have presented significant challenges, disrupting travel patterns and impacting hotel operations.
As we look to the future, I am optimistic about the continued growth and evolution of the hotel industry in Qatar. With upcoming mega-events, ongoing infrastructure investments, and a steadfast dedication to providing unparalleled hospitality, the horizon is bright for Qatar's hotel sector.
Here's to embracing the journey, celebrating successes, and overcoming challenges together as we shape the future of hospitality in Qatar!
#HospitalityIndustry#QatarHotels#HotelDevelopment#Resilience
Looking forward to meet business leaders and key stakeholders at IFS Connect Middle East 2024, taking place on Monday, the 6th of May at Hilton Riyadh Hotel and Residences.📍
Wondering what’s in it for you?
Here’s a short video to help you understand more about this event! 🎥
Registrations are closing soon, secure your spot right away! 🔖 https://ifs.link/pAiEqQ#UnlockBusinessValue#IFSConnect#SaudiArabia#KSA#Envecon#IFSCloud#ERP#AssetManagement
Excited to see you at IFS Connect Middle East 2024, taking place on Monday, the 6th of May at Hilton Riyadh Hotel and Residences. Wondering what makes this event extraordinary? Let #TeamPurple guide you through the myriad reasons to grace us with your presence.
Hurry, it's your final opportunity to secure your spot as registrations draw to a close today. Register now: https://ifs.link/pAiEqQ#UnlockBusinessValue#IFSConnect#SaudiArabia#KSA
Riyadh Air | طيران الرياض a new #Saudi#Arabian airline, is making a bold move by opting not to offer traditional first-class suites. Instead, they plan to elevate their business class to a level of #luxury rivaling first class on many other airlines. This decision, led by #CEO Tony Douglas, is rooted in both financial and environmental sustainability concerns. The airline believes that first-class suites are often underutilized and not commercially viable, while a luxurious business class can offer a similar experience at a more competitive price point.
▪️Riyadh Air's strategy is to create a #business class that caters to the needs of discerning travelers who value comfort and luxury. This includes spacious suites with doors, fine dining, and personalized service, all while maintaining a focus on sustainability. By doing so, they aim to attract a wider customer base and establish themselves as a #leading#airline in the region.
▪️This decision sets #Riyadh#Air apart from its competitors, particularly #Emirates and #Qatar#Airways, who are known for their lavish first-class offerings. While this approach may be unconventional, it reflects a growing trend in the industry towards more sustainable and financially responsible practices. Only time will tell if Riyadh Air's gamble pays off, but it certainly has the potential to disrupt the traditional airline model and set a new standard for luxury #travel.
#SaudiArabia#Tourism#Hospitality
Global Hotel Pricing H1 2024: Mid-Year Market Snapshot
Lighthouse Data’s latest report reveals intriguing trends in hotel room rates across various global markets. The first half of 2024 has shown a significant shift compared to the same period in 2023, with some regions experiencing remarkable growth while others remain more subdued.
Spotlight on Saudi Arabia:
-Riyadh emerged as the 2nd fastest-growing destination for hotel room rates in H1 2024.
-A notable 31% YoY increase was recorded in the first half of 2024.
-Riyadh's performance stands out in an otherwise calm Middle Eastern market.
-The key driver behind this success? Strategic investments in high-profile sporting events, especially in combat sports.
#HospitalityTrends#HotelPricing#MarketAnalysis#SaudiArabia#Riyadh#TravelIndustry#GlobalTrends#H1Report2024
Embarking on a long flight soon with Qatar Airways ? Here are five compelling reasons why choosing ( or upgrading ) to Business Class can transform your journey from routine to remarkable:
✨ Choose Business Class for long flights and sleep like you're already on vacation. Spacious seats turn into beds for the ultimate rest.
✨ Elevate your dining experience to new heights with gourmet meals on demand. Business Class isn't just travel; it's a taste adventure.
✨ Your holiday begins before boarding in luxurious airport lounges. Business Class offers a serene start to every journey.
✨ Experience personalized service that goes above and beyond. In Business Class, every detail of your journey is meticulously cared for.
✨ Embrace privacy and space with Business Class. Your personal haven in the skies is designed for comfort, allowing you to relax or work in peace.
#GoingPlacesTogether#QatarAirways#QatarAirwaysBusinessClass#Qatar#Doha
Strategic Business & Investment Advisor | Managing Partner at Arabian Properties | CEO of Office-Finder.com | Expert in Real Estate, Financial Business & 100% Foreign Ownership Solutions in Saudi Arabia
Saudi Arabia to Develop 320k New Hotel Rooms by 2030.
🔹 Hospitality Expansion: Saudi Arabia unveils ambitious plans to bolster its hospitality sector with the development of 320,000 new hotel rooms by 2030, catering to the projected surge in tourism.
🔹 Upscale Offerings: With 67% of the planned supply falling under the "upscale" or "luxury" categories, the Kingdom aims to provide premium accommodations for both domestic and international visitors.
🔹 Strategic Insights: According to Knight Frank's analysis, Riyadh's winning bid to host the 2030 World Expo is expected to inject a staggering $94.6 billion into the nation's capital, attracting an estimated 40 million visitors.
🔹 Economic Implications: The expansion also highlights the need for adequate accommodation for hotel staff, with projections suggesting the requirement for up to 387,000 key workers by 2030.
🔹 Investment Opportunities: Partnering with leading hotel operators like Marriott International presents lucrative opportunities in Saudi Arabia's booming hospitality market.
#SaudiArabia#HospitalitySector#HotelDevelopment#Tourism#RealEstate#InvestmentOpportunities#Riyadh
As all Hotel operators eye on Saudi Arabia (and other big travel markets like India, Vietnam, etc), should they apply conventional commercial hotel and brand strategy wisdom, or re-think?
There is a lot of evidence, and hands-on experience, that suggests these emerging markets offer some unique "first to market" opportunities for many years to come.... as long as there exists a supply-demand imbalance, branded hotels can skim the market.... See some key facts and insights on Jeddah, Saudi Arabia market....
Having worked across the world, Jeddah market is not unique at all.... there are easily 100 more such markets with similar dynamics (read brand opportunities)
Supply-Demand imbalance?
Sure, one would immediately think about yielding, during city wide event periods.... We argue, 300+ days a year, there exists a high degree of supply-demand imbalance in many emerging markets, like Jeddah....
- no balanced distribution of brands (Domestic vs International)
- no balanced distribution across price points
- no balanced distribution across STR Tract/segments (Economy to Upscale, to Luxury)
- no balanced distribution across Star Rating
- No balanced distribution across hotels vs "AirBnBV style of" accommodation
- No balanced distribution of accommodation across a destination
#LocationIntelligence#SWOTSpotQuestTravelGenius Pte Ltd
https://lnkd.in/e4qgvUHu
GLOBAL LEGEND FOR ALL OF US
Mohammed Al Qatani: A Visionary Pioneer in Hospitality, Smart Hospitals, and Energy Sectors....
TRIGNOMETRIC STRATEGICAL PERSONALITY WITH VISION
Mohammed Al Qatani is recognized as one of the most innovative and forward-thinking leaders in Saudi Arabia, contributing extensively to the transformation of the Kingdom’s key industries. His strategic insights have played a crucial role in reshaping business landscapes, from hospitality and healthcare to the oil and gas sectors, while aligning with the broader vision of Saudi Arabia’s leadership under King Salman and Crown Prince Mohammed bin Salman.
Pioneering Hospitality and Smart Hospitals
With a deep understanding of global market trends, Al Qatani has been at the forefront of revolutionizing hospitality in the Kingdom. His efforts are geared towards elevating Saudi Arabia as a world-class destination, ensuring that the country's hospitality sector meets and exceeds international standards.
His work in smart hospitals is equally groundbreaking, helping position Saudi Arabia as a leader in healthcare innovation. These smart hospitals utilize cutting-edge technology such as AI, IoT, and robotics to deliver superior patient care, enhance operational efficiency, and provide a seamless patient experience. Al Qatani’s vision has supported the development of healthcare infrastructure that not only serves the Kingdom but also attracts international patients, thereby boosting medical tourism.
Energy Sector and Oil & Gas Industry Vision
Al Qatani’s contributions to Saudi Arabia’s oil and gas sector are also significant. As the Kingdom continues its transition towards diversifying its economy under Vision 2030, Al Qatani has led initiatives that focus on sustainability and innovation within the energy sector. His forward-thinking approach integrates renewable energy sources with the traditional oil and gas industry, ensuring the long-term sustainability and global competitiveness of Saudi Arabia in the energy market.
Reshaping Business Strategies
Mohammed Al Qatani has consistently emphasized the need for reshaping traditional business models. By embracing digital transformation, automation, and innovative business strategies, he has helped various sectors in Saudi Arabia stay ahead in a competitive global market. His belief in investing in human capital and fostering talent development ensures that the Kingdom's workforce is ready to lead in a rapidly evolving digital economy.
Global Development and Vision for Saudi Arabia
Al Qatani's contributions are not limited to just national growth. His vision aligns with Saudi Arabia’s global aspirations under Vision 2030, aiming to position the Kingdom as a major player on the world stage. His dedication to global development....PIONEER OF TRIGNOMETRIC STRATEGIES GLOBALLY IN TECHNOLOGY
ROOMLY - we care about the final 3% in your office, retail, lifestyle and hospitality projects!
1wGreat! Congrats! Thanks for having the chance to be a small part of the Riyadh Airport project with our electrified system Seam Bright!