BAAL Artisans’ Post

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

#SaudiArabia is poised to introduce an astounding 320,000 hotel rooms by 2030! With this unprecedented expansion on the horizon, the time to build powerful upselling strategies is now. Partner with FPG to harness this growth and propel your revenue forward. Let's transform opportunities into successes together! #UpsellingMastery #HospitalityGrowth #RevenueOptimization #FPGInsights #ThursdayThoughts

Data security isn’t optional—it’s a necessity in our interconnected world. Protecting your data is crucial to prevent breaches, build trust, and comply with regulatory requirements. I’m excited to announce our upcoming event tomorrow at Narcissus Hotel Riyadh, where we’ll explore Closing Your Data Security Gap, with a special focus on Service Security. Join us by registering for a session packed with practical insights and actionable solutions to strengthen your security posture. We look forward to connecting with professionals who are passionate about securing their data. #DataSecurity #CyberSecurity #XACTA #Seclore #Symantec

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

In 2023-2030, the Saudi Arabian hotel market is expected to grow by 12.23%. With excessive occupancy rates, substantial revenue per vacant room (RevPar), and competitive average room costs, the Saudi Arabian hotel market is one of the strongest worldwide. Currently, Saudi Arabia surpasses the United Arab Emirates in constructing motels in the Middle East and Africa. Investments, visa reforms, better connectivity, and a properly planned calendar of events showcasing numerous points of interest contributed to the hotel segment's phenomenal success. (yahoo!finance, 2024).

Valor Hospitality Expands Luxury Presence in Saudi Arabia. 🔹 Breaking Ground in Abha: Valor Hospitality, renowned for managing major brand hotels, ventures into Saudi Arabia with a groundbreaking luxury lifestyle hotel in Abha, marking a significant milestone for the region. 🔹 Catering to Secondary Markets: While major brands focus on large-scale developments, Valor pioneers the entry into secondary and tertiary regions, bringing upscale hospitality to diverse communities. 🔹 Upcoming Announcement: Stay tuned as details about the upscale property in Abha will be unveiled within a month, promising a unique and distinctive experience for guests. 🔹 Collaboration with Tourism Authorities: Valor commits to collaborating with the Ministry of Tourism and the Tourism Investment Fund to foster better investment opportunities and support the growth of the hospitality sector in secondary and tertiary regions. 🔹 Investing in Saudi Talent: Valor's initiative to launch a training academy for young Saudis demonstrates its commitment to nurturing local talent and bridging the gap between industry demand and skilled professionals. 🔹 Future Expansion Plans: With an ambitious vision, Valor aims to manage properties with 6,000 to 7,000 keys by 2030, contributing to the dynamic growth of Saudi Arabia's hospitality landscape. #ValorHospitality #LuxuryHospitality #SaudiArabia #Abha #HospitalityIndustry #TourismInvestment #TrainingAcademy #FutureExpansion

The importance of vision and mission...

Saudi Arabia Hotel Market is anticipated to reach US$ 62.57 Billion by 2030. The kingdom is on a trajectory to become a most sought after tourist destination worldwide, and has bold plans to triple its hotel room count number in the subsequent decade. The government's commitment to developing GIGA-initiatives and tourist destinations as part of #vision2030 has attracted maximum interest. The high-end is rising as the epitome of must see. This segment is experiencing an awesome surge, outpacing all others in expansion and development, to appeal to high-spending travelers and fostering the high-end hotel offering. We will be discussing how "Defining #Luxury of Tomorrow In Saudi" can drive your investment at the 16th Real Estate Development Summit #Luxury Edition on the 20th & 21st of November 2024 at the The Ritz-Carlton, Jeddah. I am truly excited to see many owners and investors at this upcoming summit by GBB Venture. #SaudiArabia #realestate #investment

🏨 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

A feature for all the luxury travelers out there: In the south of Riyadh, nestled into downtown streets steeped in rare desert greenery, sits a 365,000 square-foot palace once lived in by King Saud bin Abdulaziz, the second ruler of modern Saudi Arabia. The Red Palace was built in the 1940s for the then-crown prince. Now, the 9-acre, art-deco manse is being transformed into an ultra-luxury hotel designed to give guests a taste of the Saudi royal life. The conversion, by hospitality company Boutique Group, is the kind of rarified tourism project that doubles as historic preservation. The Red Palace served as a government headquarters as the kingdom emerged a global energy superpower; when it opens in 2025, it will have 70 rooms that preserve not just the physical spaces but the entire lifestyle that came with them. Menus will feature the Saud family’s favorite recipes. Spa treatments will use the area’s ancient healing rituals. Scents from the native Taif rose—a favorite of King Saud—will waft through the air.   Boutique Group says the Red Palace will be a first-of-its-kind experience in the country, which only five years ago starting widely allowing tourists into the country for leisure. And it will likely cost more than most anything in the global luxury market. Full story below https://lnkd.in/g8c7wfjN