Hotelier Middle East’s Post

Saudi Arabia's hospitality sector is on the rise. In Q2 2024, Saudi Arabia's hospitality sector flourished, exceeding pre-pandemic levels. Key highlights include a 20% increase in passenger numbers and enhanced connectivity. Positive trends were observed in Riyadh, Makkah, and Dammam, according to the recent CBRE Middle East Real Estate Market Review. https://lnkd.in/dEE7q2wJ #saudihospitality #hospitalitytrends #ksa #hospitalityindustry

Saudi Arabia's tourism sector is experiencing explosive growth, with a 99% increase in tourism hospitality licenses from 2023 to 2024, marking a significant milestone in the country's Vision 2030 transformation. This surge in hospitality demand is paired with a 107% rise in hotel room availability, pushing Saudi Arabia into the global spotlight for luxury tourism. Atqan Pro is uniquely positioned to support this growth by offering luxury hospitality procurement services. We combine the latest in innovation with our deep-rooted Saudi heritage to provide 4- and 5-star hotels with top-tier furniture, fixtures, operating supplies, and custom-manufactured products. Whether you're looking for expert procurement advice, competitive rates, or end-to-end solutions from design to installation, Atqan Pro ensures your hotel's standards meet the highest international expectations. Source: Travel Tomorrow  With Vision 2030 propelling Saudi Arabia as a global tourism leader, now is the perfect time to invest in luxury procurement solutions.  Contact Atqan Pro today to discover how we can help you with top-quality solutions tailored to the needs of Vision 2030. info@atqanpro.com atqanpro.com  #AtqanPro #SaudiArabia #Hospitality #Tourism #SaudiNews #LuxuryHospitality #HospitalityLicense #SaudiVision2030 #Procurement #LuxuryProcurement #SourcingExperts #Horeca #ProcurementSolutions #KSA #Globaltourism #Hospitalitynews

Saudi Arabia's Tourism Boom and Potential Supply Chain Issues Saudi Arabia's Vision 2030 aims to diversify the economy and attract tourists. This includes a massive investment in hotel construction, with over 300,000 rooms planned by 2030. This boom will impact the hotel supply chain in two ways: Construction: The demand for building materials and specialists will surge, potentially causing disruptions and price increases. Global logistics may struggle to meet the demand, especially in remote areas. Operation: Existing hotels will compete for supplies What can hotels do to minimize disruption? Source locally: Reduce carbon footprint and offer unique local experiences. Diversify suppliers: Don't rely on a single source for materials and products. Proactive procurement: Anticipate needs & identify potential problems early. Strong supplier relationships: Secure advance guarantees for delivery. Workforce planning: Secure enough skilled workers for construction & operation. Hotels should proactively address these challenges to ensure smooth operations and avoid disruptions. #saudiarabia #vision2030 #hospitalityindustry #tourismdevelopment #supplychain #construction #logistics #hotels #sustainability #procurement https://lnkd.in/d2tmj7QS

The GCC hospitality sector is set for significant growth, with a projected CAGR of 7.5% from 2023 to 2028, according to Alpen Capital. Revenue is expected to reach $48.1 billion by 2028, driven by economic expansion and increased tourist arrivals. Saudi Arabia aligns with the GCC average, supported by Saudi Vision 2030 initiatives. The UAE expects a 6.9% CAGR, aided by infrastructure modernization and eased tourist visa rules. Qatar leads with an 11% growth rate. Key metrics such as occupancy rate, ADR, and RevPAR are also projected to improve. Challenges include global economic uncertainties, geopolitical conflicts, inflation, and a skilled labour shortage. Read more: https://lnkd.in/dkpnDQkN #hospitality #hotels #economy #adr #revpar #tourism #travel #talent #labour #inflation #geopolitcs #gcc #qatar #uae #saudiarabia #middleeast

The hospitality sector in the Middle East was the strongest in the world for last year! 🚀 According to the insights from STR, the Middle East has outperformed other regions in crucial performance indicators such as occupancy, revenue per available room (RevPar), and average room rate. Regional hotels have seen remarkable growth, with an average room rate reaching $160 year-to-date in 2023. This surpasses the rates seen in the US, Europe, and the Asia-Pacific region. Notably, Dubai has emerged as a key player in the Middle East's travel and tourism landscape, boasting an average room rate of $171 and an impressive occupancy rate of 76%. Abu Dhabi is also showing promising figures with an average room rate of $130 and 70% occupancy. Moreover, Jeddah has clinched the top spot in the region with hotels recording an average room rate of $220. This exceptional performance reflects the resilience and adaptability of the Middle East's tourism sector, which has witnessed a robust post-pandemic rebound, surpassing global economic challenges. HSBC's August report highlights the region's unique position in achieving a "total recovery" in tourist arrivals, with a 15% increase compared to pre-pandemic levels in 2019. Looking ahead, Dubai's hospitality sector is forecasted for continued growth, with a projected 1.9% year-over-year RevPar growth in 2024. This positive outlook underscores the region's potential for sustained development and economic prosperity. It is great to see such remarkable growth in the hospitality industry. Please read the full article in the comments below 👇 This success demonstrates the growing demand for skilled professionals in revenue management, if you're seeking opportunities or looking to expand your team with top talent, let's connect on 📞+971 792 6324 / ✉️lucy@mrkassociates.co.uk #MiddleEast #Hospitality #revenuemanagement

Last week, The Ma'refa Brief looked into the GCC’s booming hospitality sector. Here's some of the key data we found:   🏖 Two-thirds of the planned hotel room supply in Saudi Arabia falls in the "upscale" or "luxury" categories, which is expected to expand to 72% by 2030. 🏝 More than a third of UAE residents are interested in staycations, with 45% of expats over the age of 35 having taken at least one weekend staycation in the past year. 🌆 Abu Dhabi saw a remarkable 22% year-on-year increase in the number of hotel guests in 2023, with average revenue per available room increasing by 17%. 📈 The GCC hotel market saw the strongest global performance in 2023, with revenue expected to grow at 7.5% per year, reaching USD 48 billion by 2028. 🏨 Saudi Arabia plans to deliver 320,000 new hotel rooms by 2030, with over USD 30 billion invested in hotel building over the next six years. Would you like to stay informed on emerging trends in the GCC? Subscribe to The Ma’refa Brief for the latest data and insights from our in-house research team. Sign up now at https://lnkd.in/eZVzMRDQ. #UAE #GCC #MiddleEast #Hospitality #HotelIndustry #Vacation #Travel #Tourism #MarefaBrief #Insights #SaudiArabia

Saudi Arabia's hospitality and tourism sector has untapped potential, but it's time to unlock it. To fully realize this potential, we must update our policies and laws to attract tourists, investors, and talent. Our new policies must be forward-thinking, incorporating future technology, innovation, creativity, sustainability, global integration, and collaboration. By doing so, we can create new jobs, diversify revenues, transfer knowledge, improve productivity and quality of life, increase efficiency, and boost Saudi Arabia's GDP. All of these outcomes are aligned with #MBS Saudi Vision 2030 Ministry of Investment Ministry of Commerce - Saudi Arabia Ministry of Tourism of Saudi Arabia Ministry of Energy Ministry of Human Resources and Social Development - KSA #Saudi #KSA #Saudi

Sindalah, Trojena, The Red Sea - all those bombastic Saudi projects you're seeing are only for 20% of travelers heading to Saudi Arabia... One thing I was really focused on at ATM last week was the narrative of Saudi Arabia being 'too expensive' for tourists. Skift did a piece on the matter from what we heard at Future Hospitality Summit the week prior. At ATM, we had no shortage of input from leaders across the industry on the issue, including Fahd Hamidaddin, the CEO of Saudi Tourism Authority | الهيئة السعودية للسياحة. Here's what you need to know: The giga-projects are expensive, but their purpose isn't just to drive up tourism numbers. That task will be for the many, many mid-market hotels and alternative accomodations Hamidaddin says Saudi will be announced between now and 2030. Also at ATM, several decision-makers in the hotel sector weighed in, as did Diriyah Gate Development Authority. The full piece, only on Skift: https://lnkd.in/dCMPzXQG Lex Haris Fahad Al Bahiti #tourismnews #travelnews #Sauditourism #Gigaprojects Saudi Vision 2030

Saudi Arabia's hospitality revenue is projected to grow at a compound annual growth rate of 7.5% from 2023 to 2028, driven by government initiatives under Vision 2030. The occupancy rate is expected to rise from 64.6% in 2023 to 69.3% in 2028. Despite global economic challenges and geopolitical issues, the GCC hospitality sector is set to thrive due to economic recovery, increased tourism, and major events. The region is also embracing digitalization and sustainable tourism practices. Additionally, Saudi Arabia is planning to develop 320,000 new hotel rooms by 2030 to cater to the anticipated surge in tourism, with a focus on upscale and luxury accommodations. Read More: https://bit.ly/3RWF8L5 #Saudiarabia #Vision2030 #Realestate #Construction #luxury #hotels #tourism

Oman hotels report RO 132 million in revenues MUSCAT: The National Centre for Statistics and Information reported a 7.9% increase in revenue for 3-5 star hotels in Oman, reaching RO 132.306 million by the end of July 2024, up from RO 122.628 million in 2023. This growth is attributed to a 9.3% rise in hotel guests, totaling approximately 1,204,426 by July 2024 compared to 1,102,314 the previous year. The occupancy rate grew by 2.1%. Read more: https://lnkd.in/dhTYrkci Ministry of Heritage and Tourism - Sultanate of Oman NCSI Oman Ministry of Commerce, Industry & Investment promotion #Hospitality #Revenue #Tourism #Oman #OmanBiz