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Saudi Arabia plans 315,000 new hotel rooms by 2030

by The Novum Times
30 April 2023
in Europe
Reading Time: 2 mins read
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Saudi Arabia plans to open 315,000 new resort rooms by 2030,
based on a report from property consultancy Knight Frank,
Pattern reviews
citing Al
Arabiya.

This could imply that the variety of resort rooms within the Kingdom
can be greater than double these within the neighboring vacationer hotspot
of Dubai, which at present has 140,000 rooms.

Growth of the hospitality sector is a significant side of Saudi
Arabia’s Imaginative and prescient 2030 plan to diversify the financial system away from
oil.

“The amount of resort room keys deliberate to be delivered within the
Kingdom by 2030 is nothing wanting unbelievable, with a complete doubtless
inventory of near 450,000 resort rooms,” stated Faisal Durrani, head
of Center East analysis in an announcement.

Home tourism can be a significant a part of the Kingdom’s plan,
Durrani defined.

In accordance with Knight Frank, 65 % of Saudis journey inside
the nation between one and 3 times a month.

“With 56 % of the Kingdom’s inhabitants aged beneath 35, the
demand for numerous lodging sorts will doubtless proceed to
emerge as a big consideration for the business.”

“We might want to assume broader and incorporate the likes of
luxurious glamping websites and youth hostels to cater to this
more and more essential section of the market whether it is to thrive and
flourish, being aware of the cultural sensitivities and the necessity
for acceptable variations.”

Turab Saleem, head of hospitality for Saudi Arabia at Knight
Frank, identified the necessity for brand spanking new infrastructure to assist the
development of the tourism sector.

“Supporting hospitality infrastructure, equivalent to new airports and
nationwide airways, each of that are coming, mixed with a
legislative framework that eases entry to the sector for
worldwide buyers can be essential,” he stated.



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Tags: ArabiaHotelplansroomsSaudi

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