Saudi Arabia Has 73,057 Resort Rooms in Pipeline

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Bedroom of the 138 sqm Diplomat Suite at the recently opened Grand Hyatt Al Khobar Hotel and Residences. Click to enlarge.


(04 Apr 2021)
In line with STR, Saudi Arabia has 73,057
rooms throughout the three phases of the resort pipeline, and the
nation’s projected 67.1% enhance in room provide over the subsequent
three years is the very best among the many world’s 50 most populated
international locations.

Of the full rooms within the pipeline as of 11 March
2021, 16,965 had been scheduled to return on-line over the length of
2021. The 67.1% enhance assumes completion of all initiatives in
building, ultimate planning and planning.


“Saudi Arabia’s progress aspirations, together with the
power of different Center East hospitality markets similar to Qatar
and the United Arab Emirates, is additional validation that the
area continues to emerge as a world vacationer vacation spot,” mentioned
Philip Wooller, STR’s space director for the Center East/Africa.
“Such progress is a testomony to the power and prospectus of the
nation’s robust cultural and financial sources.”

Whereas a good portion of Saudi Arabia’s
pipeline exercise is concentrated in Makkah (28,052 rooms underneath
growth), a number of different submarkets throughout the nation are
anticipated to extend resort provide by 50% or extra.

See additionally


Marriott Signs Three Hotels in Saudi Arabia
,


First Grand Hyatt Hotel in Saudi Arabia Soft Opens

and

Mandarin Oriental Takes Over Luxury Hotel in Riyadh, Saudi Arabia
.

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