Ram Mohan Dubey’s Post

The Kingdom of Saudi Arabia is expected to deliver 320,000 new hotel rooms – with a development cost of $37.8 billion – by 2030 as part of its unprecedented investment in infrastructure, tourism transformation and real estate, according to new industry data.   KSA, where tourism spending reached almost $40 billion last year – up nearly 43 per cent on 2022 – aims to more than treble its current number of hotel keys in line with Vision 2030, with a plethora of new hotels, resorts and tourist attractions scheduled to open in the next six years, says leading real estate consultancy Knight Frank, sponsor of the Future Hospitality Summit Saudi Arabia (April 29 to May 1). Read more on https://lnkd.in/dFCVE_an #GCnews

As Saudi Arabia embarks on its journey to become a global tourism powerhouse, the hospitality industry serves as its cornerstone, shaping the kingdom's narrative and leaving an indelible mark on travelers' hearts. With visionary leadership, strategic investments, technological innovations, and a commitment to sustainability, Saudi Arabia's hospitality sector is poised to redefine luxury, redefine hospitality, and redefine the traveler's experience in 2024 and beyond. A panoramic view of the Red Sea coast at sunset, symbolizing the limitless potential of Saudi Arabia's hospitality industry.

#SaudiArabia is aggressively expanding its #hospitality sector to support the goals of its #Vision2030 initiative. The Kingdom plans to #build 320,000 new #hotel rooms by the end of the decade, with an #investment of nearly $40 billion. This aims to cater to a surge in #tourism, with Saudi Arabia expecting to welcome 150 million annual #visitors by 2030, including a significant increase in both #domestic and #international travelers. ▪️The focus of this expansion is on #luxury and upscale accommodations, aligning with the goal of attracting higher-spending #tourists. #Religious #tourism remains a cornerstone of the strategy, with substantial development in cities like #Madinah and #Makkah. Supporting this expansion, major hotel groups like #Marriott #International and #Accor #Hotel #Group are rapidly increasing their footprint within the Kingdom. ▪️Key drivers behind Saudi Arabia's ambitious tourism goals include major upcoming events like the 2030 #World #Expo in #Riyadh and the potential hosting of the #FIFA #World #Cup in 2034. These events, along with the #development of new #theme #parks and entertainment centers, promise to make Saudi Arabia an increasingly attractive destination for #global #travelers.

🌟The Red Sea Development: Transforming Saudi Arabia's Coastline into the "Maldives of the Middle East" 🏝️ As part of RSG’s visionary tourism initiatives, the Red Sea Development stands as a beacon of luxury and opulence, spearheaded by the Crown Prince's ambitious vision. With 22 exquisite islands poised to redefine extravagance in the region, this project is set to elevate Saudi Arabia's tourism landscape to unprecedented heights by 2030. 🏨 50 Hotels 🛏️ 8,000 Rooms 🏘️ 1,000 Residences Crafted to perfection, these islands will host an array of world-renowned five-star hotel brands, including Jumeirah, Rosewood, Grand Hyatt, Four Seasons, Ritz-Carlton Reserve, and the illustrious Faena - a haven for discerning travelers and luxury enthusiasts alike. Excitingly, 16 hotels are slated for grand openings by 2025, with the remaining 34 following suit before 2030, promising an unparalleled experience for every visitor. 🌴 The First Glimpse: Six Senses Oasis 🌴 Already welcoming guests with its allure, the Six Senses Oasis stands as the pioneering retreat within the Red Sea Development. Nestled amidst the desert expanse, this oasis offers an exclusive escape where luxury knows no bounds. With room rates akin to those of premier Maldivian resorts, starting at $1,800 per night, guests indulge in an experience of sheer indulgence and tranquility. As we progress towards 2030, initiatives like these are pivotal in transforming Saudi Arabia into a global hub for tourism, investment, and sustainable development. The Red Sea Project stands as a testament to the kingdom's ambition and vision for a prosperous future. Exciting times ahead as we witness the convergence of innovation, sustainability, and economic growth in the heart of the Red Sea. Stay tuned for more updates! #RedSeaProject #Sustainability #Innovation #SaudiArabia #FutureForward #SaudiVision2030

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

Saudi Tourism Development Fund partners with Karisma Hotels and Resorts International to develop luxury resorts in the Kingdom. 🔹Memorandum of Understanding signed at the International Hospitality Investment Forum in Berlin. 🔹Agreement aims to explore opportunities for resort development and enhance Saudi Arabia's tourism and hospitality sector. 🔹Focus on providing financial and non-financial support to investors, clients, and partners. 🔹TDF CEO highlights the potential for growth in the tourism sector through innovative projects. 🔹Karisma Hotels and Resorts CEO announces multiple hotel developments in Saudi Arabia, introducing experiential leisure hotels. 🔹Saudi Arabia revises its tourism target to 150 million visitors by 2030, signaling significant growth opportunities. 🔹Tourism sector contributes over SR250 billion ($66.7 billion) to the national economy, set to create 1 million job opportunities by 2030. 🔹Hospitality Investment Enablers initiative aims to attract private investments and enhance tourism offerings in line with Vision 2030 goals. Unlock investment opportunities in Saudi Arabia's booming tourism sector. #SaudiTourism #HospitalityInvestment #LuxuryResorts #RiyadhBusiness

Saudi Arabia's tourism sector is booming, and hospitality projects are at the forefront. But what separates a good hotel from a truly groundbreaking experience? Creativity and innovation are key! From integrating cutting-edge technology to embracing sustainable design, pushing boundaries is what elevates hospitality experiences. Imagine personalized guest journeys powered by AI or eco-friendly hotels that blend seamlessly with the desert landscape. These are just a glimpse of the possibilities. Saudi Arabia is fertile ground for such innovation. Vision 2030 fosters fresh thinking, and developers are embracing unique concepts. The future of hospitality here is bright, fueled by creativity and a commitment to redefine the guest experience. #SaudiTourism #Vision2030 #HospitalityInnovation

Elevating Hospitality: Human-Centered Hotel Design for Memorable Experiences and Economic Growth in Saudi Tourism. In hotel design, prioritizing a human-centered approach is pivotal for creating memorable guest experiences and aligning with Saudi Vision 2030's tourism goals. By understanding and anticipating the needs of guests, we can craft spaces that enhance comfort, foster a sense of well-being, and leave a lasting positive impression. This not only contributes to increased guest satisfaction but also translates into a positive return on investment for establishments. Aligning with Saudi Vision 2030, placing emphasis on exceptional guest experiences in hotel design supports the broader economic diversification and growth objectives of the tourism sector. By seamlessly blending aesthetics with functionality, we can elevate the hospitality landscape, reinforcing Saudi Arabia's position as a premier destination and driving economic success in the tourism industry. #HumanCenteredDesign #SaudiVision2030 #TourismEconomy

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