Over the review period, luxury hotels in Saudi Arabia experienced fast growth in outlet, current value sales and room night terms, particularly in new tourist destinations like Neom and Red Sea City. While luxury travel remains a relative niche in Saudi Arabia, it has the potential for further expansion as high-income travellers increasingly visit the kingdom.
Operators of hotels in all categories are looking to increase their numbers of outlets over the forecast period as they anticipate fast increases in the demand for such accommodation. The rise in domestic tourism flows coupled with further increases in inbound leisure and religious arrivals will put pressure on lodging and create a strong demand for new hotels as well as other options, such as short-term rentals.
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Understand the latest market trends and future growth opportunities for the Lodging (Destination) industry in Saudi Arabia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Lodging (Destination)
Lodging (Destination) covers the main types of lodging used by inbound and domestic tourists, providing a destination point of view (also known as point of supply). Lodging value is measured in terms of the price paid for lodging by the consumer and businesses based on total room sales. It does not include food and drinks or any other form of revenue that is not directly related to lodging, such as events and conferences and guest services, such as gym, spa, shop, room service, restaurant and café. Lodging volume is measured in terms of number of outlets and rooms at year end, and room nights as total of the full year.
See All of Our DefinitionsThis report originates from Passport, our Lodging (Destination) research and analysis database.
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