
Knight Frank, the global real estate consultancy firm based in London, has predicted that 67% of the hotel units planned for construction in Saudi Arabia will fall under the “upscale” or “luxury” categories (4-star and 5-star).
According to the World Trade Organization, hotels in the 4- and 5-star categories typically require 1-2 employees per room on average; this indicates that between 232,000 and 387,000 key staff members may need to be accommodated in this sector of the hospitality market in Saudi Arabia.
Based on Knight Frank’s analysis, Accor Hotels Group is expected to drop from its current first place position to become the second-largest operator of hotel rooms in the country.
It is expected that the group will manage up to 25,400 hotel keys by 2030, while Marriott International is anticipated to emerge as the largest hotel operator in Saudi Arabia, managing approximately 26,200 hotel keys by 2030.
The analysis by Knight Frank on the supply of hotels in Mecca and Medina reveals that there is a large number of hotel rooms—221,000 in total—that are either announced, planned, or under construction. This includes 40,000 rooms in Makkah Masar and 39,000 rooms in Dhakir Makkah.
Although much of this number is currently uncertain, it highlights the scale of development in the two cities, representing about 24.7% of the expected national total by 2030.
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