Since September 2019, when the Kingdom of Saudi Arabia opened its doors to international tourism by introducing e-visas and visas on arrival to tourists from 49 countries, there has been no turning back for the hospitality business in Saudi Arabia.
Saudi Arabia has become one of the world’s most competitive marketplaces for the hospitality industry despite the global economic downturn.
According to Statista, an online service specialising in market and consumer statistics, the hotel industry in the Kingdom is forecast to produce $2.51 billion in revenue this year and $3.02 billion by 2027.
According to Dimitris Manikis, president of Europe, the Middle East, Eurasia, and Africa for Wyndham Hotels & Resorts, “Saudi Arabia was named the most-visited Arab country in 2022 and is set to continue a growth trajectory for years to come.” This was reported in Arab News.
Future Hospitality Summit events “underpin the Kingdom’s efforts,” he continued, “opening the floodgates to regional and international travellers and investors,” and therefore will play a crucial role in firmly securing Saudi Arabia’s place on the global map as a destination for business and leisure.
Since September 2019, when the Kingdom of Saudi Arabia opened its doors to international tourism by introducing e-visas and visas on arrival to tourists from 49 countries, there has been no turning back for the hospitality business in Saudi Arabia.
Saudi Arabia has become one of the world’s most competitive marketplaces for the hospitality industry despite the global economic downturn.
According to Statista, an online service specialising in market and consumer statistics, the hotel industry in the Kingdom is forecast to produce $2.51 billion in revenue this year and $3.02 billion by 2027.
According to Dimitris Manikis, president of Europe, the Middle East, Eurasia, and Africa for Wyndham Hotels & Resorts, “Saudi Arabia was named the most-visited Arab country in 2022 and is set to continue a growth trajectory for years to come.” This was reported in Arab News.
Future Hospitality Summit events “underpin the Kingdom’s efforts,” he continued, “opening the floodgates to regional and international travellers and investors,” and therefore will play a crucial role in firmly securing Saudi Arabia’s place on the global map as a destination for business and leisure.
Since September 2019, when the Kingdom of Saudi Arabia opened its doors to international tourism by introducing e-visas and visas on arrival to tourists from 49 countries, there has been no turning back for the hospitality business in Saudi Arabia.
Saudi Arabia has become one of the world’s most competitive marketplaces for the hospitality industry despite the global economic downturn.
According to Statista, an online service specialising in market and consumer statistics, the hotel industry in the Kingdom is forecast to produce $2.51 billion in revenue this year and $3.02 billion by 2027.
According to Dimitris Manikis, president of Europe, the Middle East, Eurasia, and Africa for Wyndham Hotels & Resorts, “Saudi Arabia was named the most-visited Arab country in 2022 and is set to continue a growth trajectory for years to come.” This was reported in Arab News.
Future Hospitality Summit events “underpin the Kingdom’s efforts,” he continued, “opening the floodgates to regional and international travellers and investors,” and therefore will play a crucial role in firmly securing Saudi Arabia’s place on the global map as a destination for business and leisure.
One of the defining developments in the sector is the emphasis on sustainability, according to Ahmad Darwish, chief administrative officer at Red Sea Global, as quoted in Arab News. Unique to the Red Sea (Global) is the goal of delivering a 30% net conservation benefit to the world by 2040 through regenerative tourism.
SOURCE :- https://www.breakingtravelnews.com/news/article/saudi-hospitality-sector-continues-to-evolve/
