29/04/2014
Accommodate approximately 35 thousand hotel rooms within 5 years
ROI hotel in Saudi Arabia exceeds 21%
The report said that the international economic hotel market offers attractive investment opportunities in Saudi Arabia, the Saudi market could absorb additional hotel rooms is estimated at 34.882, over the next five years to span the various major cities in Saudi Arabia. The report of the Group of interested world kolris hotel sector activity, to the world class tourist hotels to the Saudi market would be influential in the market of the future. Reflecting the growing investment in the hotel sector in the Kingdom and that tourist hotels operate a profitable economic very effective pricing strategy is sustainable and less volatile, based on the profitability ratios of tourist hotels, adding that new developments in this regard prove a profitable investment with the potential to employ internal rate of return between 18 and 21 per cent.
The report noted that there is a limited amount of tourist hotels economic quality in Saudi Arabia and, in this regard, said Shihab bin Mahmoud, Executive Vice President, head of consulting, hotels in the Middle East and Africa at Jones Lang LaSalle that Saudi Arabia is the largest market for hotels and travel in the region, with many resorts and hotels that offer competitive prices and heritage hotels and city hotels, sometimes some measures the overall vision for the Saudi market by activity in the Holy places in Mecca And Medina, the market hotel investment is much broader and with historical transformations especially in Riyadh and some cities in the various regions, expected to record a growth rate of hotels has one of the highest rates in the world. Ben Mahmoud, said that Saudi passengers can make the difference in orientation towards the internal tourism, which is the Kingdom of natural and historical tourist sites, such as this would enhance the power of the tourism sector in Saudi Arabia.
Dr. Nasser Al tayyar Said Al tayyar Group Chairman Travel & tourism the hotel industry's growth rate of at least 14 percent a year in Saudi Arabia, where Saudi hotel sector is in an emerging sector. He said the tourism authority show the current statistics, which demonstrates the existence of many hotels that you will see the light in all regions on different levels, also notes that the hotel industry began to evolve and take the level outside the country, now we see the high standards of the services provided. He noted that the new project you need to provide additional services with the growing demand, where tourism in Saudi Arabia grew up to 25 per cent. The Arabian hotel investment leadership conference 2014 will award Prince Sultan bin Salman bin Abdul Aziz, President of the Saudi Commission for tourism and antiquities, in recognition of its important role in the development of the tourism and hotel investment in Saudi Arabia, at the opening of the Conference, to be held at the Madinat Jumeirah in Dubai on 4 and 5 May next week on the sidelines of the Arabian travel market Forum The Saudi Commission for tourism and Antiquities. Meanwhile, shares in the 21st Arab travel market in Dubai, which will be held next week from Monday to Thursday from 5-8 may, and have completed the Saudi Commission for tourism and Antiquities and its partners working in the travel and tourism industry and the travel and accommodation, to represent Saudi Arabia for Umrah in the annual competition on the market. Hamad Al-Sheikh said, Vice President for marketing at the Saudi Commission for tourism and antiquities that participation designed to highlight cultural and tourist features of Saudi Arabia on the Gulf, Arab and international marketing as a distinctive destination for GCC nationals.
Al Sheikh said that the Saudi Pavilion is inspired by the design of the architecture of ancient algazanet. Stressing that the Gulf market is one of the most important target markets since the GCC nationals do not require a visa to enter Saudi Arabia. The information and research center of tourism indicated that the GCC nationals and residents in 2013, more than five million and 215 a tourist trip to Saudi Arabia for various purposes-led business and visits to visit family and friends, shopping, excursions, as well as to visit the Holy places. And participates in the Saudi Pavilion 24 tour operator and travel agency, 13 hotels and three companies and four companies, as well as the wing of the national program of exhibitions, conferences, and the national program for crafts (Barea) through a number of artisans, and a wing area of Taif (bride of summer resorts).
