Saudi Arabia

Saudi Plans 315K New Hotel Rooms by 2030, More Than Double Dubai’s Number

Saudi Arabia plans to open 315,000 new hotel rooms by 2030, according to a report from property consultancy Knight Frank.

This would mean that the number of hotel rooms in the Kingdom would be more than double those in the neighbouring tourist hotspot of Dubai, which currently has 140,000 rooms.

Development of the hospitality sector is a major facet of Saudi Arabia’s Vision 2030 plan to diversify the economy away from oil.

“The volume of hotel room keys planned to be delivered in the Kingdom by 2030 is nothing short of incredible, with a total likely stock of close to 450,000 hotel rooms,” said Faisal Durrani, head of Middle East research in a statement.

Domestic tourism will be a major part of the Kingdom’s plan, Durrani explained. According to Knight Frank, 65 percent of Saudis travel within the country between one and three times a month.

Comments

Source
AlArabiya
Back to top button