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Saudi Arabia is gearing up to develop 320,000 hotel rooms to cater to the projected surge in tourism, with the kingdom raising its projection for tourist numbers to 150 million by 2030, according to a new report.
Saudi Arabia: New Hotel Rooms to Accommodate Increased Numbers of Tourists.
The Kingdom of Saudi Arabia is expected to deliver 320,000 new hotel rooms – with a development cost of $37.8 billion – by 2030 as part of its unprecede
The Kingdom of Saudi Arabia is expected to deliver 320,000 new hotel rooms – with a development cost of US$37.8 billion – by 2030 as part of its unprecedented investment in infrastructure, tourism transformation and real estate, according to industry data released ahead of the Future Hospitality Summit Saudi Arabia, 29 April to 1 May.
As it revises tourism growth numbers, Kingdom needs all the hotel rooms it can build