Makkah has been ranked as one of the fastest growing cities in the world in the hotel and tourism sector, as it witnessed during the past two years the highest growth rate in the number of five-star hotels in its history, and the largest increase in hotel rooms in its history, bringing together all internationally renowned hotel brands and various hotel stars and classifications, making it reap great profitable returns.
Makkah is the most expensive investment sector in the world, and the most expensive investment sector in the world.
Mecca is the most expensive investment sector in the world
The Kingdom's Vision 2030 reinforces the private sector's interest in creating a luxurious world in the hospitality industry, as the government directs an increase in Umrah visas, which requires increasing the capacity of hostels and residential units, especially the areas surrounding the Makkah Haram or the Prophet's Mosque in Medina, which has a positive impact on the financial return on the hotel sector, as Makkah is the most expensive real estate investment in the world, as the price per square meter in some plots surrounding the Haram reaches one million riyals, and the gradual increase in Umrah visas for the coming years, in line with the completion of the huge expansions to the Makkah Grand Mosque to reach according to
Billion Muslims hope to visit the holy sites
With more than two billion Muslims in the world hoping to visit the holy capital and Medina, Abdulrahman Al-Sanea, Vice Chairman of the National Tourism Committee of the Council of Saudi Chambers, confirmed that Makkah and Medina have the largest attraction factor at the global level, adding that the accommodation sector in the holy capital, represented by hotels and apartments, achieves good occupancy rates of more than 70% annually of the available capacity in the holy capital, which is the best rate in the regions for hotels and hotel apartments, and the average prices for rooms are the highest, the peak season is Ramadan, then the period of the Hajj season.
100% occupancy rate for hotels
In a similar context, Ismail Sari, General Manager of the Conrad Makkah Hotel, said that Makkah is honored by God with many advantages, including large job opportunities in the hotel sector, and Sari believes that there is a great change in the accommodation sector in Makkah, for example, we have, for example, in Conrad Makkah, we have reached 38% happiness, including department managers and duty managers, and we were also able to achieve a change in work culture and professionalism in it and present it with a team spirit.
Sri explained that the peak season period, especially the last ten days of Ramadan this year, achieved 100% room occupancy without claiming marketing efforts, and of course there are periods of recession, but they are relatively few, and do not exceed the average of 40% usually, and the Gulf countries in particular and the Saudis in general, are the most visited to Mecca and demand the service of high-end hotels, and of course they do not need a visa to visit the Kingdom.
2532 licensed establishments in Makkah According to recent statistics of the Tourism Information Center "MAS", the number of hotels and hotel apartments licensed in Makkah from the General Authority for Tourism and National Heritage is 2532 establishments. According to recent statistics of the Tourism Information Center "MAS
It is worth noting that the number of visas issued to Umrah pilgrims this year reached six million two hundred and eighty thousand Umrah visas from various consulates and representatives of the Kingdom in various countries of the world, and Egyptian pilgrims are the most numerous in obtaining Umrah visas at the level of the Islamic world, then Pakistan and then Turkey. The number of visas issued to Umrah pilgrims this year until Ramadan of this year.
