Hospitality & Entertainment

ولي العهد يطلق صندوق الفعاليات الاستثماري لتمكين 4 قطاعات واعدة

Reading time: 2 Minutesولي العهد يطلق صندوق الفعاليات الاستثماري لتمكين 4 قطاعات واعدة في الاستثمار

01/17/2023

Crown Prince Mohammed bin Salman

“Maeen officially launches hospitality service as part of its home packages in Riyadh

A service to book one or two hostesses for 4/6/8 hours per day in specific neighborhoods in Riyadh via a specific application.

Hisham Al Qasem Real Estate Articles - Real Estate Investment - National Day 95 - Housing Projects Don't buy a property without a consultant - The Journey of Home Ownership

Recreational real estate in Saudi Arabia. From luxury to a promising economic engine

The entertainment sector grows 15% in 2024 and forecasts a CAGR of 12% through 2030, with investment opportunities and operational challenges.

Malak Al Saadoun - Rest Houses and Resorts

Poll: Saadon owners: Attractive resorts and lounges combine residential units with children's activities

The brokerage points to high summer demand for family vacations and resorts with tips for maintaining income throughout the year.

With 49.4 billion riyals. Saudi Arabia first globally in international tourism revenue growth in Q1 2025

Travel surplus of SAR 26.8 billion and visitor spending growth of 10% in Q1, supporting Vision 2030 targets

“Statistics”: 63% hotel room occupancy rate in the first quarter of 2025

The average daily rate in hotels fell 3.4% to around 477 riyals, and the total employment in the sector rose 4.1%.

Residential program

Video... An expert explains the criteria for choosing a tourist property

Explaining the requirements and classifications of tourism real estate, taking into account the needs of visitors and investment opportunities within the Saudi Vision 2030

Ministry of Tourism-Housing Rentals

Saudi tourism in 2024. 116 million tourists and spending exceeds 284 billion riyals

The Ministry of Tourism details 2024 measurements in the report: 30 million international visitors (+8%) and 86.2 million domestic tourists.

Abu Dhabi

Luxury brands are redrawing the real estate map in Abu Dhabi

Luxury brand residences in Abu Dhabi are priced lower than Dubai, AED 2500-4000 per meter, and are attracting new investment projects.

Ministry of Tourism-Housing Rentals

Tourism sector continues to grow A rise in the number of workers, occupancy rates and prices

Q4 2024: Tourism jobs are up 4% with varying occupancy rates and fluctuating prices.

Riyadh city

Significant growth in the hospitality sector 362K new hotel rooms and 150 million visitors by 2030

Knight Frank predicts a massive expansion in luxury hotel supply with 150 million visitors targeted and visa facilitation support.

Franchise Expo Jeddah.

Franchise Expo showcases the expansion of Saudi brands globally

Exhibition sessions in Jeddah highlighted expansion strategies and opportunities for Saudi brands to enter global markets with the support of Vision 2030

Riyadh Real Estate - Hotel Room

281,000 hotel rooms licensed in 2024 The growth rate is 69.5%

Total licensed rooms 476,000 in 2024 with a target of 675,000 rooms by 2030

333 % Growth in the number of licenses for private tourist hospitality facilities through 2024

The Ministry of Tourism issued 8,357 licenses for private tourist hospitality facilities in 2024 as part of the "Our Guests are a Priority" campaign.

“Tourism” announces that the number of licensed rooms will rise to 475 thousand by the end of 2024

Ministry: 69% growth in 2024 thanks to easier licenses, "Our Guests are a Priority" campaign, and alignment with Vision 2030.

Foreign Tourists Saudi Tourism Festivals

 154 billion riyals spent by foreign tourists in Saudi Arabia last year

Total tourism spending rises 14%, supported by increased visitors and more than $500 billion in tourism investments.

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