Markets

Report: Saudi Arabia's hotel industry is set to boom as luxury supply expands

Reading time: 2 Minutesيتجه القطاع الفندقي في المملكة العربية السعودية نحو مرحلة جديدة من النمو غير المسبوق، مع خطط ضخمة لتوسيع المخزون الفندقي وتلبية الطلب المتزايد على الغرف ... Read more

The report finds a jump in the number of luxury hotel rooms in Saudi Arabia driven by major projects and rising tourism and investment demand.

12/02/2026

Riyadh city

To prepare young people for the labor market Al Diriyah Company announces the start of a training program in the field of hospitality

Registration begins today for a 12-week intensive training program to qualify young men and women from Diriyah to work at Bab Samhan Hotel.

Mons Sajaa MARZ Collection

Dr. Moanes Shujaa as CEO of MARZ Group

He will lead the development and governance of the MARZ National Petroleum Industries Group, which owns several factories and is owned by Mohamed Marzouki.

Ministry of Tourism-Housing Rentals

A leap forward for the tourism sector. Developing 320,000 hotel rooms in Saudi Arabia by 2030

Knight Frank predicts 150 million visitors by 2030 and a USD 94.6 bn economic boost from hosting the Expo.

Rotana Company

Rotana plans to open 7 new hotels in Saudi Arabia in 5 years

Plan to increase total rooms to 4,400 across 16 hotels and expand the Rayhaan brand to 2,080 rooms.

“City Visions Holding signs agreement with Hilton to operate more than 1600 hotel units

An agreement with Hilton to operate more than 1,600 hotel units across three brands and create more than 1,100 jobs.

Hospitality Investment Potential Initiative seeks to attract investments worth SAR 42 billion

Ministries of Tourism and Investment launched at Riyadh Summit to attract investment with incentives, expecting 120,000 jobs and additional hotel rooms

NEOM's logo

NEOM signs agreement with Marriott to open Ritz-Carlton Reserve in Trogina

The project includes 60 luxury villas, a spa, swimming pools, apartments, chalets, restaurants and shops.

2500 modern homes in the new Al Dana project on the Arabian Gulf coast

ROSHN launches Al Dana project in Dhahran on 1.7 million square meters with integrated facilities and accommodates about 10,000 residents.

Hospitality and Leisure

Hospitality sector to attract investments worth SAR 42 billion by 2030

Investment Enablers Initiative aims to attract SAR 42 billion, boost hotel infrastructure and create 120,000 jobs by 2030

Tourism Ministry reviews tourism investment potential program in Berlin

The ministry has introduced an initiative to boost the hospitality sector that aims to attract SAR 42 billion and create 120,000 jobs by 2030

Qiddiya Launches Dragon Ball Park

“Dragon Ball. Qiddiya launches the world's first theme park

Over half a million square meters with over 30 rides and a strategic partnership with Tuwaii Animation

Trium destination

NEOM announces Trium, a new destination for adventure and nature enthusiasts on the Gulf of Aqaba

The new destination on the edge of the Gulf of Aqaba features a 250-room resort, a bridge design, and a 450-meter-long panoramic pool.

Minister of Tourism Ahmed Al-Khatib

Saudi Arabia launches ambitious program to attract local and international investments in the tourism sector

Investment Enablers Initiative aims to attract 42 billion riyals, increase 42,000 rooms and 120,000 jobs by 2030

Leap Conference

The third edition of LEAP 2024 kicks off today amid international attendance

Held at the Riyadh Exhibition Center in Malham until March 7 with international speakers and a startup competition with over $1 million in prizes.

Tourism Minister's speech at the 100 Million Marhaba Ceremony

Video | Ministry of Tourism celebrates reaching 100 million tourists by the end of 2023

The ministry celebrates the achievement of 106.2 million tourists and tourism spending exceeding SAR 250 billion, and targeting 150 million by 2030.

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