Riyadh Hospitality Market is Expected to Showcase High Growth on Account of Massive Increase of Mid-Market Hotel Brands: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Buy Now Research Analysts at Ken Research in their latest publication “Potential Investment Opportunities in the Riyadh Luxurious Resorts” believe that introducing facilities such as outdoor cinemas, mobile applications for guests’ guide to book services, provide feedback and seek virtual tour, complimentary luxury car service within resort to explore, private recording studio, mini golf course in resorts, horse riding, water park, kid’s clubs and revitalizing resort entertainment will contribute to a rise in tourist influx within luxurious resorts within Riyadh. In the near future, Saudi Arabia’s travel and tourism’s contribution to GDP is further anticipated to grow at a healthy average ranging between 6-7% per year over the next decade. The supply composition of hospitality market within Riyadh city will be highly imbalanced in terms of five star and four star hotel supply as the city is expected to see rising number of mid-market hotel brands. High outflow of foreign expats could create a negative impact on the country’s overall hospitality and tourism industry, especially over Riyadh in the near future as the capital city has majority of the hotel population. Riyadh hospitality market has been undergoing a transition with austerity measures in KSA, plunge in crude oil prices and rise in Iqama fees and introduction of dependent fees due to Saudization. Riyadh hospitality market is expected to showcase high growth on account of massive increase of mid-market hotel brands. Whereas on the other hand, five star and four star hotels along with luxurious resorts are anticipated to display slow growth in the near future owing to higher penetration of consumers that prefer mid-range hotels over premium class resorts. Continued new supply of hotel/resort rooms and the market’s heavy reliance on business travel associates will also contribute to the KSA hospitality industry market performance in the near future. Major upcoming developments such as KAFD (King Abdullah Financial District) and Entertainment City are also predicted to bring in multiple tourists attractions in the near future. In addition to that, economic diversification away from the oil and gas sector under KSA Vision 2030 is further expected to result in growth of all economic sectors, which could aid in generating more hotel demand over the long term. Riyadh was also observed with beautiful wedding venues that seem to be a perfect fit for royal and destination weddings. Some of these popular resorts and hotels include Al Faisaliah Hotel, The Ritz-Carlton Riyadh, Nayyara Banqueting and Conferences Centre, The Four Seasons Hotel Riyadh and others. Amenities provided within major wedding venues include lavish ballrooms, bridal suites, personalized wedding planner, decorator and catering services, proper guest accommodation and others which make a resort ideal/appropriate for marriage and other big events / parties. Implementation of Saudization policy will limit the potential of foreign firms to expand as well as invest within Saudi Arabia because it has been mandatory to apply the Saudization system before expansion. As a result, it could restrict the influx of big international hotel brands, thereby creating a negative impact on the country’s hospitality and tourism industry. Key Segments Covered: By Type of Rented Units First Class Second Class Third Class Four Class By Type of Hotels One Star Two Star Three Star Four Star Five Star Key Target Audience 5 star and 4 star hoteliers Investors in Hospitality Sector Hospitality Industry Associations Government/Regulatory Authorities Ministry of Tourism Time Period Captured in the Report: Historical Period: 2012-2017 Muharram (22 Sep – 21 Oct 2017) Safar (22 Oct – 21 Nov 2017) Rabi’ I (22 Nov – 21 Dec 2017) Rabi’ II (22 Dec 2017 – 21 Jan 2018) Jumada’ I (22 Jan – 21 Feb 2018) Jumada’ II (22 Feb – 21 Mar 2018) Rajab (22 Mar – 21 Apr 2018) Sha’ban (22 Apr – 21 May 2018) Ramadan (22 May – 21 June 2018) Shawwal (22 Jun – 21 July 2018) Dhul-Qadah (22 Jul – 21 August 2018) Dhul-Hijjah (22 Aug – 21 Sep 2018) Future Forecast: 2023 Case Studies Covered: Vivienda Resort (Granada Branch) NOFA Resort (Radisson Collection) Al Faisaliah Resort and Spa Rest Resort Davli Resort Braira Resort (Hitin Branch) Key Topics Covered in the Report Executive Summary Research Methodology Riyadh Hospitality Market Overview Factors Influencing the Hospitality Market in Riyadh Region Current and Future Demand and Supply, 2018 and 2023 Market Insight and Performance Average Daily/Monthly/Annual Rental Rates of Luxurious Resorts in Riyadh Average Daily Occupancy Rates of Resorts in Riyadh Riyadh Hospitality Market Future Outlook, Opportunities and Development Trends Key Expected Upcoming Luxury Resort Projects in Riyadh Does the Landscape of Hospitality in Saudi Arabia is forecasted to be Positive and encouraging to invest in this Sector? Recommendations Regarding Success Factors of Developing Luxurious Resorts Key Features and Characteristics of Luxurious Resorts in Saudi Arabia Recommended Branded Operators for Luxurious Resorts Targeted Customers of Luxurious Resorts Potential Demand on Long-term Lease and Annual Subscription Resorts in Riyadh Recommendation for Type of Facilities to be Developed within Luxurious Resorts Competitive Analysis of Major Luxurious Resorts in Riyadh For more information on the research report, refer to below link: https://www.kenresearch.com/manufacturing-and-construction/infrastructure/resort-industry-riyadh-market-research-report/168981-97.html Related Reports https://www.kenresearch.com/manufacturing-and-construction/infrastructure/boyne-resorts-big-sky-2025-resort-expansion-montana/132068-97.html https://www.kenresearch.com/manufacturing-and-construction/infrastructure/gent-resorts-world-las-vegas-resort-hotel-casino-complex-nevada/71177-97.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-9015378249 Tags: Annual Subscription of Resorts, Average Occupancy Rates Luxurious Resorts Riyadh, Average Rental Rates of Luxurious Resorts Riyadh, Branded Operators Luxurious Resorts Riyadh, Development Trends Resorts Riyadh, Expected Occupancy Rates Luxurious Resorts Riyadh, Five star and Four Star Hotels in Riyadh, Hospitality Market In Riyadh, Impact of Saudization in Riyadh, Investment Opportunities Resorts Riyadh, Key Expected Upcoming Resort Projects in Riyadh, Luxurious Resorts Facilities KSA, Luxurious Resorts Market in Riyadh, Major Luxury Resorts in Riyadh, Occupancy Rate Resorts Riyadh, Opportunities Hotels Riyadh, Potential Long Term Leasing of Resorts, Resort Demand Riyadh, Resort Supply Riyadh, RevPAR Hotel Resorts Riyadh, Riyadh Hospitality Future Outlook, Riyadh Hospitality Industry Research Report, Riyadh Hospitality Market, Riyadh Hospitality Market Research Report, Riyadh Luxurious Resorts Industry Research Report, Riyadh Luxurious Resorts Market, Riyadh Luxurious Resorts Market Research Report, Riyadh Luxury Resorts Insight, Riyadh Travel and Tourism Industry, Success Factors Luxurious Resorts Riyadh, Tourist Influx in Riyadh, Upcoming Hotel Projects in Riyadh, Wedding and Events Market in Riyadh