Potential Investment Opportunities in the Riyadh Luxurious Resorts : 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 The report titled “Potential Investment Opportunities in the Riyadh Luxurious Resorts” provides information on overview of hospitality market within Riyadh, factors influencing the hospitality market in Riyadh region, current and future demand and supply, market insight and performance, key expected upcoming luxury resort projects, potential demand on long-term lease and annual subscription, key features and characteristics of luxurious resorts in Saudi Arabia, competitive analysis of major luxurious resorts within Riyadh, target customers and recommended branded operators. The report concludes with investment opportunities, success factors, gap analysis and future outlook. The report is useful for 5 star as well as 4 star hoteliers, investors in Riyadh hospitality Sector, hospitality industry associations, government / regulatory authorities and Ministry of Tourism. Current and Future Demand and Supply: The market showcased a strong potential owing to increasing personal disposable income among Saudi Nationals, improving tourism as well as leisure activities of people, developing infrastructure capabilities, increasing influx of foreign guests and others. Increasing supply of luxury resorts in the KSA is potentially threatening the dominance of the UAE in the high-end hospitality market. As the Riyadh market remains dominated by the luxury hospitality sector, the entry of mid-market hotel brands can lead to rise in competition within the overall hospitality market in the near future. Riyadh Hospitality Market Overview: 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. Some of the other factors include increasing number of tourist arrivals, air transport infrastructure, reception and weddings, influx of luxury hotels around Riyadh, rising exhibitions, events, trade fairs and entertainment centers and ultra-high net worth individuals. Major target audience of luxurious resorts within Riyadh city includes the local Saudi audience who come along with their families for a vacation and book high-end villas for their premium services such as private pool, garden, LCD, kitchen equipments and others. Market Insight and Performance: After years of relative stability, the luxurious resort market in Riyadh city faced a difficult business environment in 2017 owing to price fluctuations in crude oil coupled with decline in corporate visitation along with new hotels and resort project delays. The market recovered in 2018 majorly with government economic reforms and reduction in ongoing hotels and resorts project delays which led to a higher supply of resort villas in Riyadh. Introduction of internationally branded hotel rooms and expected associations / tie-ups between high-end brands and resorts can boost the market growth in the near future. The average daily occupancy rate of luxurious resorts within Riyadh is estimated to increase in the near future. The challenges in maintaining a higher occupancy will have a direct impact on older resort properties such as Vivienda Granade Resort, Al-Faisaliah Resort and Spa, Braira Hitin and others. Potential Demand on Long-term Leasing of Resorts in Riyadh The trend of outsourcing luxurious resort is not that popular in Riyadh as the guest usually visit resort for an exclusive experience and hence there are limited chances of repeat visit. In accordance with the 21st International Hotel Investment Forum 2018, multiple branded operators have showcased interest towards agreeing on long term hotel leasing over the world, including the Kingdom of Saudi Arabia (KSA) in order to expand their business operations for instance, Radisson Collection. In line with this, other branded operators are seeking to embark their emergence into luxury resort segment in Riyadh to broaden their portfolio. Competitive Analysis: Competition within the Riyadh luxurious resorts market was observed to highly fragmented along with the presence of limited high-end/premium resorts in the capital city. These resorts compete on the basis of various parameters such as target audience, resort facilities / amenities, land area, location of the resort, type of villas, room supply, average daily occupancy rate, average daily rent per night and others. Riyadh Hospitality Market Future Outlook, Opportunities and Development Trends Future outlook of hospitality market is expected to be positive in Saudi Arabia due to various development initiatives in the capital city Riyadh. Apart from the 2 planned mega-malls, the recently announced Entertainment City project led by the public fund will help boost the tourist leisure demand, especially from Saudi Nationals. 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. 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 Post Views: 3 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 Market Riyadh Luxurious Resorts Market Research Report Riyadh Luxurious Resorts Industry 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