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Ar riyaSaudi arabiaAl ulaSaudi arabia generalAsh sharqiyahRua al madinahAl nabawiMovenpick waad alJean jacques morinMidscale economy divisionGroup deputyTradearabia news serviceHolding companyErth real estate companySofitel serviced residenceAmsa hospitality

Accor accelerates growth in Saudi Arabia

Accor accelerates growth in Saudi Arabia
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Ash sharqiyahSaudi arabiaAr riyaAl ulaSaudi arabia generalJean jacques morinAl nabawiRua al madinahMovenpick waad alGroup deputyErth real estate companyHolding companyMidscale economy divisionSaudi arabia visionSofitel serviced residenceAmsa hospitality

Accor accelerates growth in Saudi Arabia while boldly redefining hospitality with multi-faceted projects

Accor, a world-leading hospitality group, is pleased to provide an update on its ambitious expansion plans throughout Saudi Arabia, in keeping with the company’s commitment to support Saudi Arabia Vision 2030. Pivotal to these plans, are three recently announced signings with key strategic owning partners for exciting new hospitality projects: The Rua Al Madinah project, in Madinah; a master-planned development project in Riyadh; and, a multi-city, master development agreement with Amsa Hospitality.

Saudi arabiaAr riyaAsh sharqiyahSaudi arabia generalAl ulaUnited statesMovenpick waad alRua al madinahJean jacques morinAl nabawiGroup deputyMidscale economy divisionHolding companyErth real estate companySaudi arabia visionSofitel serviced residence

Amsa Hospitality Startup Brings 18 Hotels to Saudi Arabia

Amsa Hospitality, a Saudi startup in Arabian hospitality in local and international markets, signed a master development agreement with Accor.

Saudi arabiaAl ulaSaudi arabia generalAsh sharqiyahKingdom of saudi arabiaAsia pacificMohammad alathelDuncan orourkeDubai world trade centreMidscale economy divisionAmsa hospitalityMercure livingNovotel livingHandwritten collectionArabian travel marketChief executive officer

First-quarter 2023 revenue of €1,139 million up 54% like-for-like

The first quarter of 2023 demonstrated once again the robustness of the business recovery, quarter after quarter. This further acceleration in RevPAR (up 19% compared with first-quarter 2019) notably reflects the rebound of hotels in Asia following the lifting of the strict zero-COVID policy in China in late 2022. All the other regions also contributed to maintaining business activity at a substantially higher level than before the crisis.

United kingdomCity ofUnited statesFrance generalSaudi arabiaNew yorkMartine gerowSouth east asiaAnne laure kiechelBruno pavlovskyKamal rhazaliJean jacques morinIris knoblochBoston consulting groupMidscale economy divisionServices to owners