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Amid ongoing market recovery, KSA prepares to meet hotel demand

A total of 32,621 hotel rooms are currently under construction in Saudi Arabia, as the Kingdom prepares to meet pent-up demand from pilgrims returning to the holy cities. This is according to the latest research from STR, commissioned by Arabian Travel Market 2022, which will take place at the Dubai World Trade Centre from May 9-12. The analysts found that the country’s ....

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France's Louvre Hotels to create 3,500 new jobs in Saudi Arabia

RIYADH: Louvre Hotels Group is planning to create more than 3,500 new jobs as part of its strategy to expand its portfolio to nearly 50 hotels in the Kingdom by 2025.
It currently has 16 hotels in Saudi Arabia and its expansion will begin this year with the opening of five new hotels. They are the 94-room Golden Tulip Riyadh, the 84-room Golden Tulip Unaizah, the 70-room Tulip Inn Dammam Corniche, the 150-room Tulip Inn Al Balaad Madinah and the 454-room Golden Tulip Umm Al Qurah in Makkah. The French hotelier is also planning to roll out the Campanile brand across the Kingdom.
“Saudi Arabia represents a strategic market for our global development, due in great part to its focus on tourism and the extraordinary choice of destinations it offers. Launching Campanile, our midscale brand, in this region is a point of pride for us because we want to inaugurate an innovative yet affordable offer, able to satisfy local customers and international tourists alike,” Pierre-Fréd ....

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Ramadan hotel occupancy rebounds close to pre-pandemic levels

JEDDAH: The Middle East’s hotel occupancy rates approached 2019 levels during Ramadan and Eid Al-Fitr this year, according to data from the hotel management analytics firm STR.
The report highlighted near-normal occupancy levels in the region during the holy month, helping key markets outperform global peers.
Hotels in Alkhobar city, in Saudi Arabia’s Eastern Province, reported the highest average occupancy level in the Kingdom with 63.5 percent.
On the country’s west coast, Jeddah’s occupancy levels dropped during the last week of Ramadan but climbed back during Eid to 58.6 percent. With the return of Umrah this year for vaccinated or COVID-recovered pilgrims only, Makkah’s hotel industry showed improved performance, although it remains below its full capacity due to safety measures and the suspension of overseas pilgrims. ....

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