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Saudi Arabia Hotel Market, Volume & Forecast by Type (High End, Mid Scale, Budget) Ordering Platform (Online, Offline), Regions, Company

Published By :

Renub Research

Published Date : Oct 2019

Category :

Travel Services

No. of Pages : 260 Pages

Saudi Arabia hotel market has grown significantly in recent years and is expected to continue growing in the forecast period. With significant demand for leisure, corporate, and religious visitors, Saudi Arabia has lured many international and national hotel chains. The Saudi Arabia hotel industry is driven by rapid economic growth, the development of real estate projects investment, and Constructions. Besides, the growing tourism demand in the country has played an essential role in the accelerated growth of the tourism industry as well as the hotel industry. The Kingdom has also project to grow the number of Hajj and Umrah tourists, presently the major contributor to the kingdom visitor number to 30 Million by 2030 from around 19 Million in 2019. Saudi Arabia Hotel Market is projected to be more than USD 24 Billion by the end of the year 2025.

Saudi’s Vision of 2030, taking prior initiatives into the Hotel industry; likewise, according to the Index Saudi, the government plan to open 144 pulse hotel and 56,106 rooms between the years 2019 to 2021. This year, the government is going to open 44 new hotels, and the next couple of years by 2020, the government plan to open 15 new hotels, and by 2021, 21 projects are in their pipeline. Apart from that, 41 and 9 hotels are in pre-planning stages.

Many hotel (4+start, 4 stars, 3 stars, and 2 Star) companies in the Kingdom has grown rapidly and as per our study, we have covered companies future prospect say for instance, the Intercontinental Hotel Group (IHG) to open Voco hotel with 4,200 rooms, Accor Hotels Middle East will open 13,500 rooms by 2020, and Marriott International pipeline of 29 hotels and over 5700 rooms in the Kingdom by 2030 and many more companies in cities like Makkah, Medina, Riyadh, and Jeddah.

Also, with the assistance of internet hotel booking, the high-end hotel and mid-scale hotel in Saudi Arabia is a significant contributor to the rapid development of the financial community. International and national tourists in Saudi Arabia are more likely to book their hotels online through the region, mostly in Makkah, Medina, Riyadh, Jeddah, and Dammam. The Government of Saudi Arabia is committed to enhance citizens ' quality of life by implementing its "Vision 2030."

Renub Research report title “Saudi Arabia Hotel Market, Volume & Forecast by Type (High End, Mid Scale, Budget) Ordering Platform (Online, Offline), Regions (Makkah, Medina, Riyadh, Jeddah and Dammam), Company (Dur Group, Al Hokair Group, Altyaar Group, IHG Group, Marriot International, Accor Middle East, Hilton Hotels)” provides a complete analysis of Saudi Arabian’s Hotel Market. 

By Hotel Type – High End Hotel Market Dominates the Hotel Market in Saudi Arabia

The report studies the market of the following hotel segments: High End, Mid Scale, and Budget. High-end hotel controls the largest market share in this market place.

By Ordering Platform – Online Hotel Booking Market is steadily Growing

In the Saudi Arabia hotel market, Online hotel booking market is steadily growing. This report covers two types of ordering platform: online and offline. It is predicted that by 2025, the online hotel market will increase tremendously.

By Region – Saudi Arabia Hotel Market

This report covered Hotels Status in the following Regions: Makkah, Medina, Riyadh, Jeddah, and Dammam. Each region provides the following details: Number of Room, Room Average Daily Rate (ADR), Revenue per Available Room (RevPAR), and Occupancy Rate in the Region.

Hotel/Company Analysis - All the hotels have been studied from two points

  • Recent Development or Strategy
  • Sales

Hotels Cover in the Report

  • Dur Group
  • Al Hokair Group
  • Altyaar Group
  • IHG Group
  • Marriot International
  • Accor Middle East
  • Hilton Hotels

Hotel Type- Saudi Arabia Hotel Market by Value

  • High End Hotel
  • Mid Scale Hotel 
  • Budget Hotel

Hotel Type- Saudi Arabia Hotel Market by Volume

  • Premium Hotel (4+ star)
  • Mid-Scale Hotel (3+ star)
  • Budget Hotel(2+star)

Ordering Platform - Saudi Arabia Hotel Market

  • Online
  • Offline

By Region - Saudi Arabia Five Star Hotel Status

  • Makkah
  • Medina
  • Riyadh
  • Jeddah 
  • Dammam

Each Region provides the following Details

  • Number of room
  • Room average daily rate (ADR)
  • Revenue per available room (RevPAR)
  • Occupancy rate 

Table of Content

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamic
4.1 Growth Drivers
4.1.1 Attracting International Brands
4.1.2 Luxury Resorts in Construction
4.1.3 Growing Hajj and Umrah Visitor
4.1.4 Increasing Religious Tourism
4.1.5 Increasing Hotel Room Supply
4.1.6 Government Initiatives
4.2 Challenges
4.2.1 Increasing Competition
4.2.2 Oversupply Concerns
4.2.3 Cultural and Language Differences
4.3 Opportunities
4.3.1 Investment into Alternative Sectors
4.3.2 Extended Stay Operators Eye Growth Opportunities
4.3.3 Various Expansion projects to Transportation Hubs

5. Saudi Arabia Hotel Market
5.1 Market
5.2 Volume
5.3 ADR (Average Daily Rent Per Night)
5.4 REVPAR (Per Room per Night)
5.5 Occupancy Rate

6. Share – Saudi Arabia Hotel Analysis
6.1 Hotel Type Market
6.2 Hotel Type Volume
6.3 Ordering Platform

7. Hotel Type – Saudi Arabia Hotel Market and Volume
7.1 High End Hotel
7.1.1 Market
7.1.2 Volume
7.2 Mid Scale Hotel
7.2.1 Market
7.2.2 Volume
7.3 Budget Hotel
7.3.1 Market
7.3.2 Volume

8. Ordering Platform – Saudi Arabia Hotel Market
8.1 Online Hotel Market
8.2 Offline Hotel Market

9. Region - Saudi Arabia Hotel Market
9.1 Makkah
9.1.1 Number of Rooms
9.1.2 Room Average Daily Rate (ADR)
9.1.3 Revenue per Available Room (RevPAR)
9.1.4 Occupancy Rate
9.2 Medina
9.2.1 Number of Rooms
9.2.2 Room Average Daily Rate (ADR)
9.2.3 Revenue per Available Room (RevPAR)
9.2.4 Occupancy Rate
9.3 Riyadh
9.3.1 Number of Rooms
9.3.2 Room Average Daily Rate (ADR)
9.3.3 Revenue per Available Room (RevPAR)
9.3.4 Occupancy Rate
9.4 Jeddah
9.4.1 Number of Rooms
9.4.2 Room Average Daily Rate (ADR)
9.4.3 Revenue per Available Room (RevPAR)
9.4.4 Occupancy Rate
9.5 Dammam
9.5.1 Number of Rooms
9.5.2 Room Average Daily Rate (ADR)
9.5.3 Revenue per Available Room (RevPAR)
9.5.4 Occupancy Rate

10. Mergers and Acquisitions

11. Hotel/Company Analysis
11.1 Dur Group
11.1.1 Resent Development or Strategy
11.1.2 Revenue
11.2 IHG Group
11.2.1 Resent Development or Strategy
11.2.2 Sales
11.3 Marriot International
11.3.1 Resent Development or Strategy
11.3.2 Sales
11.4 Accor Middle East
11.4.1 Resent Development or Strategy
11.4.2 Revenue
11.5 Hilton Hotels
11.5.1 Resent Development or Strategy
11.5.2 Revenue

List of Chart

List of Figures:

Figure-01: Saudi Arabia Hotel Market (USD Billion), 2015 – 2018
Figure-02: Forecast for Saudi Arabia Hotel Market (USD Billion), 2019 – 2025
Figure-03: Saudi Arabia Hotel Volume (In Number), 2015 – 2018
Figure-04: Forecast for Saudi Arabia Hotel Volume (In Number), 2019 – 2025
Figure-05: Saudi Arabia Hotel ADR (Average Daily Rent Per Night) (USD Million ), 2015 – 2018
Figure-06: Forecast for Saudi Arabia Hotel ADR (Average Daily Rent Per Night) (USD Million ), 2019 – 2025
Figure-07: Saudi Arabia Hotel REVPAR (Per room per night) (USD Million), 2015 – 2018
Figure-08: Forecast for Saudi Arabia Hotel REVPAR (Per room per night) (USD Million), 2019 – 2025
Figure-09: Saudi Arabia Hotel Occupancy Rate (USD Million), 2015 – 2018
Figure-10: Forecast for Saudi Arabia Hotel Occupancy Rate (USD Million), 2019 – 2025
Figure-11: Saudi Arabia - Market Share Analysis By Hotel Type (Percent),  2015– 2018
Figure-12: Saudi Arabia - Forecast For Market Share Analysis By Hotel Type (Percent), 2019– 2025
Figure-13: Saudi Arabia - Volume Share Analysis by Hotel Type ( Percent), 2015 - 2018  
Figure-14: Saudi Arabia -  Forecast For Volume Share Analysis By Hotel Type ( Percent), 2019 - 2025  
Figure-15: Saudi Arabia - Ordering Platform Share Analysis ( Percent), 2015 - 2018  
Figure-16: China – Forecast For Ordering Platform Share Analysis ( Percent), 2019 - 2025  
Figure-17: High End Hotel Market (USD Billion), 2015 – 2018
Figure-18: Forecast for High End Hotel Market (USD Billion), 2019 – 2025
Figure-19: High End Hotel Volume  (In Number), 2015 – 2018
Figure-20: Forecast for High End Hotel Volume  (In Number), 2019 – 2025
Figure-21: Mid Scale Hotel Market (USD Billion), 2015 – 2018
Figure-22: Forecast for Mid Scale Hotel Market (USD Billion), 2019 – 2025
Figure-23: Mid Scale Hotel Volume (In Number), 2015 – 2018
Figure-24: Forecast for Mid Scale Hotel Volume (In Number), 2019 – 2025
Figure-25: Budget Hotel Market (USD Billion), 2015 – 2018
Figure-26: Forecast for Budget Hotel Market (USD Billion), 2019 – 2025
Figure-27: Budget Hotel Market (In Number), 2015 – 2018
Figure-28: Forecast for Budget Hotel Market (In Number), 2019 – 2025
Figure-29: Online Hotel Market (USD Billion), 2015 – 2018
Figure-30: Forecast for Online Hotel Market (USD Billion), 2019 – 2025
Figure-31: Offline Hotel Market (USD Billion), 2015 – 2018
Figure-32: Forecast for Offline Hotel Market (USD Billion), 2019 – 2025
Figure-33: Makkah – Hotel Rooms (In Number), 2015 - 2018 
Figure-34: Makkah – Forecast for Hotel Rooms (In Number), ), 2019 – 2023
Figure-35: Makkah – Hotel  Room Average Daily Rate (USD Million), 2015 – 2018
Figure-36: Makkah - Forecast for Holet Room Average Daily Rate (USD Million), 2019 – 2025
Figure-37: Makkah – Hotel Revenue per Available Room (RevPAR) (USD Million), 2015 – 2018
Figure-38: Makkah - Forecast for Hotel Revenue per Available Room (RevPAR) (USD Million), 2019 – 2025
Figure-39: Makkah - Hotel Occupancy Rate Percent (%), 2015 – 2018
Figure-40: Makkah - Forecast for Hotel Occupancy Rate Percent (%), 2019 – 2025
Figure-41: Medina – Hotel Room (In Number), 2015 – 2018
Figure-42: Medina – Forecast for Hotel Room (In Number), 2019 – 2025
Figure-43: Medina – Hotel Room Average Daily Rate (USD Million), 2015 – 2018
Figure-44: Medina - Forecast for Hotel Room Average Daily Rate (USD Million), 2019 – 2025
Figure-45: Medina - Hotel Revenue Per Available Room (RevPAR), 2015 – 2018
Figure-46: Medina - Forecast for Hotel Revenue Per Available Room (RevPAR), 2019 – 2025
Figure-47: Medina - Occupancy Rate Percent (%), 2015 – 2018
Figure-48: Medina- Forecast for Occupancy Rate Percent (%), 2019 – 2025
Figure-49: Riyadh – Hotel Room (In Number), 2015 – 2018
Figure-50: Riyadh –  Forecast for Hotel Room (In Number), 2019 – 2025
Figure-51: Riyadh - Room Average Daily Rate (USD Million), 2015 – 2018
Figure-52: Riyadh - Forecast for Hotel Room Average Daily Rate (USD Million), 2019 – 2023
Figure-53: Riyadh – Hotel Revenue per Available Room (USD Million), 2015 – 2018
Figure-54: Riyadh - Forecast for Hotel Revenue per Available Room (USD Million), 2019 – 2025
Figure-55: Riyadh – Hotel Occupancy Rate Percent (%), 2015 – 2018
Figure-56: Riyadh - Forecast for Hotel  Occupancy Rate Percent (%), 2019 – 2025
Figure-57: Jeddah – Hotel Room (In Number), 2015 – 2018
Figure-58: Jeddah –  Forecast for Hotel Room (In Number), 2019 – 2025
Figure-59: Jeddah – Hotel Room Average Daily Rate (USD Million), 2015 – 2018
Figure-60: Jeddah - Forecast for Room Average Daily Rate (USD Million), 2019 – 2025
Figure-61: Jeddah – Hotel Revenue per Available Room (USD Million), 2015 – 2018
Figure-62: Jeddah - Forecast for Hotel Revenue per Available Room (USD Million), 2019 – 2025
Figure-63: Occupancy Rate Percent (%), 2011 – 2018
Figure-64: Forecast for Occupancy Rate Percent (%), 2019 – 2023
Figure-65: Dammam  – Hotel Room (In Number), 2015 – 2018
Figure-66: Dammam  –  Forecast for Hotel Room (In Number), 2019 – 2025
Figure-67: Dammam – Hotel Room Average Daily Rate (USD Million), 2015 – 2018
Figure-68: Dammam - Forecast for Hotel Room Average Daily Rate (USD Million), 2019 – 2023
Figure-69: Dammam – Hotel Revenue per Available Room (USD Million), 2015 – 2018
Figure-70: Dammam - Forecast for Hotel Revenue per Available Room (USD Million), 2019 – 2025
Figure-71: Dammam – Hotel Occupancy Rate Percent (%), 2015 – 2018
Figure-72: Dammam - Forecast for Hotel Occupancy Rate Percent (%), 2019 – 2025
Figure-73: Dur Group Revenue (USD Million), 2015 – 2018
Figure-74: Forecast for Dur Group Revenue (USD Million),  2019 – 2025
Figure-75: IHG Group Revenue (USD Million), 2015 – 2018
Figure-76: Forecast for IHG Group Revenue (USD Million ), 2019 – 2025
Figure-77: Marriot International Revenue (USD Million), 2015 – 2018
Figure-78: Forecast for Marriot International Revenue (USD Million), 2019 – 2025
Figure-79: Accor Middle East Revenue (USD Million), 2015 – 2018
Figure-80: Forecast for Accor Middle East Revenue (USD Million), 2019 – 2025
Figure-81: Hilton Hotels Revenue (USD Million), 2015 – 2018
Figure-82: Forecast for Hiltons Hotel Revenue (Million RMB), 2019 – 2023

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