Riyadh, Saudi Arabia – March 17, 2024 – Saudi Arabia is undergoing a historic transformation in its hospitality and real estate sectors, with 362,000 new hotel rooms set for development by 2030 as part of the Kingdom’s ambitious $110 billion tourism expansion. This game-changing growth is fueling unparalleled investment opportunities, according to fresh industry data released ahead of the Future Hospitality Summit (FHS) Saudi Arabia 2025.

Saudi Arabia’s Vision 2030: A Global Tourism Powerhouse

Saudi Arabia’s dynamic push into tourism, real estate, and infrastructure is reshaping the nation’s global standing. Vision 2030, the Kingdom’s blueprint for economic diversification, is setting new industry benchmarks while unlocking lucrative avenues for investors. The hospitality sector’s rapid expansion is further cementing Saudi Arabia as a premier destination for international business, leisure, and mega-events.

Record-Breaking Visitor Growth & Investment Prospects

Saudi Arabia welcomed 30 million international tourists in 2024, up from 27.4 million in 2023, showcasing an impressive upward trajectory. With a goal of 70 million international visitors annually by 2030, the Kingdom’s investment landscape is poised for massive growth.

Mega-Events Fueling the Hospitality Surge

The Kingdom’s appeal as a world-class events destination is further strengthened by upcoming global spectacles, including the 2029 Asian Winter Games, World Expo 2030, and FIFA World Cup 2034. These mega-events are expected to inject billions into the economy, drive demand for hospitality services, and elevate Saudi Arabia’s international tourism stature.

Hospitality Revenues Surge Past $5.6 Billion

Saudi Arabia’s hotel industry is already experiencing unprecedented success. STR data reveals that hotel room revenues hit an impressive $5.6 billion between January and October 2024, reflecting a 3.5% increase from 2023 and a 26.5% rise from 2019. Key markets such as Riyadh and Medina recorded strong growth in occupancy rates and ADR performance, reinforcing Saudi Arabia’s position as a booming hospitality hub.

Future Hospitality Summit Saudi Arabia 2025: Unveiling Investment Potential

The Future Hospitality Summit Saudi Arabia 2025, taking place from May 11-13 at Mandarin Oriental Al Faisaliah, Riyadh, will serve as a key platform for investors, developers, and industry leaders looking to capitalize on Saudi Arabia’s booming tourism sector. Under the theme “Where Vision Shapes Opportunity”, the summit will explore:

• Investing in Vision: Unlocking key opportunities in Saudi Arabia’s evolving hospitality landscape.
• Hospitality Investment Insights: A comprehensive guide for new investors entering the Saudi market.
• Government Incentives: Exclusive insights into Saudi Arabia’s investment-friendly policies.

The 2024 edition of FHS Saudi Arabia attracted 1,400 delegates and generated over $1.1 billion in business deals. The 2025 event is expected to surpass these figures, creating a fertile ground for strategic partnerships and high-value investments.

Join the Future of Saudi Hospitality

As Saudi Arabia rapidly transforms into a global tourism leader, investors, developers, and industry stakeholders have an unprecedented opportunity to be part of this historic evolution.

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