Key Insights
The Saudi Arabian hospitality industry is experiencing robust growth, projected to reach a market size of $13.23 billion in 2025, expanding at a compound annual growth rate (CAGR) of 5.03%. This expansion is fueled by several key drivers. Firstly, the Kingdom's Vision 2030 initiative is significantly boosting tourism infrastructure and attracting substantial foreign investment, leading to the development of new hotels and resorts across various segments. Secondly, a burgeoning domestic tourism sector, driven by rising disposable incomes and a growing young population, is creating significant demand for hospitality services. Thirdly, major events like the Formula 1 Grand Prix and other sporting and cultural initiatives are attracting a large influx of international visitors, further fueling the industry's growth. The industry's segmentation includes chain hotels and independent hotels, catering to diverse budgets and preferences: budget/economy, mid-scale, upper-mid-scale, and luxury hotels, as well as service apartments. Competition is fierce, with both international giants like Accor, IHG, Hilton, and Marriott, and prominent local players like Al Tayer Group, Al Hokair Group, and Dur Hospitality vying for market share. Geographic distribution across the regions of Saudi Arabia (Central, Eastern, Western, and Southern) reflects varying levels of tourism activity and infrastructure development. While challenges remain, such as managing seasonal fluctuations and ensuring consistent service quality, the overall outlook for the Saudi hospitality sector remains optimistic, supported by ongoing government initiatives and strong underlying economic growth.
Hospitality Industry In The Kingdom Of Saudi Arabia Market Size (In Billion)
The forecast period (2025-2033) anticipates continued growth, driven by ongoing infrastructure development and sustained economic expansion within the Kingdom. The diversification of the Saudi economy and its focus on non-oil sectors contribute to the positive trajectory of the hospitality industry. However, factors such as global economic uncertainty and potential shifts in tourism patterns could influence the pace of growth. Continued investment in technology and a focus on sustainable practices will be crucial for success in this competitive and dynamic market. The segmentation strategy adopted by various hotel chains and independent establishments will be instrumental in effectively addressing the needs of a diverse customer base ranging from budget-conscious travelers to high-end luxury seekers. The geographical expansion across different regions of Saudi Arabia will continue to be a critical element in capturing wider market segments and driving overall revenue growth.
Hospitality Industry In The Kingdom Of Saudi Arabia Company Market Share
Hospitality Industry in the Kingdom of Saudi Arabia: 2019-2033 Market Report
This comprehensive report provides an in-depth analysis of the Kingdom of Saudi Arabia's hospitality industry, covering the period from 2019 to 2033. With a focus on market structure, competitive dynamics, and future growth potential, this report is an essential resource for investors, industry professionals, and anyone seeking to understand this rapidly evolving market. The report utilizes a robust methodology incorporating both historical data (2019-2024) and projected figures (2025-2033), with 2025 serving as the base year. The market is segmented by hotel type (Chain Hotels, Independent Hotels) and by segment (Service Apartments, Budget and Economy Hotels, Mid and Upper-Mid Scale Hotels, Luxury Hotels). The total market size is expected to reach xx Million by 2033.
Hospitality Industry In The Kingdom Of Saudi Arabia Market Structure & Competitive Dynamics
The Saudi Arabian hospitality market exhibits a blend of international chains and domestic players. Market concentration is moderate, with several large players commanding significant market share, while numerous smaller independent hotels contribute substantially. Key players include Accor S A, Al Tayer Group, InterContinental Hotels Group, Millennium Hotels and Resorts, Cristal Group, Al Hokair Group, Dur Hospitality Company, Hilton Hotels & Resorts, and Marriott International Inc. However, the market also features a dynamic landscape of smaller, independent hotels.
The regulatory framework is evolving to support Vision 2030, fostering investment and innovation. The increasing demand for diverse accommodation options creates opportunities for both established players and new entrants. Mergers and acquisitions (M&A) are significant, shaping market consolidation and driving expansion. Recent deals include the xx Million acquisition of Dur Hospitality Company by Taiba Investments Company (April 2023) showcasing a substantial shift in market dynamics. The competitive landscape is intense, driven by factors such as pricing strategies, brand reputation, service quality, and location. Market share is fluid, depending on the segment (budget vs. luxury) and geographic location. Further analysis within the report details the specific market share for each key player across the various segments and provides a comprehensive view of M&A activity, including deal values.
Hospitality Industry In The Kingdom Of Saudi Arabia Industry Trends & Insights
Saudi Arabia's hospitality sector is experiencing remarkable growth, fueled by Vision 2030's ambitious tourism development strategy. This expansion is projected to continue with a Compound Annual Growth Rate (CAGR) from 2019 to 2024 estimated at [Insert Updated CAGR Percentage]%, driven by a surge in both domestic and international tourism. Landmark events such as the Formula 1 Grand Prix, coupled with massive infrastructure development projects, are key catalysts. While chain hotels dominate urban areas, significant untapped potential exists in less-developed regions, offering lucrative opportunities for expansion. The sector is undergoing a digital transformation, with online booking platforms, personalized service technologies, and smart hotel amenities enhancing the guest experience and reshaping consumer expectations. Consumers increasingly prioritize unique and authentic experiences, sustainable practices, and seamless digitally-enabled services. The competitive landscape is intensifying, marked by the entry of new international and local brands alongside the aggressive expansion of established players. The rising demand for luxury and mid-scale hotels reflects growing disposable incomes and a preference for higher-quality accommodations among a broadening segment of the population.
Dominant Markets & Segments in Hospitality Industry In The Kingdom Of Saudi Arabia
Leading Region: Riyadh and Jeddah dominate the market, due to their established infrastructure and high concentration of business and leisure travelers. Mecca and Medina are also key areas, driven by religious tourism.
Leading Segments: The luxury hotel segment is experiencing significant growth due to increased high-net-worth individual (HNWI) visitation and growing domestic tourism. The budget and economy hotel segments show strong growth driven by increased affordability and diverse travel needs.
Key Drivers:
- Government Policies: Vision 2030's tourism initiatives are driving substantial investments and infrastructure developments.
- Economic Growth: The Kingdom's economic diversification efforts contribute to increased tourism spending and higher disposable incomes among Saudis.
- Infrastructure Development: Investments in transportation, entertainment, and cultural attractions are attracting more tourists and increasing hotel occupancy rates.
- Mega-Events: Hosting large events like the Formula 1 Grand Prix, international conferences, and sporting events boosts hotel demand significantly.
The dominance of these regions and segments is deeply intertwined with the infrastructure, accessibility, and the specific target customer profiles. The report provides a detailed analysis of the market share within each segment and a competitive analysis specific to the dominant regions.
Hospitality Industry In The Kingdom Of Saudi Arabia Product Innovations
Recent innovations are focused on elevating the guest experience through seamless technology integration, personalized services, and environmentally conscious practices. Smart room technologies, including mobile check-in/check-out, AI-powered concierge services, and contactless payment systems are rapidly becoming the norm. Hotel chains are increasingly differentiating themselves by offering curated local experiences, bespoke wellness programs, and personalized dining options tailored to individual preferences. A growing emphasis on sustainable practices, such as reducing water and energy consumption, is gaining significant traction, reflecting the rising importance of eco-conscious travel among discerning guests.
Report Segmentation & Scope
By Type:
Chain Hotels: This segment, encompassing hotels operated by major international and domestic hospitality chains, is experiencing robust growth driven by expansion strategies and strategic acquisitions. Competitive dynamics are shaped by brand loyalty, pricing strategies, and service differentiation. The market size is projected to expand from [Insert Updated 2025 Market Size in Millions] Million in 2025 to [Insert Updated 2033 Market Size in Millions] Million by 2033.
Independent Hotels: This segment, comprising smaller, locally-owned hotels, benefits from the expansion of domestic tourism and the appeal of niche markets offering unique experiences. Competitive advantages are built upon local expertise, personalized services, and distinctive offerings. The market size is projected to grow from [Insert Updated 2025 Market Size in Millions] Million in 2025 to [Insert Updated 2033 Market Size in Millions] Million by 2033.
By Segment:
Service Apartments: Catering to extended-stay needs, this segment is driven by business travelers and expatriates. Market size projections indicate growth from [Insert Updated 2025 Market Size in Millions] Million in 2025 to [Insert Updated 2033 Market Size in Millions] Million in 2033.
Budget and Economy Hotels: This segment targets price-conscious travelers and benefits from the increasing number of budget-minded tourists. Market size is projected to increase from [Insert Updated 2025 Market Size in Millions] Million in 2025 to [Insert Updated 2033 Market Size in Millions] Million in 2033.
Mid and Upper-Mid Scale Hotels: Offering a balance of comfort and affordability, this segment reflects the growing demand for higher-quality accommodations. Market size is expected to grow from [Insert Updated 2025 Market Size in Millions] Million in 2025 to [Insert Updated 2033 Market Size in Millions] Million in 2033.
Luxury Hotels: Targeting high-net-worth individuals, this segment's growth is directly linked to the increasing number of affluent travelers. Market size is projected to grow from [Insert Updated 2025 Market Size in Millions] Million in 2025 to [Insert Updated 2033 Market Size in Millions] Million in 2033.
Key Drivers of Hospitality Industry In The Kingdom Of Saudi Arabia Growth
The Saudi Arabian hospitality industry's growth is driven by several key factors: Vision 2030's tourism diversification strategy, major infrastructure investments, increasing disposable incomes among Saudis, the rise of domestic tourism, and the influx of international tourists attracted by large-scale events. The government's commitment to fostering a thriving tourism sector creates a positive investment environment further fueling industry growth. Technological advancements, such as online booking platforms and AI-powered services, enhance the guest experience and streamline operations.
Challenges in the Hospitality Industry In The Kingdom Of Saudi Arabia Sector
Challenges include maintaining a sustainable growth trajectory, balancing the demand with the efficient use of resources, attracting and retaining skilled labor, adapting to technological advancements and ensuring regulatory compliance. The competitive landscape, although fostering innovation, also necessitates strategic planning to secure market share. The impact of global economic fluctuations and potential supply chain disruptions can also affect the industry.
Leading Players in the Hospitality Industry In The Kingdom Of Saudi Arabia Market
- Accor S A
- Al Tayer Group
- InterContinental Hotels Group
- Millennium Hotels and Resorts
- Cristal Group
- Al Hokair Group
- Dur Hospitality Company
- Hilton Hotels & Resorts
- Marriott International Inc
Key Developments in Hospitality Industry In The Kingdom Of Saudi Arabia Sector
- April 2023: Saudi-based Taiba Investments Company acquired a 100% stake in Dur Hospitality Company.
- May 2023: Marriott International launched its 31st brand, City Express by Marriott.
Strategic Hospitality Industry In The Kingdom Of Saudi Arabia Market Outlook
The Saudi Arabian hospitality industry is poised for sustained and significant growth throughout the forecast period (2025-2033). Vision 2030's ongoing investment in tourism infrastructure and related initiatives will continue to create substantial opportunities for both domestic and international players. Strategic partnerships, embracing technological advancements, and prioritizing sustainable practices will be crucial for long-term success. The increasing diversification of the tourism sector and the growth of complementary industries present significant potential for expansion and innovation. The market outlook remains strongly positive, with considerable potential for robust and sustainable long-term growth.
Hospitality Industry In The Kingdom Of Saudi Arabia Segmentation
-
1. Type
- 1.1. Chain Hotels
- 1.2. Independent Hotels
-
2. Segment
- 2.1. Service Apartments
- 2.2. Budget and Economy Hotels
- 2.3. Mid and Upper-Mid Scale Hotels
- 2.4. Luxury Hotels
Hospitality Industry In The Kingdom Of Saudi Arabia Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Mexico
-
2. South America
- 2.1. Brazil
- 2.2. Argentina
- 2.3. Rest of South America
-
3. Europe
- 3.1. United Kingdom
- 3.2. Germany
- 3.3. France
- 3.4. Italy
- 3.5. Spain
- 3.6. Russia
- 3.7. Benelux
- 3.8. Nordics
- 3.9. Rest of Europe
-
4. Middle East & Africa
- 4.1. Turkey
- 4.2. Israel
- 4.3. GCC
- 4.4. North Africa
- 4.5. South Africa
- 4.6. Rest of Middle East & Africa
-
5. Asia Pacific
- 5.1. China
- 5.2. India
- 5.3. Japan
- 5.4. South Korea
- 5.5. ASEAN
- 5.6. Oceania
- 5.7. Rest of Asia Pacific
Hospitality Industry In The Kingdom Of Saudi Arabia Regional Market Share
Geographic Coverage of Hospitality Industry In The Kingdom Of Saudi Arabia
Hospitality Industry In The Kingdom Of Saudi Arabia REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 5.03% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increase in the Number of Restaurants and Bars in the Industry; Increase in the Number of Tourist Attractions and Activities
- 3.3. Market Restrains
- 3.3.1 Inadequate Research and Development
- 3.3.2 Unpredictability of the Market
- 3.4. Market Trends
- 3.4.1. An Increase in the Number of Hotels and Suggested Projects
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Hospitality Industry In The Kingdom Of Saudi Arabia Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Chain Hotels
- 5.1.2. Independent Hotels
- 5.2. Market Analysis, Insights and Forecast - by Segment
- 5.2.1. Service Apartments
- 5.2.2. Budget and Economy Hotels
- 5.2.3. Mid and Upper-Mid Scale Hotels
- 5.2.4. Luxury Hotels
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. South America
- 5.3.3. Europe
- 5.3.4. Middle East & Africa
- 5.3.5. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. North America Hospitality Industry In The Kingdom Of Saudi Arabia Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. Chain Hotels
- 6.1.2. Independent Hotels
- 6.2. Market Analysis, Insights and Forecast - by Segment
- 6.2.1. Service Apartments
- 6.2.2. Budget and Economy Hotels
- 6.2.3. Mid and Upper-Mid Scale Hotels
- 6.2.4. Luxury Hotels
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. South America Hospitality Industry In The Kingdom Of Saudi Arabia Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. Chain Hotels
- 7.1.2. Independent Hotels
- 7.2. Market Analysis, Insights and Forecast - by Segment
- 7.2.1. Service Apartments
- 7.2.2. Budget and Economy Hotels
- 7.2.3. Mid and Upper-Mid Scale Hotels
- 7.2.4. Luxury Hotels
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. Europe Hospitality Industry In The Kingdom Of Saudi Arabia Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. Chain Hotels
- 8.1.2. Independent Hotels
- 8.2. Market Analysis, Insights and Forecast - by Segment
- 8.2.1. Service Apartments
- 8.2.2. Budget and Economy Hotels
- 8.2.3. Mid and Upper-Mid Scale Hotels
- 8.2.4. Luxury Hotels
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. Middle East & Africa Hospitality Industry In The Kingdom Of Saudi Arabia Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. Chain Hotels
- 9.1.2. Independent Hotels
- 9.2. Market Analysis, Insights and Forecast - by Segment
- 9.2.1. Service Apartments
- 9.2.2. Budget and Economy Hotels
- 9.2.3. Mid and Upper-Mid Scale Hotels
- 9.2.4. Luxury Hotels
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. Asia Pacific Hospitality Industry In The Kingdom Of Saudi Arabia Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Type
- 10.1.1. Chain Hotels
- 10.1.2. Independent Hotels
- 10.2. Market Analysis, Insights and Forecast - by Segment
- 10.2.1. Service Apartments
- 10.2.2. Budget and Economy Hotels
- 10.2.3. Mid and Upper-Mid Scale Hotels
- 10.2.4. Luxury Hotels
- 10.1. Market Analysis, Insights and Forecast - by Type
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 Accor S A
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Al Tayer Group
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 InterContinental Hotels Group
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Millennium Hotels and Resorts
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Cristal Group**List Not Exhaustive
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Al Hokair Group
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Dur Hospitality Company
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Hilton Hotels & Resorts
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Marriott International Inc
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.1 Accor S A
List of Figures
- Figure 1: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Breakdown (Million, %) by Region 2025 & 2033
- Figure 2: North America Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million), by Type 2025 & 2033
- Figure 3: North America Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Share (%), by Type 2025 & 2033
- Figure 4: North America Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million), by Segment 2025 & 2033
- Figure 5: North America Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Share (%), by Segment 2025 & 2033
- Figure 6: North America Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million), by Country 2025 & 2033
- Figure 7: North America Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Share (%), by Country 2025 & 2033
- Figure 8: South America Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million), by Type 2025 & 2033
- Figure 9: South America Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Share (%), by Type 2025 & 2033
- Figure 10: South America Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million), by Segment 2025 & 2033
- Figure 11: South America Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Share (%), by Segment 2025 & 2033
- Figure 12: South America Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million), by Country 2025 & 2033
- Figure 13: South America Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Share (%), by Country 2025 & 2033
- Figure 14: Europe Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million), by Type 2025 & 2033
- Figure 15: Europe Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Share (%), by Type 2025 & 2033
- Figure 16: Europe Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million), by Segment 2025 & 2033
- Figure 17: Europe Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Share (%), by Segment 2025 & 2033
- Figure 18: Europe Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million), by Country 2025 & 2033
- Figure 19: Europe Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Share (%), by Country 2025 & 2033
- Figure 20: Middle East & Africa Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million), by Type 2025 & 2033
- Figure 21: Middle East & Africa Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Share (%), by Type 2025 & 2033
- Figure 22: Middle East & Africa Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million), by Segment 2025 & 2033
- Figure 23: Middle East & Africa Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Share (%), by Segment 2025 & 2033
- Figure 24: Middle East & Africa Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million), by Country 2025 & 2033
- Figure 25: Middle East & Africa Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Share (%), by Country 2025 & 2033
- Figure 26: Asia Pacific Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million), by Type 2025 & 2033
- Figure 27: Asia Pacific Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Share (%), by Type 2025 & 2033
- Figure 28: Asia Pacific Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million), by Segment 2025 & 2033
- Figure 29: Asia Pacific Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Share (%), by Segment 2025 & 2033
- Figure 30: Asia Pacific Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million), by Country 2025 & 2033
- Figure 31: Asia Pacific Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Million Forecast, by Type 2020 & 2033
- Table 2: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Million Forecast, by Segment 2020 & 2033
- Table 3: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Million Forecast, by Region 2020 & 2033
- Table 4: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Million Forecast, by Type 2020 & 2033
- Table 5: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Million Forecast, by Segment 2020 & 2033
- Table 6: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Million Forecast, by Country 2020 & 2033
- Table 7: United States Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 8: Canada Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 9: Mexico Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 10: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Million Forecast, by Type 2020 & 2033
- Table 11: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Million Forecast, by Segment 2020 & 2033
- Table 12: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Million Forecast, by Country 2020 & 2033
- Table 13: Brazil Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 14: Argentina Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 15: Rest of South America Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 16: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Million Forecast, by Type 2020 & 2033
- Table 17: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Million Forecast, by Segment 2020 & 2033
- Table 18: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Million Forecast, by Country 2020 & 2033
- Table 19: United Kingdom Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 20: Germany Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 21: France Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 22: Italy Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 23: Spain Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 24: Russia Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 25: Benelux Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 26: Nordics Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 27: Rest of Europe Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 28: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Million Forecast, by Type 2020 & 2033
- Table 29: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Million Forecast, by Segment 2020 & 2033
- Table 30: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Million Forecast, by Country 2020 & 2033
- Table 31: Turkey Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 32: Israel Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 33: GCC Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 34: North Africa Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 35: South Africa Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 36: Rest of Middle East & Africa Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 37: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Million Forecast, by Type 2020 & 2033
- Table 38: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Million Forecast, by Segment 2020 & 2033
- Table 39: Global Hospitality Industry In The Kingdom Of Saudi Arabia Revenue Million Forecast, by Country 2020 & 2033
- Table 40: China Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 41: India Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 42: Japan Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 43: South Korea Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 44: ASEAN Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 45: Oceania Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
- Table 46: Rest of Asia Pacific Hospitality Industry In The Kingdom Of Saudi Arabia Revenue (Million) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Hospitality Industry In The Kingdom Of Saudi Arabia?
The projected CAGR is approximately 5.03%.
2. Which companies are prominent players in the Hospitality Industry In The Kingdom Of Saudi Arabia?
Key companies in the market include Accor S A, Al Tayer Group, InterContinental Hotels Group, Millennium Hotels and Resorts, Cristal Group**List Not Exhaustive, Al Hokair Group, Dur Hospitality Company, Hilton Hotels & Resorts, Marriott International Inc.
3. What are the main segments of the Hospitality Industry In The Kingdom Of Saudi Arabia?
The market segments include Type, Segment.
4. Can you provide details about the market size?
The market size is estimated to be USD 13.23 Million as of 2022.
5. What are some drivers contributing to market growth?
Increase in the Number of Restaurants and Bars in the Industry; Increase in the Number of Tourist Attractions and Activities.
6. What are the notable trends driving market growth?
An Increase in the Number of Hotels and Suggested Projects.
7. Are there any restraints impacting market growth?
Inadequate Research and Development. Unpredictability of the Market.
8. Can you provide examples of recent developments in the market?
May 2023: Marriott International launched its 31st brand, City Express by Marriott, following its acquisition of the City Express brand portfolio from Hoteles City Express.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Hospitality Industry In The Kingdom Of Saudi Arabia," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Hospitality Industry In The Kingdom Of Saudi Arabia report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Hospitality Industry In The Kingdom Of Saudi Arabia?
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Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence