Industry Update
External Article10 October 2018

Saudi Al Hokair To Build More Hotels In The Saudi Arabian Kingdom Amid Growing Demand

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Al Hokair Group, one of Saudi Arabia's most respected brands within the hospitality industry sector, aims to further expand in 2019 to address the growing demand in the country. With several new themeparks and other entertainment destinations and the growing religious tourism market sector, the company plans to fast track its plans.

The Group currently works with several international Hotel chains that include Hilton, Holiday Inn, Radisson, Inter Continental Hotels Group, Accor International Hotels, Carlson Rezidor Hotel Group and Marriott Hotels Group among several others.
Saudi Arabia is currently in the midst of expanding its leisure tourism sector and expects 30 million visitors annually by 2030.

According to an industry report by Alpen Capital, the expansion in the hospitality sector is also expected to grow to 541,000 rooms in 2022. Furthermore, a total of 27,281 rooms are expected to enter the market in 2018 alone.

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