"demand forecasting" - Search

6 days ago

Saudi Hotels Do Not Need More AI Tools. They Need a Demand Operating Model.

The author argues Saudi hotels must build a structured demand operating model across segmentation, forecasting, channel profitability, and decision governance before AI tools can deliver meaningful commercial ... These should not be treated as manual adjustments to a base forecast. In Saudi Arabia, the event calendar is the demand architecture.

By Dr. Tong Yin, Founder of InsightBridge Global LLC and a doctoral researcher, InsightBridge Global LLC

Saudi Arabia

Press Release Markets & Performance

April 28

Middle East Travel & Tourism Soars as Saudi Arabia Fuels Growth at Nearly Twice the Global Rate and Leads the Region

International visitor spending rose 5.2%, compared to 3.2% globally, reflecting strong demand and increasing global connectivity. ... This growth reflects increased demand for in-person engagement, alongside the region’s expanding role in hosting major international events, conferences, and investment activity.

WTTC

Saudi Arabia

Supplier News Sales & Marketing

October 17, 2025

IDeaS and Red Sea Global Hospitality Establish Portfolio-Wide Technology Agreement

By leveraging advanced forecasting and dynamic revenue optimization capabilities, the resorts will be well-positioned to outperform international luxury competitors in a fierce, fast-changing market. ... Our selection was grounded in our ability to deliver accurate demand forecasting, support scalable, multi-property operations, and ensure seamless integration with existing systems.

IDeaS and Red Sea Global (RSG)

Saudi Arabia

Press Release Finance

August 1, 2023

Riyadh office rents climb 13% as Regional HQ Program deadline looms

The rising demand, coupled with a severe shortage of prime office space is putting upward pressure on rents, leaving landlords firmly in the driving seat. ... 676,000 square meters forecast to be completed between now and the end of 2026.

Knight Frank

Saudi Arabia

Opinion Article Markets & Performance

December 1, 2022

Saudi Arabia’s Tourism Landscape – Establishing a Vision

The IMF forecasts an inflation rate of 2.7% in 2022 in comparison with 3.1 and 3.4 recorded in 2021 and 2020, respectively. ... Overall Outlook After a strong rebound in 2021 and a continuation of a strong recovery into 2022, supported by healthier domestic demand and a return of international demand, economic growth is expected

By Zabada Abouelhana and Ahmad Yousry Elbeheiry

Saudi Arabia

Opinion Article Sales & Marketing

May 23, 2022

“Authentic” Destinations: The Key to Unlocking the Travel and Hospitality Industries’ Recovery

Success in the coming months will depend on investing significantly – and correctly – now to meet renewed demand for travel in a post-Covid reality. But what will that demand look like? ... Already, there are forecasts that bookings could come close to surpassing 2019 levels globally by the end of the year.

By Jerry Inzerillo, Group CEO, Diriyah Gate Development Authority, The Bench

Saudi Arabia

Opinion Article Sustainability

May 22, 2022

The Future of Hospitality: Identifying key trends and their competitive advantages

Uncertain Times It has become increasingly difficult to forecast the future of the hospitality and tourism industries, yet, one key takeaway is that discerning customers and guests are demanding more from

By Sultan Bader Al-Otaibi, Chief Executive Officer – Taiba Investment Company, The Bench

Saudi Arabia

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Ad HITEC 2026

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Hospitality Financial and Technology Professionals (HFTP)

Press Release Markets & Performance

May 18, 2022

Colliers reveal hotel market insights ahead of Future Hospitality Summit Saudi Arabia this month

consumer confidence in travel, have benefitted both Riyadh and Jeddah as key travel hubs in the Kingdom in the second half of 2021, and this is expected to continue having a positive impact on hotel demand ... The forecasted occupancy for 2022 in Riyadh is 65 percent with 54 percent projected for Jeddah, representing a respective12 and 7 percent increase.

The Bench

Saudi Arabia

Press Release Markets & Performance

July 11, 2018

STR: Preliminary June data for Jeddah hotels

Based on daily data from June, Jeddah reported the following in year-over-year comparisons: Supply: +8.7% Demand: +12.3% Occupancy: +3.2% to 72.5% Average daily rate (ADR): +16.1% to SAR1,383.14 Revenue ... The May edition of STR's Market Forecast is available now for Jeddah and a host of other markets across the globe.

CoStar

Jeddah, Saudi Arabia

Press Release Markets & Performance

May 11, 2018

STR: Preliminary April data for Jeddah hotels

Based on daily data from April, Jeddah reported the following in year-over-year comparisons: Supply: +10.1% Demand: -4.8% Occupancy: -13.5% to 53.5% Average daily rate (ADR): +4.7% to SAR822.06 Revenue ... The May edition of STR's Market Forecast will be available at the end of the month.

CoStar

Jeddah, Saudi Arabia

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Visit HITEC 2026 in San Antonio!

HITEC is the center for the latest conversations on hospitality technology. Come and see the technology shaping the industry.

Hospitality Financial and Technology Professionals (HFTP)

Press Release Markets & Performance

April 10, 2018

STR: Preliminary March data for Jeddah hotels

Based on daily data from March, Jeddah reported the following in year-over-year comparisons: Supply: +12.9% Demand: -0.9% Occupancy: -12.3% to 48.8% Average daily rate (ADR): -5.6% to SAR674.54 Revenue ... The January edition of STR's Market Forecast and the 2017 Global Hotel Study are now available.

CoStar

Jeddah, Saudi Arabia

Press Release Technology

February 12, 2016

Saudi Arabia: Kingdom’s future assured by 628 billion USD budget

In the wake of plummeting oil prices resulting from the uneasy mixture of oversupply and tightening Chinese demand, one could be forgiven for believing that the Kingdom's economy is approaching a state ... Religious tourism will be a major driver of the industry moving forward, with 25 million visitors forecasted to visit Makkah and Madinah by 2025, and overall inbound tourism likely to increase by 13 percent

naseba

Riyadh, Saudi Arabia

Press Release Development

July 7, 2015

First-Ever Marriott Hotel in the Holy City of Makkah Opens Its Doors

The Makkah Marriott Hotel also lives up to the brand's goal of reimagining the future of travel for the next generation of travelers, who blend work and play, demand style and substance, and require technology ... The Saudi Commission for Tourism and Antiquities (SCTA) forecasts that domestic tourism will grow to a staggering 128 million trips and 640 million nights by 2019.

Marriott

Makkah, Saudi Arabia

Press Release Development

February 4, 2015

Saudi Arabia Hospitality Sector Witnesses Strong Growth

At this stage it simply can't take any more visitors due to the redevelopment and pending infrastructure changes, so it is currently a 'controlled demand' environment. ... The report also showed that Jeddah is currently witnessing a consistent demand and delays in new supply to stabilize the market.

MEED

Jeddah, Saudi Arabia

Press Release Development

May 6, 2014

HMH - Hospitality Management Holdings Expands Presence in KSA

We foresee a long-term benefit for both parties as the demand for quality accommodations goes up in the Kingdom, and believe continued economic growth will maintain high demand and profitability for any ... The Saudi Commission for Tourism and Antiquities (SCTA) forecasts that domestic tourism will grow to a staggering 128 million trips and 640 million nights by 2019 growing from 32 million domestic tourism

HMH

Riyadh, Saudi Arabia

Supplier News Food & Beverage

September 22, 2010

Catering Business is Big Business in Saudi Arabia’s Eastern Province

We have been growing at double-digit rates and foresee doing so for years to come due to the forecasts for local and regional demand," said Mr. Al-Hajri. ... To meet demand, Fillfilah Catering is hiring two key positions including a director of sales & marketing and also a female wedding event coordinator.

Fillfilah Restaurants

Al-KHOBAR, Saudi Arabia