Saudi hospitality sector experiencing solid growth

May 23rd, 2011

Hotel industry specialists STR Global said recently that the hospitality sector in Saudi Arabia shows no sign of slowing down despite the recent turbulence in the Middle East. They also said that selected markets in the Middle East hospitality sector would see more than half their current supply in hotels coming online in the next few years.

STR’s Managing Director commented “Despite the worries of a double-dip recession in Europe and the US, as well as unrest in the MENA region, hospitality infrastructure and the associated supplies industry is still witnessing steady growth. Although Abu Dhabi was likely to report the largest increase in supply (84%), other markets to expect significant increases in existing supply include Saudi Arabia’s Riyadh (77.2% with 4831 rooms in its active pipeline) and Jeddah (50.5% with 3033 rooms in its pipeline).” Furthermore, Saudi Arabia will enjoy sustained growth over the next few years due to surging oil prices, higher crude output and increases in government and consumer spending.

Taking place from 11-13 September 2011 at the Riyadh International Convention & Exhibition Center – Food, Hotel & Hospitality Arabia is set to become the region’s fastest growing show for the sector and will provide a unique opportunity for companies wishing to sell their products and services in a very robust market.

For further details visit www.fhha-arabia.com or email fhha-arabia@montex.co.uk