Radisson plans fourfold increase in Saudi hotels

 Wednesday, January 12, 2022 

Favorite

The Radisson Hotel Group is very optimistic about the growth in Saudi tourism market.

The group now is considering increasing the hotels it operates in the Kingdom fourfold as it plans to move its regional headquarter to Riyadh this year.

Today, the Group operates 24 hotels, resorts and serviced apartments in Saudi Arabia and has another 20 under development, but the growth it sees in the Saudi tourism market is making it determined to go from 24 to more than 80 in the coming five years.


Speaking in an exclusive interview with Arab News in Riyadh, Radisson CEO Federico J. González said that they need to revisit their plans and consider increasing that number to 100.

When asked about the growth in Radisson’s business in Saudi Arabia compared to other international markets, González said that it’s the second-fastest growing market after China where the hospitality brand is adding a significant number of hotels.

Radisson plans to support Saudi Arabia’s goal of 100 million visitors by 2030 with its new hotels. The Group’s Saudi Arabia portfolio now makes up around 50 percent of its presence in the Middle East region.

The Kingdom has plans to develop 854,000 more hotel rooms, with 70 percent funded by the private sector.


After opening up to international tourism in 2019, Saudi Arabia issued more than 400,000 eVisas – becoming the fastest-growing tourism destination in the world before the pandemic.







« Back to Page

Related Posts

PARTNERS

SUBSCRIBE