• Demand and growing tourism in Kingdom spurs plans for developing more properties
  • Three new hotels announced including a first for any international hotel chain in Abha

Jeddah: Hilton revealed today at the Saudi Hotel Investment Conference, its largest development pipeline in the Middle East is in the Kingdom. The hotel chain is expanding its footprint throughout the region with the Kingdom having the largest number of Hilton hotels in development

Speaking ahead of the event Carlos Khneisser, VP of Development, MENA said: “We’ve been operating the Kingdom since 1992 and have grown very strong relationships with owners over that time. This has allowed us to grow to 11 hotels and notably to build a pipeline of 35 new hotels under development, which will add over 10,000 new rooms in the coming 3-5 years. This represents our largest pipeline in the Middle East and the confidence we have in the strength of the market with increasing demand for business, leisure and religious tourism.”

Religious tourism makes up the bulk of KSA tourism with over 2 million visitors annually. Over the past 3 years business tourism is growing at an increasing rate. The tourism sector in Saudi Arabia has grown at a much faster rate than the wider economy, according reports by the Saudi Tourism Information and Research Center (MAS). Tourism revenues rose from SAR 57.3 billion in 2004 to an estimated SAR 211 million in 2018.

This upward trend is expected to continue for both the hospitality and tourism industries. The government’s diversification mandate is clear - Tourism is set on a trajectory to make the highest contributions to GDP from the non-oil sectors.

In late 2018, the Kingdom’s first ever e-visa system was piloted bringing in tourists from 80 countries for the Formula E. A timeline for when the system will go into full effect is yet to be announced but reports from the government state passport holders from Schengen countries, the US and Australia will be permitted to travel to the Kingdom with e-visas. The changes to policies and easing access to the country positions the country a prime investment destination.

Hilton is this week confirming three new additions to its pipeline in the shape of newly agreed projects with two different investment partners:

  • DoubleTree by Hilton Abha Al Murooj in partnership with Mazaya International Company for Real Estate Development and Investment
  • Hilton Garden Inn Madinah and DoubleTree by Hilton Madinah in partnership with Pan Kingdom Holdings

LAUNCHING IN ABHA

DoubleTree By Hilton Abha Al Murooj – The first hotel by an international chain to open in the city of Abha, the capital of the Aseer province - home to wildlife, forests and the towering Jabal Soodah peak. The hotel is expected to open in 2 years, bringing 156 new hotel rooms with full fledge range of amenities including 4 F&B outlets, 2 fitness centers, 465sqm events space, 2 fitness centers and 2 outdoor pools, making all the hotel services accessiible to both men and women.

MORE CHOICE AND AFFORDABLE STAYS IN MADINAH

DoubleTree by Hilton Madinah - A newly built tower on King Faisal Road, the hotel will be walking distance (190 meters) from the city’s Holy Mosque.  The property will consist of 242 guestrooms including 26 suites and feature two food and beverage outlets, a fitness center and 125sqm of meeting space.  Expected to open in 2022, all guest rooms will be fitted to the same upscale standard, enjoyed by visitors to DoubleTree by Hilton worldwide.

Hilton Garden Inn Madinah - Also expected to open in 2022, this mid-market Hilton Garden Inn brand will comprise of 430 guest rooms and 150 square meters of meeting areas, making it one of the brand’s largest hotels in the Middle East.  Its location also leaves guests within walking distance from the holy mosque and other sites of historical importance.  The hotel will include brand signature features such as its all day dining and Garden Café concepts.

-Ends-

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.