2022-10-04-莱坊-Saudi_Arabia_s_2030_Hospitality_Vision_2022_1页_1mb

Saudi Arabia Hotel Supply and Market Analysis Summary

Core Content

This document provides an overview of the current and future hotel room supply in Saudi Arabia, along with insights into the hospitality market performance and development costs. It highlights the role of international and domestic tourism in shaping the market, and outlines the key hotel operators in the region.

Current and Future Hotel Room Supply

Existing Supply

The existing hotel room supply in Saudi Arabia is categorized into different classifications:

• 5-Star Hotels
• 4-Star Hotels
• 3-Star and Below Hotels
• Serviced Apartments

Upcoming Supply

The document also includes information on the planned supply of hotel rooms, which indicates the number of rooms expected to be added in the future. This includes:

• Planned supply by classification (5-Star, 4-Star, 3-Star & below, Serviced Apts)
• Total supply by 2030, showing the projected growth in the hospitality sector.

Hospitality Market Performance (YTD Jun 2022)

The hospitality market performance across the Middle East is analyzed, with a specific focus on Saudi Arabia. Key data points include:

• Tourism trends: International and domestic tourism are both important drivers of the market.
• Market dynamics: The performance is influenced by factors such as economic conditions, political stability, and global travel trends.

Hotel Operator Classification

The supply breakdown is also categorized by the type of hotel operators:

• International branded hotels
• Unbranded hotels
• Locally branded hotels

This classification helps in understanding the market structure and the role of different types of operators in the hospitality sector.

Development Costs

The development costs for hotel projects are presented in USD:

• Total development cost of non-giga projects: This figure is given as $21.3 billion, indicating the significant investment in the hospitality sector.
• Cost breakdown by hotel classification: The costs are categorized into 5-Star, 4-Star, 3-Star & below, and Serviced Apts, providing insight into the financial landscape of hotel development in Saudi Arabia.

Key Hotel Operators

The top 6 hotel operators in Saudi Arabia are identified, which play a crucial role in the market. These operators are:

• AUDI ARABIA (a notable brand in the region)
• Other unnamed operators, but their presence and influence are highlighted.

Contacts

The document includes contact details for several professionals at Knight Frank, a leading real estate and hospitality consultancy firm in Saudi Arabia:

• Faisal Durrani: Partner, Head of Middle East Research
  Email: Faisal.Durrani@me.knightfrank.com
  Phone: +44 7885 997 888

• Turab Saleem: Partner - Head of Hospitality & Tourism
  Email: Turab.Saleem@me.knightfrank.com
  Phone: +966 56 1005 014

• Daniel Pugh: Partner - Head of Hospitality Valuation & Advisory
  Email: Daniel.Pugh@me.knightfrank.com
  Phone: +971 50 945 2635

• Harmen de Jong: Partner, Real Estate Strategy & Consulting
  Email: Harmen.Dejong@me.knightfrank.com
  Phone: +966 56 3045 356

• Talal Ragaban, MRICS: Partner, Valuation & Advisory
  Email: Talal.Raqaban@me.knightfrank.com
  Phone: +966 50 0556 308

• Amar Hussain: Senior Manager, Saudi Arabia
  Email: amar.hussain@me.knightfrank.com
  Phone: +966 55 2323 036

Locations of Knight Frank in Saudi Arabia

Knight Frank has offices in two major cities:

• Riyadh: 1st floor, Building WH01, Al-Raidah Digital City
• Jeddah: 9th floor, Jameel Square, Prince Mohammad Bin Abdulaziz Street

Summary of Key Information

• The Saudi Arabia hospitality market is experiencing significant growth and development.
• The hotel supply is categorized into 5-Star, 4-Star, 3-Star & below, and Serviced Apts.
• The planned supply and total supply by 2030 show a clear trajectory of expansion.
• The market performance is influenced by both international and domestic tourism.
• Development costs for non-giga projects are substantial, reaching $21.3 billion.
• The top hotel operators in the region are highlighted, with AUDI ARABIA being a notable brand.
• Contact details for key professionals at Knight Frank are provided for further inquiries.