The Kingdom is getting ready for a major boost to its hospitality sector as 315,000 more hotel rooms have been planned by 2030.
The idea behind this is to boost domestic tourism, as the Kingdom sets it sights on the younger population with plans to set up youth hostels and luxury glamping experiences, an expert revealed to Arabian Business.
Global property consultancy Knight Frank said that by 2030, the total number of hotel rooms in Saudi Arabia will likely be 450,000.
Today, the UAE has a combined total of almost 200,000 hotel rooms, 140,000 of which are in Dubai. This means that Saudi Arabia is gearing up to see nearly 58 per cent more than this figure.
“For millennials, cost appears to be a less significant consideration when going on holiday inside the Kingdom, whereas cost is the most significant consideration for the over 45s,” Faisal Durrani, Partner, Head of Middle East Research, at Knight Frank told Arabian Business. “It would appear that life experiences gained through travel are more important to younger Saudis.”
