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As a “founding Partner” of the 4th edition of the “Future Hospitality Summit 2026 KSA: TABIA showcases its strategic role in the transformation of the sector
TAIBA, a leader in the hospitality and real estate sectors listed on the Saudi Exchange (Tadawul), has announced its participation…
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Schematic design under way at Cheval Maison Sulaymaniyah as ground works progress
Cheval Collection’s luxury serviced hotel apartments in Riyadh inspired by Saudi Salmani and Najdi architecture. Riyadh, Saudi Arabia, 23 June…
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IHG Hotels & Resorts recognised as a top employer across the Middle East
Company secures #1 rankings in Saudi Arabia, Oman, Qatar, Bahrain and Jordan, with further recognition in Kuwait and the UAE…
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Tourist spend in Saudi Arabia reaches SAR82.7 billion as Q1 guest numbers grow to 37.2 million – Cavendish Maxwell – Inbound tourists account for a fifth of all travellers, but generate nearly 60% of total tourism spend – Makkah and Madinah hotels outpace other areas for occupancy and ADR – 105,500 new rooms across 382 properties in Saudi hotel pipeline to 2030 Riyadh, Saudi Arabia, 23 June 2026 – Tourist spend in Saudi Arabia reached SAR82.7 billion in Q1 2026, with visitor numbers growing 8% year-on-year to 37.2 million during the quarter, says leading real estate advisory and hospitality sector consultancy, Cavendish Maxwell. Between January and March, the number of domestic tourists rose 16% to almost 29 million, accounting for 78% of all visitors, while inbound visitor figures dropped 13% to 8.3 million, according to Cavendish Maxwell’s latest hospitality sector insight. While overseas visitors made up only a fifth of all tourists in Q1, they generated nearly 60% of tourism expenditure: SAR48 billion compared to SAR34.7 billion from the domestic market, highlighting the significant spending power of inbound travellers. In addition, although Q1 overseas visitors were 13% lower than last year, their total spend was down by just 7%, suggesting that the average outlay per visitor increased year-on-year. The research, released to coincide with the Future Hospitality Summit Saudi Arabia, currently taking place in Riyadh, reveals that, after an initial high of nearly 75% occupancy in January, the rate dipped to 63% year-to-date by May – down 1.3% on the previous year. Occupancy was higher at hotels in Makkah, with nearly 84% in January and just under 73% year-to-date by May, a 12% increase on the same period last year. At Madinah, it reached almost 85% in January, with a cumulative rate of 76% by May – down 3% on 2025. At a national level, the average daily rate (ADR) was SAR662 in January, up almost 5% on January 2025. By May, it stood at SAR825 year to date, 12% higher than last year. ADR varied widely at a city level in the first five months of 2026, with some areas up on last year, and others down. Year to date by May, ADR in Makkah grew 24% to SAR918, with Madinah up 5.7% to SAR878. Riyadh hotels’ ADR was SAR771, around 6% lower than last year; with Jeddah down 7% to SAR635. Kevin Duffield, Director of Built Asset Consulting at Cavendish Maxwell, said: “Religious tourism is a key demand driver for Saudi Arabia, with Makkah and Madinah continuing to outperform other destinations. The positive impact of the Hajj season is clear in Makkah’s higher occupancy and ADR levels during May. When June’s figures are available, we expect to see strong figures for Madinah, where many pilgrims head after Hajj. Meanwhile, ongoing investments in pilgrimage infrastructure, combined with significant hotel expansion, should support long-term growth across both cities.” KSA currently has just over 176,000 hotel rooms in total, including 64,330 in Makkah; 28,000 in Riyadh; 22,115 in Madinah; 16,080 in Jeddah; 8,580 in Al Khobar 4,465 in Dammam; and 32,440 elsewhere in the country. Higher end hotels account for two thirds of accommodation across the country, and as much as 73% in Riyadh and 70% in Madinah. Saudi Arabia is set to deliver 105,500 new keys across 382 hotels between now and 2030 as part of its tourism, hospitality, real estate and infrastructure transformation in line with KSA Vision 2030. Nearly 18,150 rooms (82 hotels) are due to come to the market this year, with Makkah and Madinah accounting for around 40% of new keys in 2026. This year, Riyadh will get more than 2,780 new keys (15 hotels), Jeddah nearly 2,750 keys (18 hotels) and Al Khobar 760 rooms across 5 hotels. The remaining 5,000 new rooms for 2026 are spread across other parts of the country. Meanwhile Dammam, an emerging hotspot for real estate and tourism in KSA, will boost its hotel offering from next year, with more than 1,900 rooms across 6 hotels set for delivery between 2027 and 2029. Saudi Arabia is targeting 150 million annual domestic and international visitors by 2030, with major upcoming global events set to further strengthen the country’s tourism and hospitality industry. Riyadh Expo 2030 and the FIFA World Cup 2034 are expected to attract a combined total of over 42 million visitors. Kevin Duffield added: “As the Middle East’s biggest travel and tourism economy – and fastest-growing tourism market – Saudi Arabia is delivering a wealth of world-leading destinations, hotels and resorts to help turn Vision 2030 into a reality. “Like elsewhere in the region, KSA’s hospitality and tourism sectors have been affected by geopolitical tensions, but reductions in inbound tourism have been largely offset by an increase in domestic travel, particularly in destinations like Makkah and Madinah during Ramadan, Eid and Hajj season. “While uncertainty and lower international travel demand may continue to influence market performance in the short term, the combination of growing domestic tourism, sustained pilgrimage activity, and continued investment in tourism infrastructure positions the sector well for recovery and longer-term development.” Download the analysis here.
Inbound tourists account for a fifth of all travellers, but generate nearly 60% of total tourism spend Makkah and Madinah…
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Pearl Initiative and Awqaf Abu Dhabi on Waqf Structures: Family Business Governance, Legacy, and Long-Term Impact in the UAE
Abu Dhabi, United Arab Emirates – 23, June 2026: As philanthropy across the Gulf region continues to evolve towards more…
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How FACT Café Turned Slow Periods Into Growth With Keeta
Partnership drives 208% growth in orders, 180% increase in GMV and supports plans for expansion RIYADH, Saudi Arabia – [DATE]…
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Nearly half of institutional investors plan to increase EM private credit allocations as pressure builds in developed markets, finds Gemcorp Capital
42%of institutional investors globally plan to increase EM private credit allocations over the next two years Rising defaults were the…
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Saudi Makes Future Promotes Riyadh as a Global Hub for Artificial Intelligence and Investment at WMF 2026 in Europe
Ahead of its Riyadh edition in December 2026, Saudi Makes Future seeks to attract global expertise, leading technology companies, investors,…
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Liberty Galati’s €463 million auction opens access to Southeast Europe’s largest steel plant for GCC capital
June 15th, 2026, Dubai: An amended asset sale plan for Liberty Galati has been approved by the Galati court, relaunching…
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Forbes Middle East has named Hamad Alsalman, Vice President of Marketing & Communications at TAIB
a leading player in Saudi hospitality sector, one of the region’s Most Influential CMOs for 2026, recognizing his role in…
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