Tag Archives: Saudi Arabia

Saudi Entertainment Ventures (SEVEN), a wholly owned subsidiary of the Public Investment Fund (PIF), has signed a second licensed agreement with Hasbro, Inc. a global branded entertainment leader. Under the agreement, SEVEN will bring the Transformers brand to its entertainment destinations in the Kingdom of Saudi Arabia. The agreement follows an earlier announcement of a licensed agreement between to the two parties for the world’s first PLAY-DOH attractions. SEVEN have partnered with AOA, an industry leader in immersive experience design and production, to develop the Transformers attractions which will provide thrilling and highly immersive experiences for people of all ages. Spanning over 10,000 square metres, the first Transformers attraction will open at SEVEN’s entertainment destination in the Al Hamra district of Riyadh, with two additional attractions set to open at other SEVEN’s entertainment destinations. The Transformers ride-based attractions will feature thrilling state-of-the-art rides and captivating environments that will have guests fully immersed in the action-packed world of the iconic brand. To complete the overall visitor experience, there will be branded retail, including specially developed merchandise, and themed food and beverage venues, leaving guests feeling as though they have stepped into the Transformers universe. Abdullah Al Dawood, Chairman, SEVEN, said: “We are delighted to once again be partnering with Hasbro to bring this iconic brand to the Kingdom. We continue to cement our position as the national champion of the Kingdom’s entertainment sector, strengthening the entertainment ecosystem with our strategic partnerships to bring a wide range of attractions for the people of Saudi Arabia to enjoy.” Matt Proulx, VP, Location Based Entertainment at Hasbro, Inc. said: “By partnering with SEVEN in the Kingdom, we can bring even more truly unique experiences …

Rotana announced its ambitious pipeline across the Kingdom of Saudi Arabia at the Future Hospitality Summit (FHS) 2023, signing four “Edge by Rotana” and one “Rayhaan by Rotana” property in partnership with Memar Development & Investment, a leading real estate development company specialized in the hospitality development guided by the motto “Developing to enhance life”. Guy Hutchinson, President & CEO of Rotana, and Eng. Abdulaziz Al Meqren, CEO of Memar Development & Investment, were both present at the official signing of the agreement at FHS’s Global Stage on Tuesday, 9 May 2023. Commenting on the partnership, Hutchinson said: “Saudi Arabia presents one of the fastest-growing markets in the region, increasingly establishing itself as a leading tourist destination. These new properties located in the heart of Riyadh include a mix of hotels and serviced apartments, offering our guests diverse options to suit their varying needs. We are excited to partner with Memar Development & Investment on this project as we work together to deliver on Rotana’s singular brand promise of delivering ‘Treasured Time’ for all our guests.” The five new Riyadh properties will add 618 keys to Rotana’s growing portfolio. This is in line with the group’s target of adding triple the number of rooms it currently runs in the Kingdom to 6,000 over the next four years. The new Edge by Rotana properties will be interconnected, operating in synergy to ensure efficient workflow and deliver the ultimate guest experience. The properties will offer guests a range of dining options as well as recreational facilities such as pools, gyms, treatments rooms and more. Eng. Abdulaziz Al Meqren, CEO of Memar Development & Investment added “We are pleased to sign today with …

The cities of Abha and Taif have been named as the favourite domestic holiday destinations for Saudi nationals, according to global property consultant Knight Frank’s flagship 2023 Saudi Report. In its survey of 498 Saudi-national households, carried out in partnership with YouGov, Knight Frank has found that Saudi nationals not only travel within the Kingdom on a high frequency, but some are being put off by high costs, which will be significant hurdle to overcome if the Kingdom’s tourism strategy is to be successfully achieved. The rapid expansion of hospitality-linked offerings across the country is expected to play a critical role in boosting domestic tourism, which Knight Frank forecasts will form a key part of the future of the Kingdom’s hospitality landscape and is already a thriving industry. Faisal Durrani, Partner – Head of Middle East Research explained: “For domestic tourism to flourish in the Saudi Arabia, care and attention must be paid to the development of attractions in secondary and tertiary cities if they are to compete and thrive alongside all the new giga project hospitality offerings. Furthermore, with 28% of Gen Z Saudi’s highlighting high costs (as a barrier to domestic travel, there remains an opportunity to develop more cost-effective accommodation options. “Think luxury glamping sites, youth hostels, 3* hotels, which will form just 17% of total hotel room supply by 2030, noting of course cultural sensitivities and adaptations that may be required”. With 100 million visitors expected to pass through the Kingdom’s gateways by 2030, the volume of real estate projects linked to the hospitality, tourism and entertainment sectors is unsurprisingly soaring, says Knight Frank. The tourism and hospitality sector is quietly being positioned as one of …

IHG Hotels & Resorts signed a Memorandum of Understanding (MOU) with the Saudi Tourism Authority (STA). The MOU provides a framework for both entities to explore methods to increase inbound visitation to Saudi Arabia from key markets across Middle East and Africa region. This includes developing customised promotions, joint marketing campaigns, and promotion through loyalty programs which will showcase Saudi Arabia as one of the world’s most exciting destination to an international audience. The MOU was signed at the Saudi pavilion at the Arabian Travel Market 2023 held in Dubai, by James Britchford, Vice President Commercial at IHG for India, Middle East and Africa, and Munirah Abanomy, Head of Marketing Partnership for Middle East & Africaat Saudi Tourism Authority. With Saudi Arabia targeting 100 million visitors by 2030, the Kingdom is a priority market for IHG Hotels & Resorts in the Middle East. The hospitality group aims to support the tourism sector in the country by growing the footprint of its existing brands, as well as introducing new brands from its global portfolio, in addition to running campaigns to promote various destinations within the country. IHG also plans to further support the Kingdom’s economic Vision by investing in developing Saudi talent in the Kingdom, with an ambition to hire 6,000 nationals across it’s growing portfolio by 2030. James Britchford, Vice President, Commercial, India, Middle East & Africa, IHG Hotels & Resorts said: “As a reflection of our commitment to support the growth of the tourism industry within the Kingdom, we are delighted to sign a Memorandum of Understanding with the Saudi Tourism Authority. Collaborations with key government entities, such as the STA, enable us to position and promote attractive destinations …

GCC-based travel conglomerate Kanoo Travel and premium destination management company Desert Adventures Tourism have signed a Memorandum of Understanding (MoU) to establish a joint venture in Saudi Arabia at Arabian Travel Market 2023. The collaboration brings together two of the largest and most reputable travel trade organisations in the Middle East, aiming to create the most comprehensive destination services company in the region. The joint venture marks a significant milestone in both companies’ history as they combine their expertise, resources, and capabilities to provide travellers with unparalleled travel experiences in Saudi Arabia. Desert Adventures Tourism, managed by Thomas Cook India Group and wholly owned by Fairfax Financial Holdings Canada, has been a leading company and partner of choice for many worldwide tour operators with 25 years of experience in destination management in the United Arab Emirates, Jordan, and Oman. The company has developed a reputation for providing stability, consistency, and quality of service that its partners have come to trust. Kanoo Travel, an esteemed travel company with a legacy spanning over eight decades, offers the most comprehensive and reliable travel solutions. With a focus on corporate travel, Meetings, Incentives, Conferences, and Events (MICE), leisure and holiday travel, airline representation, and marine travel, Kanoo Travel has established itself as a leader in the travel industry. The company’s commitment to delivering exceptional solutions and services has been consistently acknowledged, resulting in numerous regional industry awards. Peter Payet, CEO of Desert Adventures, expressed excitement about the new venture, saying, “We are delighted to partner with Kanoo Travel to provide the most comprehensive destination services in Saudi Arabia. With their extensive local knowledge and resources and our international expertise, we are confident that this …

The kingdom is poised for a major expansion in its hospitality sector by creating 315,000 hotel units by 2030, according to global real estate consultancy Knight Frank. Knight Frank stated that this growth will highlight the increase in hotel room inventory in Saudi Arabia to become larger than Dubai’s current 140,000 hotel units. The development of the hospitality sector is a cornerstone of Saudi Arabia’s economic diversification plans. Faisal Durrani, Partner and Head of Research in the Middle East, explained, “The size of the hotel room units planned to be delivered in the Kingdom is unbelievable, with the total number of rooms likely to reach nearly 450,000 hotel rooms. To illustrate, the UAE today has a total of approximately 200,000 hotel rooms, including Dubai’s 140,000 hotel units, meaning Saudi Arabia is poised to grow by up to 58% greater than the UAE. The bulk of the success of Saudi Arabia’s future tourism and hospitality market will be its local tourism sector. The sector is already thriving, with 65% of Saudis already traveling within the Kingdom one to three times a month. But what is surprising is the fact that 58% of Saudis we spoke to as part of the 2023 Saudi report choose not to stay in hotels.” Speaking about the need for diversity in accommodation options, Durrani explains, “The prevalence of large families travelling together may be a factor, as can cost, quality and location. Our Saudi Report 2023. Only 17% of planned hotel fittings are for 3-star or lower-class hotels, and with 56% of KSA residents under the age of 35, the demand for different hotel accommodation types will continue to emerge as an important consideration for the …

Bringing together government leaders, hotel investors, owners, developers and operators at what is set to be the biggest Future Hospitality Summit (FHS) to date, FHS Saudi Arabia will take place from 7-9 May at the Al Faisaliah Hotel in Riyadh. Launched in partnership with Saudi Arabia’s G20 Secretariat in 2020, FHS Saudi Arabia is the most influential hospitality investment conference for industry leaders and senior decision-makers in the hospitality industry of Saudi Arabia and beyond. This will be the sixth industry conference organised by The Bench for the Saudi market. “We are thrilled to be back in Riyadh in May following the overwhelming success of our sold-out 2022 edition, and we’re delighted to be in a new and larger venue this year thanks to our host sponsors Al Khozama Investment Company and Al Faisaliah Hotel,” said Jonathan Worsley, Chairman of The Bench. “The demand for our hospitality events in Saudi Arabia continues to grow and with the Kingdom named as the fastest expanding tourism industry within the G20 countries in the UNWTO Tourism Barometer, there will be so much to share about tourism and hospitality investment and development at FHS Saudi Arabia this year.” This year’s conference theme, ‘Invest in Change’, highlights the importance of the positive change that can be brought forward through the investment in time, intellect and expertise in the hospitality industry to keep up with changing times and trends to better shape the future of the industry. The action-packed three-day conference agenda will include tracks from the Global Restaurant Investment Forum (GRIF) and will have a strong focus on sustainability, innovation, start-ups and human capital development. “Delegates will have over 50 opportunities to network, learn and …

Marriott International, Inc. announced it has signed an agreement with Rua Al Madinah Holding Company to open eight hotels in the Holy City of Madinah in Saudi Arabia. Located in close proximity to the Prophet’s Mosque, Al Masjid An Nabawi, the planned properties will be part of the Rua Al Madinah Project which aims to elevate the service and travel experience for visitors of Madinah. The anticipated openings will feature approximately 4,400 rooms across eight of the company’s brands – The Ritz-Carlton, JW Marriott, Marriott Hotels, Westin Hotels & Resorts, Le Méridien Hotels & Resorts, Four Points by Sheraton, Aloft Hotels, and Courtyard by Marriott. “There is a strong demand for high-quality hotel accommodation in Madinah and we are delighted to work with Rua Al Madinah Holding Company to support the enhancement and diversification of the city’s hospitality landscape,” said Satya Anand, President, Europe, Middle East & Africa, Marriott International. “This multi-deal agreement also strengthens our footprint in Saudi Arabia where we continue to see strong growth momentum in line with the Kingdom’s vision for its tourism sector.” “The agreement with one of the world’s leading hospitality operators brings the Rua Al Madinah project a step closer to realising its ambitions to further enrich Madinah city’s Hajj and Umrah services,” commented Eng. Ahmed Al Juhani, CEO of Rua Al Madinah Holding Company. “This collaboration will culminate in the launch of eight new hotels and nearly 4.400 rooms that will serve both residents as well as visitors from around the world looking to visit Madinah.” The eight planned properties include The Ritz-Carlton, Rua Al Madinah which is slated to offer 151 luxurious rooms and suites including a signature Ritz-Carlton suite, multiple …

Saudi kicks off its first participation at ITB Berlin, the world’s biggest travel show and convention, celebrating key milestones for Saudi’s tourism growth story and showcasing the breadth and depth of Saudi’s extraordinary destination offering. In the run up to the event, Saudi hosted members of media at the press conference session “Unexpected Arabia: Discover Saudi,” on Monday 6 March, giving a preview of Saudi’s diverse offerings and developments. During the week there will be interactive on-stand experiences, bringing to life the rich culture and heritage of one of the world’s last frontiers of tourism. Visitors will have an opportunity to immerse themselves in the authentic home of Arabia, to feel the unparalleled hospitality for which the country is known. As the largest exhibitor at this year’s edition of ITB Berlin, a record number of partners for Saudi are on the stand showcasing a record number of bookable products for the destination (200+) spanning experiences, packages, hotels, and cruises for trade partners. This presence reflects the incredible growth the country is witnessing. Since opening to tourism in 2019, Saudi has been recognized as the world’s fastest-growing tourism destination in the G20. With an extraordinary +121% increase from pre-pandemic international tourism levels, Saudi achieved 93.5 million visits in 2022 and is outpacing global tourism sector recovery as recognized by the UNWTO. As the world’s biggest investor in tourism, Saudi has committed $550bn to new destinations by 2030. Preserving heritage and history, a $50.6 billion masterplan will transform Diriyah, a 300-year-old city and birthplace of Saudi, into one of the world’s most exciting cultural sites. In 2023, Red Sea Global, the world’s most ambitious luxury tourism development, will debut its first hotel …

Hospitality Management Holding (HMH) is delighted to announce the signing of the Hotel Management Agreement of its newest hotel property ‘Corp Yanbu Hotel and Residence’ in the Kingdom of Saudi Arabia. Located in the beautiful western port city of Yanbu and facing the red sea, the hotel boasts of 112 keys with a combination of spacious guest rooms and hotel apartments and state-of-the-art amenities with unparalleled service. It would incorporate cutting-edge design, while offering exceptional comfort, convenience, superior service, and excellent value, all underpinned with the latest technology. With truly breathtaking views from our outlets on the rooftop terrace, Corp Yanbu Hotel and Residence is designed to cater the needs of families and modern travellers in mind, this urban oasis seamlessly blends the convenience of city living with the comfort of a home away from home. The signing ceremony of the Hotel Management Agreement was supported by Royal Commission of Jubail & Yanbu and was attended by the Director General of the Investment Development Division, ENGR. Abdulaziz Mohammed Al Shanqiti, and marks a significant step in the commission’s efforts to enhance the hospitality industry in the region. This agreement will bring a new level of excellence to the hotels and resorts in Yanbu, and we look forward to seeing the positive impact it will have on the local economy. ‘Whether your stay is for family leisure or business, ‘Corp Yanbu Hotel and Residence’ will offer the perfect blend of style, service, and value that will make your stay truly unforgettable. With popular amenities and a prime location, Corp Yanbu Hotel and Residence, will be the ultimate destination for the savvy traveller looking for a memorable experience’ said Ahmed Al Shagdali, …