Tag Archives: FHS Saudi Arabia

The Kingdom of Saudi Arabia is poised to develop 362,000 new hotel rooms by 2030 as part of its US$110 billion hospitality sector transformation, according to data released ahead of the 2025 edition of the Future Hospitality Summit (FHS) Saudi Arabia. Saudi Arabia’s ongoing and unprecedented expansion across infrastructure, real estate, tourism, and hospitality, in line with Vision 2030, is positioning the Kingdom as a global leader in the travel and tourism sector. This strategic growth is setting new industry standards while creating significant investment opportunities, enabling investors to actively participate in the country’s long-term economic transformation, according to industry experts. Oussama El Kadiri, Partner – Head of Hospitality, Tourism and Leisure at Knight Frank, said: “Fueled by ambitious Vision 2030 goals, Saudi Arabia’s tourism sector presents a compelling investment landscape, evidenced by its record-breaking SAR 444.3bn GDP contribution in 2023, accounting for 11.5% of the national economy. This growth reflects the Kingdom’s strategic initiative to position itself as a leading global tourism destination. The sector’s rapid growth is further evidenced by the increase in international arrivals, which reached 30 million in 2024, up from 27.4 million in 2023. This upward trajectory, coupled with a strong investment pipeline, supports Saudi Arabia’s goal of attracting 70 million international visitors annually by 2030. El Kadiri further emphasized the impact of upcoming global events on Saudi Arabia’s economic transformation. Major international events, such as the 2029 Asian Winter Games, World Expo 2030, and the FIFA World Cup 2034, are expected to drive further growth in tourism, hospitality, and related industries. These events will not only increase visitor numbers but also enhance Saudi Arabia’s global reputation as a premier destination for leisure, business, and mega-events. …

As part of its focus on women in hospitality, and aligned with Saudi Arabia’s Vision 2030 for women empowerment, organisers of the Future Hospitality Summit – The Bench will be offering complimentary passes for Saudi national women working in the Saudi hospitality sector. This was announced with the confirmation of the first speakers of the 2024 edition of the Future Hospitality Summit (FHS) Saudi Arabia, which is set to take place at Al Faisaliah Hotel in Riyadh from 29 April to 1 May 2024, for the region’s leading hospitality investment platform. Organised by The Bench, FHS Saudi Arabia brings together the hospitality investment community’s industry leaders and decision-makers to discuss development, investment, entrepreneurship, sustainability, innovation, and human capital with insights on the continued growth of the Kingdom’s hospitality and tourism sectors. Confirmed speakers include leaders from some of the most dynamic hospitality brands, the real estate, asset management, investment and consulting community, international media, and government representatives. Among the confirmed names are Khalid Saud Abu Haimed, Chief Executive Officer, Al Khozama Investment – host sponsors of FHS Saudi Arabia; Sultan Bader Al-Otaibi, Chief Executive Officer, Taiba Investments; Henri Giscard D’Estaing, President, Club Med; Mark De Cocinis, Chief Executive Officer, Boutique Group; Matthew Martin, Saudi Arabia Bureau Chief, Bloomberg LP; Pat Thaker, Editorial Director Middle East & Africa, The Economist Group; Thomas Emanuel, Senior Director, STR; Norah Al-Tamimi, Chief Executive Officer, Baheej; Aradhana Khowala, CEO & Founder, Aptamind Partners, and Susie Ellis, Co-Founder, Chair & CEO, Global Wellness Summit and Chair & CEO of the Global Wellness Institute. “The agenda for FHS Saudi Arabia is shaping up very nicely and we are excited to welcome our first distinguished speakers for what is …