The number of hotel rooms in Jeddah, Saudi Arabia, is forecast to double by 2018 according to a new report.
The ‘Jeddah Hotel Market Overview’ report by JLL reveals that the current supply of 8,600 rooms in the city will double – with another 8,600 rooms forecast to be added to the market by 2018.
With a total stock of 17,200 hotel rooms estimated by 2018, major projects in the Jeddah pipeline include: The Ritz Carlton, Jeddah; Radisson Blu Al Salamah;
Movenpick City Star; Elaf Galleria and Assila Hotel & Residence by Rocco Forte.
Christian Renz, vice president for sales and marketing for Rocco Forte Hotels commented: “With the growth figures of Jeddah doubling, Jeddah was a clear choice for Rocco Forte Hotel’s development in the Middle East.
“The Kingdom of Saudi Arabia is also one of our strongest outbound markets worldwide for our European hotels, so we felt it important to have a presence in the region.
“The Alissa family, who are one of the most respected families in the region, approached Sir Rocco Forte to partner as they admired his hotel management style in the European properties where they had stayed.
“Both family companies, together we have built the Assila Hotel on the prestigious Tahlia Street, the first five star to open in almost ten years in the city.”
AccorHotels Middle East own a significant margin of Jeddah’s hotel portfolio with nearly 600 operational rooms in the market at present, set to increase to over 3,000 hotel rooms in the coming years.
Olivier Granet, managing director, AccorHotels Middle East, commented: “We are on track to have 50 operational hotels in the Kingdom with over 13,500 rooms.
“By 2020 we are quintupling our network in Jeddah with a fivefold increase from three existing hotels to 15.”
The report was released ahead of the Hotel Show Saudi Arabia 2016, which will take place from May 17th-19th.