Saudi Arabia’s hospitality sector has received another boost with plans unveiled for a new Noblu complex in its Eastern Province. The project will include a five-star hotel, residential units, Nobu restaurant, pools, health centre and event venues. The announcement was made at Future Hospitality Summit 2022, currently taking place in Riyadh.
The number of brand hotel rooms in Saudi Arabia is set to reach 69,300 by the end of 2022, representing a 15 percent year-on-year increase. The figures from Colliers come ahead of the Future Hospitality Summit taking place in Riyadh on 24-25 May.
Following the success of the inaugural Future Hospitality Summit in October 2020, the event will return in a new format for its second edition on May 24-25.
Created by a group of hospitality industry veterans, #HospitalityHelps was launched with one goal: to provide temporary hotel accommodation to Ukrainian residents who are forced to leave their homes because of war.
According to research into the GCC hotels projects market conducted by MEED Projects, co-organiser of AHIC alongside Bench, there are US $27 billion worth of hotel investments in the pipeline.
The leading hospitality investment conference in the Middle East, AHIC, has confirmed the first 50 speakers for the event. The show is being held live and in-person from September 20-22 in Dubai.
Organisers hope the show will offer conversation, networking and market insight to help investors, owners and operators steer the post-pandemic hospitality landscape in the Middle East and Africa.