NOVOTEL SHARJAH EXPO CENTRE’s Post

Greetings from Riyadh! ... despite the World Defense Show going on (750+ exhibitors, 100,000+ trade visits) I managed to find a hotel room once more. Lucky me! 🌠 Most months new records are broken in terms of hotel occupancy, ADR (average daily rate) and RevPar (revenue per available room), with some particularly busy periods seeing unheard of ADR's close to 2,000 SAR (>500 USD!). 🤑 Unfortunately, new hotels are not providing the required respite to make traveling to Riyadh more affordable, as not enough new rooms are provided at the right price points. 💰 If you search for top hotel openings in 2024 you will see plenty going on in the Red Sea, NEOM, Al Ula and even Jeddah, but Riyadh needs to better cater to increasingly frequent business travelers. While hotels in Wadi Hanifah or Al Ahsa Oasis will be beautiful they are not the mid-range business hotels that a large amount of business travelers are looking for. 🛌 I believe Riyadh still represents one of the most exciting business opportunities for international hotel operators to penetrate, especially with their mid-tier brands, and continue their growth. 💹

Exciting times ahead for the Middle East hospitality sector. The GCC hospitality industry is forecasted to achieve impressive growth with key metrics showing promising trends: - Projected occupancy rate increase from 64.6% in 2023 to 69.3% in 2028 - Anticipated ADR growth at a CAGR of 1.9% to reach $182.7 - Expected RevPAR rise with a CAGR of 3.3% to $126.6 by 2028 UAE and Saudi Arabia are leading the growth charge. UAE is Expected to grow at a CAGR of 6.9%, driven by infrastructure modernization and relaxed tourist visa rules. While Saudi Arabia has been projected to align with the GCC average of 7.5%, bolstered by government initiatives under Vision 2030. These key players are set to propel the region's hospitality industry towards remarkable expansion. Don't overlook the growth potential in these dynamic markets! For all those looking to piggyback this phase, do so now. To know more about the booming GCC hospitality sector: https://lnkd.in/dSqQW8Pm #GCCGrowthDrivers #UAEHospitality #SaudiVision2030 #KSA #Hospitality #Tourism

The hospitality sector’s revenue in the Gulf region is expected to reach approximately $48.1B by 2028 according to a report by Alpen Capital In Oman, hotel revenues increased by 10.7%, generating $242M. This impressive growth signifies a strong recovery for the Omani hospitality sector, following a period of challenge. The data also reveals a rise in tourist arrivals across various regions, with Europeans leading the pack at 262,651 guests. Join us at GulfHost 2024 from 5 - 7 Nov at Dubai World Trade Centre to gain insights and make connections to help position your business for success in Oman's thriving hospitality market. Read the full article here: https://bit.ly/3VXlD7b   Source: Arabian Business #GulfHost2024 #arabianbusiness #Oman #Hospitality #Foodservice

The response to the 1st Dubai Water Drinks has been quite amazing - and we have maxed our capacity of 50 guests. 💥 We have received well over 50 registrations in just a few days - but knowing that some people may cancel last minute, we opened up a waitlist. If you want to join, please register following the link below and join the waitlist. We will let you know at the latest on the day of the event if a spot has opened up for you. If you've signed up and can't join, please let us know to free your spot 💦 The Water Drinks are free, informal and open to everyone working on water topics (or wish to do so in future). 💦 The 1st Dubai Water Drinks are kindly sponsored by WRc Group and MANTARA Investment, and Andy Blackhall and Suranga G. being the two co-organisers. 👉 Here are the details: Date: Thursday, 12 September 2024 Time: 6 PM Location: Waldorf Astoria Dubai Palm Jumeirah 1️⃣ If you’d like to join, please register here (mandatory): https://lnkd.in/eZq93GRt 2️⃣ If you'd like to stay informed about future Dubai Water Drinks and get connected with Water Professionals in Dubai, please join the Dubai Water Drinks LinkedIn group (optional): https://lnkd.in/e_HgD86v 💦 Please feel free to share this widely with anyone living close enough to join and tag anyone who may be interested. There are so many great water people here - time to connect everyone! #watermanagement #waterpollution #watersolutions #bestpractice #sustainabledevelopment #sustainablefinance #geopolitics #waterpollutionawareness #impactinvestment #sustainability #watercrisis #waterrisk 

Saudi Arabia's hospitality sector is on the rise. In Q2 2024, Saudi Arabia's hospitality sector flourished, exceeding pre-pandemic levels. Key highlights include a 20% increase in passenger numbers and enhanced connectivity. Positive trends were observed in Riyadh, Makkah, and Dammam, according to the recent CBRE Middle East Real Estate Market Review. https://lnkd.in/dEE7q2wJ #saudihospitality #hospitalitytrends #ksa #hospitalityindustry

Join us at UAE FMA’s upcoming event, Empower Your Investments: Seize Market Opportunities, for an exclusive deep dive into the latest market trends and strategies. 📅 27th Sept 2024 – Jeddah, Narcissus Al Hamra Hotel 📅 28th Sept 2024 – Riyadh, Sheraton Hotel Don’t miss this opportunity to enhance your investment strategies and stay ahead in the dynamic financial landscape. Register now! hashtag #UAEFMA #XM #InvestmentOpportunities #FinancialMarkets #Jeddah #Riyadh #EmpowerYourInvestments

Saudi Arabia Hospitality Market Share, Size, Growth, and Forecast 2024-2032 | IMARC Group The Saudi Arabia hospitality market size is projected to exhibit a growth rate (CAGR) of 3.42% during 2024-2032. Request a Sample Report: https://lnkd.in/gPTc6Aiy The Saudi Arabia hospitality market is undergoing a remarkable metamorphosis, deeply influenced by the nation's modernization efforts. Read Also: https://lnkd.in/gpdY3UMa #SaudiArabia #Hospitality #IMARCGroup #MarketResearchReport #MarketReport #IndustryReport #Business #MarketResearch #MarketStrategy

Join us at UAE FMA’s upcoming event, Empower Your Investments: Seize Market Opportunities, for an exclusive deep dive into the latest market trends and strategies. 📅 27th Sept 2024 – Jeddah, Narcissus Al Hamra Hotel 📅 28th Sept 2024 – Riyadh, Sheraton Hotel Don’t miss this opportunity to enhance your investment strategies and stay ahead in the dynamic financial landscape. Register now! #UAEFMA #XM #InvestmentOpportunities #FinancialMarkets #Jeddah #Riyadh #EmpowerYourInvestments

🗝️ Unlock the insights of Abu Dhabi's bustling business scene during Ramadan. From altered working hours to unique retail and hospitality practices, discover what you need to know to navigate the holy month effectively. 🔎 Explore everything you need to know in our comprehensive blog article, 'Abu Dhabi business during Ramadan - What you need to know.' 🕌🌙 🖱️ Don't miss out—click the link in the comments to read now! #GatewaytoUAE #GatewayGroup #ReassuringlyHonest #gatewaytoAbuDhabi #gatewaytoDubai #businesssetupinUAE #companyformationuae #Ramadan2024 #RamadanKareem #Ramadan

Check out the latest newsletter from International Business Magazine Featuring top insights from Sohar International Four Points by Sheraton Four Points by Sheraton Allentown, A Marriott Hotel ARABSAT Telesat Tech Mahindra Tech Mahindra Foundation Mobily Comviva Khaleeji | خليجي Eskan Bank Please read it in accessibility mode to read the full stories #bankingsector #finance #bankingandfinance #intlbm #hotels #hospitality #satellitecommunications #leap24 #leap2024 #saudiarabia #oman #bahrain #businesses #digitaltransformation #newsletter #newslettermarketing