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Riyadh Hospitality Market Outlook to 2023 - Growth in MICE Business and Surge in Tourism Supporting Occupancy Rate of Hotel Industry

  • ID: 5214618
  • Report
  • June 2019
  • Region: Global
  • 126 pages
  • Ken Research Private Limited

FEATURED COMPANIES

  • Al Mashreq Boutique Hotel
  • Business Inn Tahlia Hotel
  • Carawan Al Fahad Hotel
  • Double Tree-By Hilton
  • Hotel Novotel (Riyadh)
  • Hyatt Palace
The report titled Riyadh Hospitality Market Outlook to 2023 - Growth in MICE Business and Surge in Tourism Supporting Occupancy Rate of Hotel Industry provides information on overview of hospitality market within Riyadh, factors influencing the hospitality market, current and future demand and supply, market insight and performance, key expected upcoming Hotel projects, key features and characteristics of Hotels in Saudi Arabia, average daily / monthly / annual rental rates and revPAR of hotels in Riyadh, Average daily occupancy rates of hotel in Riyadh, Riyadh hospitality market outlook, opportunities and future development trends, what gaps exist in Riyadh hospitality market, competitive analysis of major Hotels within Riyadh. The report concludes with recommended branded operators, Recommendations highlighting the success factors for developing luxurious resorts and Recommendations for construction of a 3 star Hotel. The report is useful for 5 star as well as 4 star hoteliers, investors in Riyadh hospitality Sector, hospitality industry associations, government / regulatory authorities and Ministry of Tourism.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Al Mashreq Boutique Hotel
  • Business Inn Tahlia Hotel
  • Carawan Al Fahad Hotel
  • Double Tree-By Hilton
  • Hotel Novotel (Riyadh)
  • Hyatt Palace
1. Executive Summary

2. Research Methodology
2.1. Market Definitions
2.2. Research Approach
2.3. Limitations

3. Factors Influencing the Hospitality Market in Riyadh, KSA
3.1. Rise in International Arrivals and Domestic tourists
3.2. Dominance of Business Tourism and Events in Riyadh
  • Business Tourism in Riyadh
  • Events and Entertainment in THE Riyadh
3.3. Government Initiatives Towards Tourism
3.4. Presence of Branded Hotel Operators
3.5. Increase in Tourist Expenditure
3.6. Tourism Contribution towards GDP of Saudi Arabia
3.7. Other Factors (Economical Factors, Geopolitical Factors, Technological Factors and Cultural Factors)

4. Demand and Supply Analysis for Riyadh Hospitality Sector
4.1. Demand and Supply dynamics
4.2. Hospitality Demand in Riyadh
  • Current and future Demand for Hotel rooms in Riyadh
  • Factors affecting demand
  • Demand and Occupancy Rates
  • Pricing Preference in Riyadh’s Hospitality Sector
  • Major Tourist attractions
4.3. Hospitality Supply in Riyadh
  • Factors Effecting Supply of Hotel rooms in Riyadh
  • Major Projects in Riyadh
  • Regions of Major Hospitality Projects
  • Major Upcoming Projects in Riyadh
4.4. Oversupply Situation in Riyadh Hospitality Market
4.5. Future Market Potential

5. Riyadh Hospitality Market Insight and Performance

6. Key Expected Hospitality Projects in Riyadh
6.1. Major Upcoming Hospitality Projects in Riyadh
6.2. Major Tourist Attractions

7. Key Features and Characteristics of Hotels in Saudi Arabia

8. Average Daily / Monthly / Annual Rental Rates And RevPAR of Hotels in Riyadh

9. Average Daily Occupancy Rates of Hotel in Riyadh

10. Riyadh Hospitality Market Outlook, Opportunities and Future Development Trends

11. Does the Landscape of Hospitality in Saudi Arabia is Forecasted to be Positive and Encouraging to Invest in this Sector?
11.1. Investment Potential of Saudi Arabia
11.2. Expected ROI’s for Hotels

12. What Gaps Exist in Riyadh Hospitality Market?

13. Recommendations Regarding Success Factors of Developing Hotels

14. Recommended Branded Operators for Hospitality Sector in Riyadh

15. Recommendation for Construction of 3 Star Hotels in Riyadh
15.1. Facilities to be Adopted in a 3 Star Hotel - 10,000 Sqm and 3 Floors
15.2. Design based Recommendations for a 3 Star Hotel - 10,000 Sqm and 3 Floors
15.3. Room Related Recommendations in a 3 Star Hotel - 10,000 Sqm and 3 Floors

16. Competitive Analysis of Case Studies within Riyadh Hospitality Market
16.1. Cross Comparison within Major Hotels in Riyadh

17. Case Studies of Major Hotels in Riyadh
17.1. Hyatt Group (Hyatt Palace)
17.2. Double Tree -By Hilton
17.3. Mira Trio Hotel
17.4. Carawan Al Fahad Hotel
17.5. Al Mashreq Boutique Hotel
17.6. Business Inn Tahlia Hotel
17.7. Hotel Novotel (Riyadh)
17.8. Ibis Riyadh (Olaya Street)
17.9. Holiday Inn (Olaya Riyadh)
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List of Figures
Figure 3-1: Total Number of Domestic and International Tourists in the KSA in Million, 2017-2018
Figure 3-2: Total Number of Domestic and International Tourists in KSA in Percentage (%), 2017-2018
Figure 4-1: Current and Future Demand for Hotels in Riyadh on the Basis of Keys, 2013-2023E
Figure 4-2: Current and Future Supply for Hotels in Riyadh on the Basis of Total Number of Keys, 2013-2018
Figure 4-3: Upcoming Key Projects in Riyadh Including Total Number of Rooms and Year of Completion
Figure 4-4: Total Demand and Supply in Riyadh Hospitality Market on the Basis of Total Number of Rooms, 2018 and 2023E
Figure 4-5: Supply-Demand Gap in Riyadh Hospitality Market with Oversupply / Excess Demand Situation, 2013, 2018 and 2023
Figure 8-1: ADR and RevPAR for the Riyadh Hospitality Market, as of December 31st 2013-December 31st 2018
Figure 9-1: Current and Estimated Average Daily Occupancy Rates of Hotels in Riyadh in Percentage (%), 2013-2023E
Figure 15 1: Hotel Rooms for Branded Hotels in-Riyadh: Clemence Suits
Figure 15 2: Entrance and Lobby for Branded Hotels in-Riyadh: Al Sahafa
Figure 15 3: Hotel Rooms for Branded Hotels in-Riyadh: Hilton Inn
Figure 15 4: Business Rooms for Branded Hotels in-Riyadh: Ibis hotel
Figure 16-1: Cross Comparison of Amenities provided by Major Hotels on the Basis of Total Number of Hotels taken into account in Percentage (%) as of June 2019
Figure 17 1: Hyatt Place Snapshot- Lodging and-Business: Hyatt Place Outer View (Top Left), Standard Suite (Top Right), Lounge Space (Bottom left), Conference and Presentation Space (Bottom Right) as of 2019
Figure 17 2: Hyatt Place Snapshot-Entertainment-Services: Hyatt Swimming Pool (Top Left), Hyatt Bar (Top Right), Fitness Center (Bottom left), In Hotel Cafē (Bottom Right) as of 2019
Figure 17 3: Double Tree by Hilton Snapshot- Lodging and-Business: Double Tree Outer View (Top Left), Standard Suite (Top Right), Presentation Room (Bottom left), Meeting Room (Bottom Right) as of 2019
Figure 17 4: Double Tree by Hilton Snapshot-Entertainment-Services: Double Tree Restaurant (Top Left), Cafe (Top Right), Lounge (Bottom left), and salad Bar (Bottom Right) as of 2019
Figure 17 5: Mira Trio Hotel Snapshot- Lodging and-Business: Mira Trio View (Top Left), Deluxe Room (Top Right), Standard Room (Bottom left), Meeting Room (Bottom Right) as of 2019
Figure 17 6: Mira Trio Hotels Snapshot-Entertainment-Services: Mira Trio Fitness Center (Top Left), Mira Restaurant (Top Right), Swimming Pool (Bottom left), and Outer terrace (Bottom Right) as of 2019
Figure 17 7: Carawan Al Fahad-Snapshot: Carawan Al Fahad Outside View (Top Left), Lounge (Top Right), Swimming Pool (Bottom left), Restaurant (Bottom Right) as of 2019
Figure 17 8: Al Mashreq Boutique Hotel-Snapshot: Al Mashreq Boutique Outside View (Top Left), Suite (Top Right), Swimming Pool (Bottom left), Restaurant (Bottom Right) as of 2019
Figure 17 9: Business Inn Tahlia Hotel-Snapshot: Business Inn Tahlia Hotel Outside View (Top Left), Suite (Top Right), Swimming Pool (Bottom left), Restaurant (Bottom Right) as of 2019
Figure 17 10: Hotel Novotel-Snapshot: Hotel Novotel outside view (Top Left), Suite (Top Right), Lounge (Bottom left), Business Presentation Room (Bottom Right) as of 2019
Figure 17 11: Hotel Novotel Snapshot- Entertainment-Services: Hotel Novotel Restaurant Food (Top Left), Pool (Top Right), Fitness center (Bottom left), and Hot Tub (Bottom Right) as of 2019
Figure 17 12: Ibis Riyadh-Snapshot: Ibis Riyadh outside view (Top Left), Suite (Top Right), Lounge (Bottom left), Business Presentation Room (Bottom Right) as of 2019
Figure 17 13: Ibis Riyadh Snapshot- Entertainment-Services: Ibis Riyadh Restaurant Food (Top Left and Top Right), Fitness center (Bottom left), and Restaurant Food (Bottom Right) as of 2019
Figure 17 14: Holiday Inn (Olaya Riyadh)-Snapshot: Holiday Inn outside view (Top Left), Suite (Top Right), Business Presentation Room (Bottom left), Restaurant (Bottom Right) as of 2019
Figure 17 15: Holiday Inn (Olaya Riyadh) Snapshot- Entertainment-Services: Swimming Pool (Left), Fitness Center (Right) as of 2019

List of Tables
Table 3-1: International Tourist Influx within Saudi Arabia by Month for 2018
Table 3-2: Entertainment Statistics in Riyadh by Type of Tourists (Domestic and International) Including Number of Attendees, Number of Events and Event Days, as of 2018
Table 3-3: Entertainment Statistics in Riyadh by Type of Event Including Number of Attendees, Number of Events and Event Days, as of 2018
Table 3-4: List of Major Venues for Conducting Business Exhibitions in Riyadh City Including Venue Name and Venue Type, as of 2018
Table 3-5: Government Initiatives towards KSA Tourism Including Gov. Initiative Name, Features and Effect on Hospitality Sector
Table 3-6: List of Branded Hotel Chains in Riyadh as of 2019
Table 3-7: Business Tourism Spending, Leisure Tourism Spending, Foreign Spending, Government Individual spending In Saudi Arabia from 2013-2019
Table 3-8: Other Factors (Economical Factors, Geopolitical Factors, Technological Factors and Cultural Factors) affecting the Demand for Travel and Tourism in the KSA
Table 4-1: Number of Hotel Rooms in Riyadh by Hotel Type (Number of Keys), 2018
Table 5-1: Current and Expected Performance within the Riyadh Hospitality Market, 2018 and 2023E
Table 6-1: Key Expected Upcoming Hospitality Projects (Movenpick hotels, Hilton Garden Inn, Westin Riyadh and Hilton Hotels and Element Riyadh) in Riyadh city Including Hotel / Project Name and Project Description
Table 6-2: List of Upcoming Hotel Openings in Riyadh Including Project Name, Project Type; Stage and Estimated Completion Year
Table 7-1: Cross Comparison of Major Hotel Chains in Saudi Arabia Including Hotel Name, Property Description, Locations and Features as of June 3rd 2019
Table 7-2: Cross Comparison of Major Hotel Prices in Riyadh on the Basis of Rental Rates per Night in SAR, 2019
Table 8-1: List of Parameters affecting the Price of Hotels in Riyadh Including Brand, Premium Facilities, Location and Room Size
Table 10-1: IQAMA Renewal Fees on the Basis of Fee in SAR / Month, 2018-2020E
Table 10-2: Summarized List of Generic and Specific Features, Room Number and Areas, Number of Floors and Rentable Area for Popular Brands of 3 Star Hotels in Riyadh
Table 11-1: Factors Influencing the Investment Decision in the Saudi Arabia Hospitality Market and their Degree of Impact (Encouraging, Positive and Negative)
Table 11-2: Cost of Hotel Construction Including Furniture, Fixtures & Equipment (FF+E), Operating Supplies & Equipment (OS+E) by Facilities by 3 Star Hotel, 4 Star Hotel, 5 Star Business Hotel and 5 Star Resort on the Basis of Cost Range (Low, Medium and High) in SAR per Square Meters, 2017
Table 12-1: List of Gaps with Possible Solutions affecting Riyadh Hospitality Sector
Table 13-1: Recommendations related to Success Factors of Developing Hotels within the KSA Hospitality Market
Table 14-1: List of Major Branded Hotel Operators Including Brand Name, Properties / Listings in Saudi Arabia and Major Properties
Table 14-2: Strengths and Weaknesses of Major Hotel Chains (Marriott Hotels & Resorts, Sheraton, Radisson Blu, Inter Continental Hotels & Resorts and Hilton Hotels & Resorts) in the Saudi Arabia
Table 15-1: Other Features offered by 3 Star hotels in Riyadh
Table 15-2: Ideal Floor Suggestions for a 3 Star Hotel in Riyadh Including Floor Type, Room Type and Area
Table 16-1: Cross Comparison of Hotels in Riyadh (Hyatt Place, Double Tree by Hilton, Mira Trio Hotel, Carawan Al Fahad Hotel, Al Mashreq Boutique Hotel)
Table 16-2: Cross Comparison of Hotels in Riyadh (Business Inn Tahlya Hotel, Hotel Novotel (Riyadh), Ibis Riyadh (Olaya Street), Holiday Inn (Olaya Riyadh))
Table 16-3: Service Comparison Matrix of Major Hotels (Hyatt Place, Double Tree by Hilton, Mira Trio Hotel, Carawan Al Fahad Hotel and Al Mashreq Boutique Hotel) in Riyadh
Table 16-4: Service Comparison Matrix of Major Hotels (Business Inn Tahlya Hotel, Hotel Novotel Riyadh, Ibis Riyadh Olaya Street and Holiday Inn Olaya Riyadh) in Riyadh
Table 17-1: Case Review of Hyatt Place-Riyadh including, Hyatt Overview, Hyatt Place overview, Number of Rooms, Number of Floors, Total Area, Room Area, Price/Night (Daily), Price/Night(Monthly), Price/Night(Annually), Services, Amenities and Facilities, Popular Locations Nearby, Customer Ratings and Reviews
Table 17-2: Case Review of Double Tree Hilton-Riyadh including, Hilton Overview, Double Tree overview, Number of Rooms, Number of Floors, Total Area, Room Area, Price/Night (Daily), Price/Night(Monthly), Price/Night(Annually), Services, Amenities and Facilities, Popular Locations Nearby, Customer Ratings and Reviews
Table 17-3: Case Review of Mira Trio Hotel Riyadh including, Mira Trio Hotel overview, Number of Rooms, Number of Floors, Total Area, Room Area, Price/Night (Daily), Price/Night(Monthly), Price/Night(Annually), Services, Amenities and Facilities, Popular Locations Nearby, Customer Ratings and Reviews
Table 17-4: Case Review of Carawan Al Fahad Hotel Riyadh including, Carawan Al Fahad Hotel overview, Number of Rooms, Number of Floors, Total Area, Room Area, Price/Night (Daily), Price/Night(Monthly), Price/Night(Annually), Services, Amenities and Facilities, Popular Locations Nearby, Customer Ratings and Reviews
Table 17-5: Case Review of Al Mashreq Boutique Hotel Riyadh including, Al Mashreq Boutique Hotel overview, Number of Rooms, Number of Floors, Total Area, Room Area, Price/Night (Daily), Price/Night(Monthly), Price/Night(Annually), Services, Amenities and Facilities, Popular Locations Nearby, Customer Ratings and Reviews
Table 17-6: Case Review of Business Inn Tahlia Hotel Riyadh including, Al Mashreq Boutique Hotel overview, Number of Rooms, Number of Floors, Total Area, Room Area, Price/Night (Daily), Price/Night(Monthly), Price/Night(Annually), Services, Amenities and Facilities, Popular Locations Nearby, Customer Ratings and Reviews
Table 17-7: Case Review of Hotel Novotel Riyadh including, Hotel Novotel overview, Number of Rooms, Number of Floors, Total Area, Room Area, Price/Night (Daily), Price/Night(Monthly), Price/Night(Annually), Services, Amenities and Facilities, Popular Locations Nearby, Customer Ratings and Reviews
Table 17-8: Case Review of Ibis Riyadh (Olaya Street) Riyadh including, Ibis Riyadh (Olaya Street) overview, Number of Rooms, Number of Floors, Total Area, Room Area, Price/Night (Daily), Price/Night(Monthly), Price/Night(Annually), Services, Amenities and Facilities, Popular Locations Nearby, Customer Ratings and Reviews
Table 17-9: Case Review of Holiday Inn (Olaya Riyadh) including, Holiday Inn (Olaya Riyadh) overview, Number of Rooms, Number of Floors, Total Area, Room Area, Price/Night (Daily), Price/Night(Monthly), Price/Night(Annually), Services, Amenities and Facilities, Popular Locations Nearby, Customer Ratings and Reviews
Note: Product cover images may vary from those shown
  • Hyatt Palace
  • Double Tree-By Hilton
  • Mira Trio Hotel
  • Carawan Al Fahad Hotel
  • Al Mashreq Boutique Hotel
  • Business Inn Tahlia Hotel
  • Hotel Novotel (Riyadh)
  • Ibis Riyadh (Olaya Street)
  • Holiday Inn (Olaya Riyadh)
Note: Product cover images may vary from those shown
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