A recent industry report has stated that number of hotel rooms in Jeddah is forecast to double by 2018.
The ‘Jeddah Hotel Market Overview’ report by JLL prepared ahead of The Hotel Show Saudi Arabia 2016 revealed that current supply of 8,600 rooms (Q1 2016) 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, 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 said: “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.”
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 and Chief Operating Officer of AccorHotels Middle East said: “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 event will also witness Deloitte offer further insights in to the Jeddah market discussing ‘Market performance, trends and projects in Jeddah and Makkah’ as part of the Vision Conference programme for 2016.