Press release
Saudi Arabia Hospitality Market Expected to Hit USD 109.6 Billion by 2033, Growing at 9.5% CAGR
Market Size in 2024: USD 48.6 Billion
Market Size in 2033: USD 109.6 Billion
Market Growth Rate 2025-2033: 9.5%
According to IMARC Group's latest research publication, "Saudi Arabia Hospitality Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The Saudi Arabia hospitality market size was valued at USD 48.6 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 109.6 Billion by 2033, exhibiting a CAGR of 9.5% from 2025-2033.
How AI is Reshaping the Future of Saudi Arabia Hospitality Market
● Personalizing Guest Experiences: AI-powered customer relationship management systems are revolutionizing guest personalization through predictive analytics, automated service recommendations, and customized room preferences, increasing guest satisfaction scores by 35-40% and driving repeat bookings across Saudi Arabia's luxury hotel portfolio aligned with Vision 2030 tourism objectives.
● Optimizing Revenue Management: Machine learning algorithms are transforming hotel pricing strategies through dynamic rate optimization, demand forecasting, and competitor analysis, improving revenue per available room (RevPAR) by 25-30% while maximizing occupancy rates during peak seasons including Hajj and Umrah pilgrimages.
● Enhancing Operational Efficiency: AI-integrated property management systems are streamlining hotel operations through automated check-in/check-out processes, intelligent housekeeping scheduling, and predictive maintenance, reducing operational costs by 20-25% while improving service delivery standards required for international hospitality brands.
● Enabling Smart Concierge Services: Chatbots and virtual assistants powered by natural language processing are providing 24/7 multilingual guest support, handling routine inquiries, and facilitating service requests, improving response times by 60-70% while supporting Arabic and English language requirements for diverse tourist demographics.
● Facilitating Contactless Technology Solutions: AI-driven mobile applications and IoT-enabled room systems are enabling keyless entry, voice-activated room controls, and contactless dining experiences, enhancing guest safety and convenience while supporting 83% of travelers who value sustainable and tech-forward hospitality solutions.
Grab a sample PDF of this report: https://www.imarcgroup.com/saudi-arabia-hospitality-market/requestsample
Saudi Arabia Hospitality Market Trends & Drivers:
Saudi Arabia's hospitality market is experiencing exceptional growth driven by the government's ambitious Vision 2030 tourism diversification strategy, with the Kingdom targeting 150 million annual visitors by 2030 and massive infrastructure investments exceeding $110 billion in hospitality projects. The market's robust expansion is evidenced by hotel room revenue reaching $5.6 billion between January and October 2024, representing a 3.5% increase from 2023 and 26.5% growth compared to 2019, demonstrating strong recovery and sustained momentum.
The development of mega-projects is transforming Saudi Arabia's hospitality landscape, with flagship developments including NEOM, Red Sea Project, and Qiddiya creating unprecedented demand for luxury accommodations and innovative hospitality concepts. The Red Sea Project alone plans to deliver 50 hotels with 8,000 rooms across 22 islands and 6 inland sites, while NEOM's luxury destinations like Sindalah are positioning the Kingdom as a premium tourism destination capable of competing with established global resort markets.
Sustainable tourism initiatives are reshaping industry standards, with 85% of all LEED-certified hotels in the Middle East and North Africa region located in Saudi Arabia, demonstrating the Kingdom's commitment to environmental stewardship. The integration of cutting-edge technologies including AI-powered guest services, IoT-enabled smart rooms, and contactless solutions is enhancing operational efficiency while meeting the expectations of tech-savvy international travelers, with 65% of visitors demanding more advanced hotel technology than their home environments.
Saudi Arabia Hospitality Industry Segmentation:
The report has segmented the market into the following categories:
Type Insights:
● Chain Hotels
● Independent Hotels
Segment Insights:
● Service Apartments
● Budget and Economy Hotels
● Mid and Upper Mid-scale Hotels
● Luxury Hotels
Breakup by Region:
● Northern and Central Region
● Western Region
● Eastern Region
● Southern Region
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Ask analyst of customized report: https://www.imarcgroup.com/request?type=report&id=16899&flag=E
Recent News and Developments in Saudi Arabia Hospitality Market
● May 2025: Saudi Arabia is set to deliver 362,000 new hotel rooms by 2030 under a $110 billion hospitality expansion project, with nearly 80% of new hotels targeting the high-end luxury market segment to support the Kingdom's premium tourism positioning strategy.
● October 2024: New Murabba Development Company announced plans for a 27 million square meter development featuring 9,000 hotel rooms and the Mukaab-a 400-meter cubed structure integrating modern Najdi architectural design with advanced digital technologies as part of Vision 2030 hospitality infrastructure.
● November 2024: Saudi Arabia introduced value-added tax refunds for eligible tourist purchases starting in 2025, while the Tourism Ministry announced support for 17 different tourism projects to enhance the Kingdom's attractiveness as an international destination and boost hospitality sector growth.
Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.
About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-201971-6302
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