Saudi Arabia Hospitality Market Size, Share and Forecast 2025-2033

Date

2025-06-11 08:11:30

(MENAFN- IMARC Group)

Saudi Arabia Hospitality Market Overview

Base Year: 2024

Historical Years: 2019–2024

Forecast Years: 2025–2033

Market Growth Rate: 9.5% (2025–2033)

The hospitality sector is booming with mega projects, religious tourism, and entertainment expansion under Vision 2030. International hotel chains and luxury brands are increasing their footprint. 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.

Saudi Arabia Hospitality Industry Trends and Drive:

Cultural tourism, sport and international events are driving Saudi Arabia Hospitality Market, including hotels, resorts, and affordable accommodations, located predominantly in urban centers, including Riyadh, separate Jeddah, separate and AlUla. The hospitality market also warrants a discussion on the inclusion of smart amenities including digitally-enhanced, voice-activated room technology that particularly targets international guests who are increased in number due to cultural tourism. Saudi Arabia's Hospitality Market benefits from user-friendly digital advertisement booking, primarily through commercial booking websites like Agoda, thus contributing to speak to guest experience and satisfaction. Social media influencers build on their own cultural experiences by promoting popular leisure activities that match tourism agendas, which build the country as appealing to international tourism. Urban locations dominate the region's visitors, and while catering primarily to business travelers, more rural sites still contain boutique accommodations built on heritage. Regulations are intensive with regards to meeting safety requirements for guest accommodation, while unpredictable operational costs and demands associated with seasonal tourism demand, ideally rely on variety in offerings to contribute to profitability. Investment into high-performance, sustainable hotel designs and experiences will help to facilitate with enhancing experiences for guests, establish Saudi Arabia's Hospitality Market as a global destination for tourism.

Religious pilgrimages and MICE programmed events are the main agendas driving Saudi Arabia's Hospitality market, including serviced apartments and new convention centers in urban settings. Wellness-based resorts with spa facilities are attractive in line with health trends and aligned with government tourism plans. Saudi tourism's hospitality market is adapting to eco-friendly and green meeting standards for both the hotel guest experience, but also meet challenges of labour shortages affecting service quality, including reliance heavily on exploring, and therefore enhancing the attraction of hospitality guests through digital service options of loyalty programs and the illusion of connectivity that social media provides with local hospitality versed entertainment experiences through audiences across the globe. Urban hotels will dominate tourist traffic in Saudi Arabia with progressive approaches to hotel dining, therefore attracting guests. Rural areas on the other hand will continue to lag with challenges faced in relation to infrastructure and portability, while regulatory reform aiding in assisting the drawing of international tourism to events hosted by the culture of Saudi Arabia, will continue to differentiate each region where foreign tourism is anticipated to occur. As a region, more differentiated branding are proposed in individual tourism sectors while in competition with the demand to increase tourism in the remaining regional states.

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Saudi Arabia Hospitality Industry Report Segmentation:

The report has segmented the market into the following categories:

Analysis by Type:

Chain Hotels
Independent Hotels

Segment Insights:

Service Apartments
Budget and Economy Hotels
Mid and Upper Mid-scale Hotels
Luxury Hotels

Regional Analysis:

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.

Key highlights of the Report:

Market Performance (2019-2024)
Market Outlook (2025-2033)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape

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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.

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