The Hotel Innovation Summit KSA will take place on 25 - 26 November 2024 in Riyadh and will gather leading hospitality experts from across the country to discuss emerging trends and upcoming projects in the hospitality sector to comprehend the future of the industry.
The Summit is an opportunity-driven platform for project owners, developers, consultants, and government entities to explore and source cutting-edge and ingenious products and services from leading solution providers and suppliers over a period of two days.
KEY STATISTICS
Revenue is expected to show an annual growth rate of CAGR 2023-2027 of 3.87%, resulting in a projected market volume of US$4,446 Million by 2027
The largest travel and tourism market is the hotels market with a projected market volume of US$2,506 Million in 2023
The number of users is expected to amount to 9.1 million users by 2027
Current user penetration is 25.9% in 2023; and is expected to hit 27.4% by 2027
The hotel segment in KSA is expected to reach $ 3.02 billion by 2027
42,033 hotel rooms are under construction as of March 2023, accounting for 35.1 percent of 119,505 being built in the region
Under KSA’s vision 2030, the hotel sector is expected to grow further and have 310,000 hotel rooms by 2030 with an investment of $110 Billion
20 new upcoming hotel projects in Diriyah Gate
About 8 new hotels coming up in King Abdullah Financial District
Boutique hospitality to take over multiple heritage sites and convert them into unique luxury properties
Seven is working on developing the east coast, with multiple luxury hotels coming up
WHAT WILL BE COVERED
The changing landscape of hospitality in KSA
Emerging hospitality trends in the country
Digital revolution to support personalization and convenience
Sustainable hospitality
Development of giga projects to support the changing hospitality needs of the country
Policies and regulations to establish KSA as the next tourism destination in the region
Marketing strategies to promote KSA as a tourist destination
Enhancing culinary and F&B experiences
Promoting cultural tourism
Fostering an environment for heritage tourism
WHO WILL YOU MEET
Hospitality Brands
Developers
Consultants
Hotel Operators
Contractors
Tourism Authorities
Investors
Financial Advisors
Food & Beverage
CALL FOR PAPER ARE NOW OPEN!
If you have an exciting project, case-study, solution or service to share, or want to suggest a topic that should be addressed at the conference, please email us on opportunities@acm-events.com
