Radisson Hotel Group currently manages 35 hotels across Saudi Arabia and has 15 additional properties under construction within the kingdom.
The company aims to operate and develop 100 hotels in Saudi Arabia by 2030, maintaining this goal despite disruptions to Gulf tourism caused by the ongoing U.S.-Iran conflict.
Domestic Demand Supports Saudi Hotel Market Amid Gulf Recovery Variances
Radisson’s confidence in Saudi Arabia is supported by strong domestic demand, a factor that has helped the kingdom’s hotel market remain less affected compared to other Gulf countries.
The hospitality recovery across the Gulf region is uneven, with some markets experiencing greater impacts from geopolitical tensions and reduced tourism activity.
Radisson Executive Affirms Long-Term Commitment to Saudi Arabia and Gulf Region
Elie Younes,
Radisson Hotel Group’s Executive Vice President and Global Chief Development Officer, stated the company’s regional targets remain firm despite a slight slowdown this year resulting from the war.
Younes emphasized, “Our targets for the region have not changed, although there may be a slight slowdown in signing volumes and business expansion this year because of the war. But if you’re in it for the long run, there’s no change.” He added, “We still believe in Saudi Arabia, Vision 2030, Dubai, and the region.”
Radisson’s expansion strategy aligns with Saudi Arabia’s Vision 2030 tourism development plan, reflecting the company’s long-term investment
plans for Saudi Arabia, Dubai, and the broader Gulf region.
