Hotels & Motels in Saudi Arabia

Hotels & Motels in Saudi Arabia

Summary

Hotels & Motels in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the Saudi Arabia hotels & motels market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

- The hotels & motels industry value consists of all room revenues generated by hotels, motels and other accommodation providers through the provision of accommodation. The value does not include non-room revenues, such as casinos, shops and telecommunication services.
- The Saudi Arabian hotels & motels industry's total revenue valued of $5.0bn in 2016, representing a compound annual growth rate (CAGR) of 13.6% between 2012 and 2016.
- Industry consumption volume increased with a CAGR of 10.7% between 2012 and 2016, to reach a total of 1,665.0 establishments in 2016.
- The number of foreign visitors in Saudi Arabia grew significantly over 2012-2016, with the average price of accommodation following a similar trend. In this regards, the revenues of hotel operators have been boosted, particularly in 2014, when the biggest annual price increase (8.9%) was recorded. Additionally, the strong growth of non-room revenues - as the majority of supply in this industry is luxury-based - has largely contributed to the performance of the industry. In 2016, weaker corporate demand had a decelerating impact on the growth of the industry. Furthermore, domestic demand has reduced in the last two years amid the country's turbulent macroeconomic environment.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hotels & motels market in Saudi Arabia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in Saudi Arabia
- Leading company profiles reveal details of key hotels & motels market players' global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Saudi Arabia hotels & motels market with five year forecasts by both value and volume

Reasons to buy

- What was the size of the Saudi Arabia hotels & motels market by value in 2016?
- What will be the size of the Saudi Arabia hotels & motels market in 2021?
- What factors are affecting the strength of competition in the Saudi Arabia hotels & motels market?
- How has the market performed over the last five years?
- What are the main segments that make up Saudi Arabia's hotels & motels market?