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Fri 27 May 2016 10:08 AM

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Jeddah hotel rooms forecast to double by 2018

New JLL report says current supply of 8,600 rooms in the city will double - with another 8,600 rooms to be added

Jeddah hotel rooms forecast to double by 2018

The number of hotel rooms in Jeddah, Saudi Arabia is forecast to double by 2018, according to a new report.

The Jeddah Hotel Market Overview report by JLL prepared for The Hotel Show Saudi Arabia 2016 reveals that the current supply of 8,600 rooms in the city will double - with another 8,600 rooms forecast to be added to the market by 2018.

With a total stock of 17,200 hotel rooms estimated by 2018, major projects in the Jeddah pipeline include The Ritz Carlton, Jeddah; Radisson Blu Al Salamah; Movenpick City Star; Elaf Galleria and Assila Hotel & Residence by Rocco Forte.

"Hotel occupancy rates in Jeddah are historically high," said Christine Davidson, group event director of the dmg, the organisers of the hotel show, which took place last week.

"Saudi Arabia is an important market for developing business and leisure tourism as well as the dominant religious tourism sector. Jeddah is a gateway for pilgrims travelling to the holy cities of Makkah and Madinah, while its coastal location makes it popular with domestic tourists. Business tourism is fast developing, and infrastructure developments in the pipeline including expansion works on Jeddah's King Abdulaziz International Airport will increase accessibility."

AccorHotels Middle East owns a significant margin of Jeddah's hotel portfolio with nearly 600 operational rooms, set to increase to over 3,000 hotel rooms in the coming years.

Olivier Granet, managing director and chief operating officer of AccorHotels Middle East said: "We are on track to have 50 operational hotels in the kingdom with over 13,500 rooms. By 2020 we are quintupling our network in Jeddah with a fivefold increase from three existing hotels to 15."

Christian Renz, vice president for Sales and Marketing for Rocco Forte Hotels added: "With the growth figures of Jeddah doubling, Jeddah was a clear choice for Rocco Forte Hotel's development in the Middle East.

"The kingdom of Saudi Arabia is also one of our strongest outbound markets worldwide for our European hotels, so we felt it important to have a presence in the region."

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