Hospitality group says it is keen to expand in Saudi Arabia, saying it holds 'strong potential'
Warwick Hotels & Resorts (WHR), a global hospitality company, has announced plans to accelerate growth in the Middle East and North Africa (MENA) region.
The group has set a target of 25 hotels representing 2,500 room in the region by 2025, with six new properties in its pipeline in Saudi Arabia, Dubai, Bahrain and Lebanon.
Warwick said it is particularly keen to expand in Saudi Arabia, saying it holds "strong potential".
The company currently operates 16 hotels in the MENA region spread across Saudi Arabia, Qatar, Turkey and Lebanon, both in 4- and 5- star categories.
Jamal Serhan, senior vice president and CEO MENA, Warwick Hotels & Resorts, said: “We are focused on expanding our presence in the GCC in the 4- and 5-star segment, especially in Saudi Arabia.
"The kingdom, that commands a giant’s share of the Arab GDP, holds strong potential for the growth of tourism and hospitality sector in accordance with Saudi Vision 2030 and we are delighted to be part of it.
"New leisure and tourism facilities are forecasted to fuel domestic tourism at 8 percent per year until 2023 as well as boost international arrivals to 23.3 million. Hence, investment in Saudi Arabia is very important for us and will hold strong benefits for our company."
He added that Warwick will be opening two hotels in Riyadh this year, one with 100 rooms and one with 90 rooms while it also plans to open a property in Dammam with 105 keys.
After opening its first hotel, the Warwick New York, in 1980, Warwick has developed a collection of luxury hotels and resorts worldwide.