FINANCIAL NEWS

Saudi hospitality sector investments to hit USD8.93 b in 6 years

18 Mar 2014

(MENAFN) Investments in Saudi Arabia”s hospitality sector are expected to reach USD8.93 billion over the coming six years, according to Arab News.

Hotel Show Saudi Arabia will focus on creating a unique platform covering every aspect of hotel investment, supply, management, and other important aspects.

Christine Davidson, event director, said: “Saudi Arabia”s hotel industry is experiencing extraordinary growth, as the country is set to welcome nearly 16 million visitors by the end of the year.”

Davidson added: “With the government unrolling a series of ambitious initiatives to foster further growth in the country”s tourism sector, the outlook for suppliers and service providers is bright. As the only exhibition in the country dedicated to covering every aspect of the hotel industry ” from interior design to facilities management ” the Hotel Show Saudi Arabia is a “must-attend” event for companies to identify opportunities and establish a presence in the country.”

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