Domestic Tourism Boosts Hotel Occupancy in KSA

Posted on 6th June 2014 in Articles

According to a Report by the Saudi Commission for Tourism and Antiquities, an increase in the tourism infrastructure across the Kingdom, there has been a massive onset of tourists to the tune of 4.8 million passengers between 2012 and 2013. This in turn has triggered a growth in hotel investments and employment across the hospitality industry in KSA. The Kingdom now sports around 3,700 accommodation facilities, a third of which are hotels and others include furnished apartments all totaling around 300, 000 rooms with occupancies hovering at over 64 percent. Employment to service these hotels has consequently also hit a new high of 1.1 million staff members within the hospitality sector. Tourism has contributed nearly SR 75 billion (US$ 19.9 billion) to the Kingdom's GDP, accounting for just over 3 percent of the GDP and over three fourth's of the hotel investments in the Kingdom have centered around Makkah and Madina alone.

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