Saudi Arabia Hospitality Market Size, Share and Growth 2025-2033

Saudi Arabia Hospitality Market Overview

Base Year: 2024

Historical Years: 2019–2024

Forecast Years: 2025–2033

Market Growth Rate: 9.5% (2025–2033)

The hospitality sector is booming with mega projects, religious tourism, and entertainment expansion under Vision 2030. International hotel chains and luxury brands are increasing their footprint. The Saudi Arabia hospitality market size was valued at USD 48.6 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 109.6 Billion by 2033, exhibiting a CAGR of 9.5% from 2025-2033.

Saudi Arabia Hospitality Industry Trends and Drive:

Tourism expansion and Vision 2030 are stimulating Saudi Arabia Hospitality Market, with luxury hotels, resorts, and budget accommodations developing in Riyadh, Jeddah, and AlUla. Cultural and religious tourism drive demand, with the emergence of smart hotels offering AI-supported services, such as voice-activated rooms. The Saudi Arabia Hospitality Market is employing digital platforms for booking and virtual tours, which provide an enhanced experience for guests. Safety and sustainability are at the forefront of model regulations, encouraging a more sustainable design. Urban centers attract both business and leisure travelers, while heritage sites in rural environments stimulate boutique stays. Tourism has received considerable momentum from social media influencers and tourism commissions to heighten awareness of a new Saudi Arabia, leading to improved occupancy. Significant challenges include seasonality and high operational costs necessitating diversification

Business events and cultural festivals drive the Saudi Arabia Hospitality Market, as MICE tourism typically drives demand for accommodation in conference venues, serviced apartments, and hotels. Wellness is an area of emerging demand, with hotels offering resorts with spa and fitness facilities. The Saudi Arabia Hospitality Market is seeing a growing proliferation of sustainable practices, including behavioral and technological applications such as water-saving system installations, which can overcome the challenges of sourcing and acquiring skilled labor, as it is difficult to ensure the level of service meets customer expectations. E-commerce platforms integrate data with participant’s loyalty programs, while being supported by regulatory reforms to encourage diverse investment in tourism. Resources are limited to support rapidly developing urban hotels at the same time as rural areas develop cultural experiences. Social media is an effective platform for showcasing visually appealing places and to engage with a new global market of travelers. Remaining industry challenges include geopolitical risk and competition from neighbouring GCC countries, especially for repeat destinations in the short-haul travel segment, which encourage unique and memorable stays at higher, premium-end experiential hotels.

Grab a sample PDF of this report: https://www.imarcgroup.com/saudi-arabia-hospitality-market/requestsample

Saudi Arabia Hospitality Industry Report Segmentation:

The report has segmented the market into the following categories:

Analysis by Type:

Chain Hotels

Independent Hotels

Segment Insights:

Service Apartments

Budget and Economy Hotels

Mid and Upper Mid-scale Hotels

Luxury Hotels

Regional Analysis:

Northern and Central Region

Western Region

Eastern Region

Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

Market Performance (2019-2024)

Market Outlook (2025-2033)

COVID-19 Impact on the Market

Porter’s Five Forces Analysis

Strategic Recommendations

Historical, Current and Future Market Trends

Market Drivers and Success Factors

SWOT Analysis

Structure of the Market

Value Chain Analysis

Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=20405&flag=F

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: [email protected]

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145