KSA Plans to Open 315,000 Hotel Rooms by 2030

Saudi Arabia plans to open 315,000 new hotel rooms by 2030, based on a report from Knight Frank, which is a property consultancy. 

This number will be double the number of hotel rooms compared to KSA's neighbouring tourism hotspot Dubai, which currently has 140,000 rooms. 

Advancing the local hospitality sector is an important aspect of Saudi Arabia's Vision 2030 because it will diversify the local economy, which is heavily dependent on oil. 

Not only will this development serve international tourists, but it will also serve domestic tourists. According to the report from Knight Frank, 65% of Saudis travel within the country between one to three times a month. 

This number is expected to increase since 56% of the Kingdom's population is aged below 35, which also means that the demand not only for hotels but various other accommodations such as youth hostels will also increase.

The Knight Frank report also emphasized the importance of creating glamping sites to cater to the demands of the young population and to allow the hospitality sector to flourish in the country. 

An important element that will benefit the local hospitality sector will be new airports and new national airlines, which will be launched soon. They will increase international investors' access to the local hospitality industry.