Shopping Cart

Potential Investment Opportunities in the Riyadh Luxurious Resorts

SKU
KR727
READ MORE
USD 3,000
Single User License
USD 3,000
Hard Copy License
USD 3,600
Corporate User License
USD 6,000
The report is useful for 5 star as well as 4 star hoteliers, investors in Riyadh hospitality Sector, hospitality industry associations, government / regulatory authorities and Ministry of Tourism.
READ MORE
  • Details
  • Table Of Content
  • Licence Rights
  • Section Purchase
  • Products and Companies

The report titled "Potential Investment Opportunities in the Riyadh Luxurious Resorts" provides information on overview of hospitality market within Riyadh, factors influencing the hospitality market in Riyadh region, current and future demand and supply, market insight and performance, key expected upcoming luxury resort projects, potential demand on long-term lease and annual subscription, key features and characteristics of luxurious resorts in Saudi Arabia, competitive analysis of major luxurious resorts within Riyadh, target customers and recommended branded operators. The report concludes with investment opportunities, success factors, gap analysis and future outlook. The report is useful for 5 star as well as 4 star hoteliers, investors in Riyadh hospitality Sector, hospitality industry associations, government / regulatory authorities and Ministry of Tourism.

Current and Future Demand and Supply:
The market showcased a strong potential owing to increasing personal disposable income among Saudi Nationals, improving tourism as well as leisure activities of people, developing infrastructure capabilities, increasing influx of foreign guests and others. Increasing supply of luxury resorts in the KSA is potentially threatening the dominance of the UAE in the high-end hospitality market. As the Riyadh market remains dominated by the luxury hospitality sector, the entry of mid-market hotel brands can lead to rise in competition within the overall hospitality market in the near future.

Riyadh Hospitality Market Overview:
Riyadh hospitality market has been undergoing a transition with austerity measures in KSA, plunge in crude oil prices and rise in Iqama fees and introduction of dependent fees due to Saudization. Some of the other factors include increasing number of tourist arrivals, air transport infrastructure, reception and weddings, influx of luxury hotels around Riyadh, rising exhibitions, events, trade fairs and entertainment centers and ultra-high net worth individuals.
Major target audience of luxurious resorts within Riyadh city includes the local Saudi audience who come along with their families for a vacation and book high-end villas for their premium services such as private pool, garden, LCD, kitchen equipments and others.

Market Insight and Performance:
After years of relative stability, the luxurious resort market in Riyadh city faced a difficult business environment in 2017 owing to price fluctuations in crude oil coupled with decline in corporate visitation along with new hotels and resort project delays. The market recovered in 2018 majorly with government economic reforms and reduction in ongoing hotels and resorts project delays which led to a higher supply of resort villas in Riyadh. Introduction of internationally branded hotel rooms and expected associations / tie-ups between high-end brands and resorts can boost the market growth in the near future. The average daily occupancy rate of luxurious resorts within Riyadh is estimated to increase in the near future. The challenges in maintaining a higher occupancy will have a direct impact on older resort properties such as Vivienda Granade Resort, Al-Faisaliah Resort and Spa, Braira Hitin and others.

Potential Demand on Long-term Leasing of Resorts in Riyadh
The trend of outsourcing luxurious resort is not that popular in Riyadh as the guest usually visit resort for an exclusive experience and hence there are limited chances of repeat visit. In accordance with the 21st International Hotel Investment Forum 2018, multiple branded operators have showcased interest towards agreeing on long term hotel leasing over the world, including the Kingdom of Saudi Arabia (KSA) in order to expand their business operations for instance, Radisson Collection. In line with this, other branded operators are seeking to embark their emergence into luxury resort segment in Riyadh to broaden their portfolio.

Competitive Analysis:
Competition within the Riyadh luxurious resorts market was observed to highly fragmented along with the presence of limited high-end/premium resorts in the capital city. These resorts compete on the basis of various parameters such as target audience, resort facilities / amenities, land area, location of the resort, type of villas, room supply, average daily occupancy rate, average daily rent per night and others.

Riyadh Hospitality Market Future Outlook, Opportunities and Development Trends
Future outlook of hospitality market is expected to be positive in Saudi Arabia due to various development initiatives in the capital city Riyadh. Apart from the 2 planned mega-malls, the recently announced Entertainment City project led by the public fund will help boost the tourist leisure demand, especially from Saudi Nationals. Continued new supply of hotel/resort rooms and the market’s heavy reliance on business travel associates will also contribute to the KSA hospitality industry market performance in the near future.

Key Segments Covered:
By Type of Rented Units
First Class
Second Class
Third Class
Four Class
By Type of Hotels
One Star
Two Star
Three Star
Four Star
Five Star

Key Target Audience
5 star and 4 star hoteliers
Investors in Hospitality Sector
Hospitality Industry Associations
Government/Regulatory Authorities
Ministry of Tourism

Time Period Captured in the Report:
Historical Period: 2012-2017
Muharram (22 Sep – 21 Oct 2017)
Safar (22 Oct – 21 Nov 2017)
Rabi' I (22 Nov – 21 Dec 2017)
Rabi' II (22 Dec 2017 – 21 Jan 2018)
Jumada' I (22 Jan – 21 Feb 2018)
Jumada' II (22 Feb – 21 Mar 2018)
Rajab (22 Mar – 21 Apr 2018)
Sha'ban (22 Apr – 21 May 2018)
Ramadan (22 May – 21 June 2018)
Shawwal (22 Jun – 21 July 2018)
Dhul-Qadah (22 Jul – 21 August 2018)
Dhul-Hijjah (22 Aug – 21 Sep 2018)
Future Forecast: 2023

Case Studies Covered:
Vivienda Resort (Granada Branch)
NOFA Resort (Radisson Collection)
Al Faisaliah Resort and Spa
Rest Resort
Davli Resort
Braira Resort (Hitin Branch)

Key Topics Covered in the Report
Executive Summary
Research Methodology
Riyadh Hospitality Market Overview
Factors Influencing the Hospitality Market in Riyadh Region
Current and Future Demand and Supply, 2018 and 2023
Market Insight and Performance
Average Daily/Monthly/Annual Rental Rates of Luxurious Resorts in Riyadh
Average Daily Occupancy Rates of Resorts in Riyadh
Riyadh Hospitality Market Future Outlook, Opportunities and Development Trends
Key Expected Upcoming Luxury Resort Projects in Riyadh
Does the Landscape of Hospitality in Saudi Arabia is forecasted to be Positive and encouraging to invest in this Sector?
Recommendations Regarding Success Factors of Developing Luxurious Resorts
Key Features and Characteristics of Luxurious Resorts in Saudi Arabia
Recommended Branded Operators for Luxurious Resorts
Targeted Customers of Luxurious Resorts
Potential Demand on Long-term Lease and Annual Subscription Resorts in Riyadh
Recommendation for Type of Facilities to be Developed within Luxurious Resorts
Competitive Analysis of Major Luxurious Resorts in Riyadh

READ MORE

Scope

1. Executive Summary

2. Research Methodology

2.1. Market Definitions
2.2. Research Approach

3. Riyadh Hospitality Market Overview

4. Factors Influencing the Hospitality Market in Riyadh Region

Increasing Number of Tourist Arrivals
Saudization
Air Transport Infrastructure
Reception and Weddings
Influx of Luxury Hotels around Riyadh
Rising Exhibitions, Events, Trade Fairs and Entertainment Centers
Ultra-High Net-Worth Individuals

5. Current and Future Demand and Supply, 2018 and 2023

Current Market Potential
Future Market Potential
Oversupply Situation in Luxurious Resorts of Riyadh

6. Market Insight and Performance

7. Average Daily / Monthly / Annual Rental Rates of Luxurious Resorts in Riyadh

8. Average Daily Occupancy Rates of Resorts in Riyadh

9. Riyadh Hospitality Market Future Outlook, Opportunities and Development Trends

10. Key Expected Upcoming Luxury Resort Projects in Riyadh

Major Tourist Attractions

11. Does the Landscape of Hospitality in Saudi Arabia is forecasted to be Positive and encouraging to invest in this Sector?

12. Recommendations Regarding Success Factors of Developing Luxurious Resorts

What Gaps Exist in Riyadh Luxurious Resorts Market?
Preferable Business Models of the OTAs (Online Travel Agents)

13. Key Features and Characteristics of Luxurious Resorts in Saudi Arabia

14. Recommended Branded Operators for Luxurious Resorts

15. Targeted Customers of Luxurious Resorts

Families
Business Corporates/Travellers
Married Couples and Wedding Destinations

16. Potential Demand on Long-term Lease and Annual Subscription Resorts in Riyadh

Popularity of Hotel Outsourcing in Riyadh Region
Factors Affecting Property Premium
Why Long-Term Leasing is Low in Case of Resorts?
The Changing Trend towards Leasing
Resort Management Contract between Owner and Operator

16.1. Annual Subscription Cost Regarding Leased Luxurious Resorts in Riyadh

Gymnasium
Spa and Wellness
Café & Restaurants

17. Recommendation for Type of Facilities to be developed within Luxurious Resorts

18. Competitive Analysis of Major Luxurious Resorts in Riyadh

18.1. Competition Scenario in Riyadh Luxurious Resorts Market
18.2. Case Studies of Major Luxurious Resorts in Riyadh

18.2.1. Vivienda Resort (Granada Branch)
18.2.2. NOFA Resort (Radisson Collection)
18.2.3. Al Faisaliah Resort and Spa
18.2.4. Rest Resort
18.2.5. Davli Resort
18.2.6. Braira Resort (Hitin Branch)

Disclaimer
Contact Us


List Of Figure

Figure 4-1: Saudi and Non-Saudi Population Statistics in Riyadh City and Growth Rate of Non-Saudi Population in Percentage (%), 2015-2017
Figure 5-1: Total Demand and Supply in Riyadh Luxurious Resorts Market on the Basis of Total Number of Rooms, 2018 and 2023E
Figure 5-2: Supply-Demand Gap in Riyadh Luxurious Resort Market with Oversupply / Excess Demand Situation, 2018 and 2023
Figure 5-3: Seasonal Occupancy Rates in Riyadh Luxurious Resorts, 2017
Figure 8-1: Current and Estimated Average Daily Occupancy Rates of Resorts in Riyadh and Growth Rate in Percentage (%) as of October 31st 2018 and 2022E
Figure 15-1: Total Number of Business Establishments in Riyadh, 2012-2016
Figure 16-1: Factors affecting Property Premium Including Physical Attributes, Service & Amenities and Image & Association
Figure 18-1: Landscape View of Vivienda Granada Resort, Riyadh
Figure 18-2: Villa Bedroom of Vivienda Granada Resort, Riyadh
Figure 18-3: Dining Room and Living Room in Vivienda Granada Resort, Riyadh
Figure 18-4: Villa Private Pool in Vivienda Granada Resort, Riyadh
Figure 18-5: Landscape View of NOFA Resort (Radisson Collection), Riyadh
Figure 18-6: Collection Super Luxury Villa in NOFA Resort (Radisson Collection), Riyadh
Figure 18-7: Outdoor Pool in NOFA Resort (Radisson Collection), Riyadh
Figure 18-8: Outdoor Pool in NOFA Resort (Radisson Collection), Riyadh
Figure 18-9: Landscape of Al Faisaliah Resort and Spa, Riyadh
Figure 18-10: Layout of Al Faisaliah Resort and Spa, Riyadh
Figure 18-11: Bird’s-Eye View of Al-Faisaliah Resort and Spa, Riyadh
Figure 18-12: Game Room in Rest Resort, Riyadh
Figure 18-13: Dining Room in Rest Resort, Riyadh
Figure 18-14: Outer Villa View of Rest Resort, Riyadh
Figure 18-15: Bird’s-Eye View of Davli Resort, Riyadh
Figure 18-16: Ground Floor Layout of Davli Resort, Riyadh
Figure 18-17: Entrance of Davli Resort, Riyadh
Figure 18-18: Escape Plan of Braira Hitin Resort, Riyadh
Figure 18-19: Landscape View of Braira Resort (Hitin Branch), Riyadh
Figure 18-20: Villa Room of Braira Resort (Hitin Branch), Riyadh
Figure 18-21: Restaurant within Braira Resort (Hitin Branch), Riyadh


List Of Table

Table 3-1: Type of Accommodation Facilities (Hotels, Furnished Units, Hotel Villas, Hotel Apartments, Tourist Inn, Road hotels and Resorts) in Riyadh Including Total Number of Rooms and Total Number of Units as of 31st December 2017
Table 3-2: Total Number of Rented Hotel Units by Class (Four Class, Third Class, Second Class and First Class) and Total Number of Hotels by Star Quality (Two Star, Three Star, Four Star and Five Star) in Riyadh as of 31st December 2017
Table 4-1: International Tourist Influx within Saudi Arabia as of 2018
Table 4-2: Pilgrims Coming from Foreign Countries by Gender (Male and Female) and Means of Transportation (Land, Sea and Air), 2017
Table 4-3: Saudi Arabia Population (Saudi and Non-Saudi) by Age Group in Thousands, 2017
Table 4-4: Global MTI Rankings Including Country Name and their Score, 2016
Table 4-5: Expatriates Population living in the KSA by Major Countries (Syrian, Indian, Pakistan, Egyptian, Yemeni, Bangladeshi, Filipino, Sri Lankan, Indonesian, Sudanese, Jordanian/Palestinian, Westerners and Turkish), 2017
Table 4-6: IQAMA Renewal Fees on the Basis of Fee in SAR / Month, 2018-2020
Table 4-7: International Passengers Arriving to the KSA via Saudia Airlines on the Basis of Major Cities (Jeddah, Riyadh, Madinah, Dammam and Others), 2012-2016
Table 4-8: Registered Marriage Statistics of Saudi Arabia by Region Including The Parties or One Non-Saudi; The Parties are Saudis; Total Number of Marriage Contracts and Permitted Marriage Officials, 2017
Table 4-9: Entertainment Statistics in Riyadh by Group Members (Public, Family only, Male only and Female only) Including Number of Attendees and Number of Events, 2017
Table 4-10: List of Major Venues for Conducting Business Exhibitions in Riyadh City Including Venue Name and Venue Type, 2017
Table 4-11: Segmentation of Corporate Events in Saudi Arabia by Type, 2016
Table 5-1: Total Demand and Supply in Riyadh Luxurious Resorts Market Including Resort Name, Total Number of Rooms, and Gated Land Area is Square Meters, as of October 31st 2018
Table 6-1: Luxurious Resorts Current and Expected Performance in Riyadh
Table 6-2: Financial Performance of Major Luxurious Resorts in Riyadh on the Basis of Revenue per Available Room (RevPAR) in SAR as of October 31st 2018
Table 6-3: Cross Comparison of Major Luxurious Resorts in Riyadh City Including Average Number of Rooms in the Villa and Villa Amenities as of October 31st 2018
Table 6-4: Cross Comparison of Major Luxurious Resorts in Riyadh City Including Room Type and Average Daily Rent in SAR as of October 31st 2018
Table 7-1: Average Daily / Monthly / Annual Rental Rates of Luxurious Resorts in Riyadh on the Basis of Revenue in SAR as of 31st October 2018
Table 7-2: List of Parameters affecting the Price of Luxurious Resorts in Riyadh Including Premium Range of Amenities / Facilities, Brand, Location and Room Size
Table 8-1: List of Top / Major Resorts in Riyadh Including Resort Name, Average Daily Occupancy Rate in Percentage (%) and Expected Occupancy Rates in Percentage (%) as of 2018 and 2023E
Table 9-1: Riyadh Hospitality Market Future Outlook, Opportunities and Development Trends (Travel and Tourism, Destination Weddings, Saudization Impact, Outflow of Foreign Expats, Construction and Infrastructure Capabilities, Ultra-High Net Worth Population; and Exhibitions and Trade Fairs)
Table 9-2: List of Major Infrastructure Projects in Riyadh Hospitality Industry Including Project Name, Industry, Client and Project Status
Table 10-1: Key Expected Upcoming Luxury Resort Projects (Taj Hotel Palaces Resorts, Ascott Villas Riyadh, Rotana Hotels and Resorts, Warwick Hotels and Resorts and Qiddiya Entertainment Resort / City) in Riyadh city Including Resort / Project Name and Project Description
Table 10-2: List of Upcoming Hotel Openings in Riyadh Including Project Name, Project Type; Stage and Estimated Completion Date
Table 10-3: List of Upcoming Resort Projects in Saudi Arabia Including Project Name, City; Stage and Estimated Completion Date
Table 10-4: List of Upcoming Hotel Openings in Saudi Arabia Including Project Name, Project Type, City (Jeddah, Makkah, Al Khobar, Dammam, Al Ahsa, Al Arar, Madinah, Yanbu, Jubail and Qassim); Stage and Estimated Completion Date
Table 11-1: Factors Influencing the Investment Decision in the Saudi Arabia Hospitality Market and their Degree of Impact (Encouraging, Positive and Negative)
Table 11-2: Cost of Hotel Construction Including Furniture, Fixtures & Equipment (FF+E), Operating Supplies & Equipment (OS+E) by Facilities by 3 Star Hotel, 4 Star Hotel, 5 Star Business Hotel and 5 Star Resort on the Basis of Cost Range (Low, Medium and High) in SAR per Square Meters, 2017
Table 12-1: Revenue Generation Models of Online Travel Agencies (OTAs) in the KSA
Table 12-2: Recommendations related to Success Factors of Developing Luxurious Resorts
Table 13-1: Cross Comparison of Major Resorts in Saudi Arabia Including Region, Resort Name, Property Description and Property Listings in the KSA as of October 31st 2018
Table 13-2: Cross Comparison of Major Resorts in Saudi Arabia on the Basis of Rental Rates per Night in SAR, 2018
Table 14-1: List of Major Branded Operators for Luxurious Resorts Including Brand Name, Properties/Listings in Saudi Arabia and Major Properties
Table 14-2: Strengths and Weaknesses of Major Luxurious Resorts (Radisson, Hilton, Intercontinental Hotels Group (IHG), Marriott, Taj and Cristal) in Saudi Arabia
Table 15-1: Targeted Customers of Luxurious Resorts in Riyadh
Table 15-2: List of Leading Wedding Halls in Riyadh Including Property Name and their Accommodation
Table 17-1: Recommendations related to the Type of Facilities to be developed within Luxurious Resorts
Table 18-1: Service Comparison Matrix of Major Luxurious Resorts in Riyadh
Table 18-2: Cross Comparison of Major Luxury Resorts (Vivienda Granada Resort, NOFA Resort, and Al Faisaliah Resort) in Riyadh Including Target Audience, Popular Facilities / Amenities, Area (Square Meters), Location, Type of Villas, Room Supply, Average Daily Occupancy Rate (%) and Average Daily Rent in SAR as of 31st October, 2018
Table 18-3: Cross Comparison of Major Luxury Resorts (Rest Resort, Davli Resort and Braira Resort Hitin Branch) in Riyadh Including Target Audience, Popular Facilities / Amenities, Area (Square Meters), Location, Type of Villas, Room Supply, Average Daily Occupancy Rate (%) and Average Daily Rent in SAR as of 31st October, 2018
Table 18-4: Case Study of Vivienda Granada Including Overview of Vivienda, Overview of Vivienda Granada, Total Land Area (As of October 31st 2018), Total Number of Villas (As of October 31st 2018), Rental Rates of Villas (As of October 31st 2018), Product Mix (Accommodation Type), Villa Features, Characteristics and Facilities, Type of Facilities and Amenities Available in the Resort, Rental Rates of Leased Facilities Inside the Resort, Operation Fees, Average Occupancy Rates (as of 2018), Annual Estimated Revenues from Accommodation, Peak Season of the Resort, Most Demanded Villa Type, Target Audience, Popular Locations Nearby and Customer Ratings and Reviews
Table 18-5: Case Study of NOFA Resort (Radisson Collection) Including Overview, Total Land Area, Total Number of Villas, Villa Features, Characteristics and Facilities, Rental Rates of Villas, Accommodation Type, Resort Amenities, Rental Rate of Leased Facilities, Operation Fees (SAR), Average Occupancy Rate (%), Annual Estimated Revenues from Accommodation, Peak Season, Most Demanded Type of Villa, Type of Customers, Area Location and Customer Ratings and Reviews as of 31st October 2018
Table 18-6: Case Study of Al Faisaliah Resort and Spa Including Overview, Gated Land Area, Number of Rooms, Number of Villas, Rental Rates, Type of Villas, Villa Features / Facilities, Number of Floors in Villas, Resort Amenities, Rental Rate of Leased Facilities, Operation Fees, Average Occupancy Rate (%), Annual Estimated Revenues from Accommodation, Type of Customers, Peak Season, Most Demanded Type of Villa, Area Location and Reviews and Ratings (Booking.com)
Table 18-7: Case Study of Rest Resort Including Overview, Total Land Area (As of October 31st 2018), Total Number of Villas (As of October 31st 2018), Rental Rates of Villas (As of October 31st 2018), Product Mix (Accommodation Type), Villa Features, Characteristics and Facilities, Type of Facilities and Amenities Available in the Resort, Rental Rates of Leased Facilities Inside the Resort, Operation Fees, Average Occupancy Rates, Annual Estimated Revenues from Accommodation, Peak Season of the Resort, Most Demanded Type of Villa, Area Information and Reviews and Ratings
Table 18-8: Case Study of Davli Resort Including Overview, Total Land Area (As of October 31st 2018), Total Number of Villas (As of October 31st 2018), Rental Rates of Villas (As of October 31st 2018), Product Mix (Accommodation Type), Villa Features, Characteristics and Facilities, Type of Facilities and Amenities Available in the Resort, Rental Rates of Leased Facilities Inside the Resort, Operation Fees, Average Occupancy Rates, Average Annual Estimated Revenues from Accommodation, Peak Season of the Resort, Most Demanded Type of Villa, Area Information and Reviews and Ratings
Table 18-9: Case Study of Braira Resort (Hitin Branch) Including Overview, Total Land Area in Square Meters, Total Number of Villas, Rental Rates of Villas in SAR, Product Mix (Accommodation Type), Villa Features, Characteristics and Facilities, Type of Facilities and Amenities Available in the Resort, Rental Rates of Leased Facilities Inside the Resort, Operation Fees in SAR, Average Occupancy Rates in SAR, Average Annual Estimated Revenues from Accommodation in SAR, Peak Season of the Resort, Most Demanded Type of Villa, Area Information and Reviews and Ratings

To know more information on Purchase by Section, please send a mail to

Products

By Type of Rented Units (First Class, Second Class, Third Class and Four Class) and By Type of Hotels (One Star, Two Star, Three Star, Four Star and Five Star)

Companies

Vivienda Resort (Granada Branch), NOFA Resort (Radisson Collection), Al Faisaliah Resort and Spa, Rest Resort, Davli Resort and Braira Resort (Hitin Branch)

Brand Description
History Color sit amet, consectetur adipiscing elit. In gravida pellentesque ligula, vel eleifend turpis blandit vel. Nam quis lorem ut mi mattis ullamcorper ac quis dui. Vestibulum et scelerisque ante, eu sodales mi. Nunc tincidunt tempus varius. Integer ante dolor, suscipit non faucibus a, scelerisque vitae sapien.