Procurement
Expert Panel
Create New Account
Login
logo
Report store
Insights
Survey
Consulting
Book discovery call
logo

Potential Investment Opportunities in the Riyadh Luxurious Resorts

Region:Middle East

Product Code:KR727

Download Sample Report
Published On

December 2018

Total pages

121

About the Report

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.

Potential Investment Opportunities in the Riyadh Luxurious Resorts
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 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

Products

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

Companies

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

Case Studies Covered:

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

Table of Contents

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

Why Buy From Us?

RRR
Refine Robust Result (RRR) Framework

What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story

reach
Our Reach Is Unmatched

We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.

Research
Shifting the Research Paradigm

While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.

Insite
More Insights-Better Decisions

With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.

Trust
Transparency and Trust

Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.

support
Round the Clock Support

If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.

Why Client Choose Us?

400000+ Reports in repository
150+ Consulting project a year
100+ Analysts
8000+ Client Queries in 2022