Hotelier Middle East – May 2019

BULLETIN

HOTELIER MIDDLE EAST | May 2019 | Volume 18 Issue 05 7

EXPANSION Saudi Arabia has
a ‘huge’ hotel pipeline, with
Radisson Hotels, Hilton, and the
Red Sea Development project
that will have approximately
10,000 rooms.
“Oversupply is an actual
issue right now in Saudi
Arabia; it isn’t an issue for the

future right now. However, the

solution is not difficult. We

need the demand to grow and

the government is working on

developing Saudi Arabia as a

tourist destination. When these

plans materialise, the supply

demand will be met,” said Al

Badr.

According to the “serial

entrepreneur” the oversupply

is coming at a time when the

economy is low. He explains:

“The oversupply is happening

at a time when the economy is

at a low point, but it is growing.

Consumer spending and

purchasing power is at a low

and that really affects part of

our business.”

Several hotel groups are

planning huge scale expansions

in the Kingdom, but Dur

Hospitality is playing it safe.

“We’re not planning to expand;

we’re just working on the hotels

we already have,” said Al Badr.

Saudi Arabia hotel oversupply

is a ‘current issue’, says Dur

Hospitality’s CEO

Dr Badr bin Hamoud Al Badr spoke about the challenges

that the Saudi Market is currently facing.

Focus on Saudi Arabia

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