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4-star hotel development project
The project aims to develop a 4-star hotel strategically located in a major city, to meet the growing demand for mid-to-high-end hospitality services.
The hotel will include modernly equipped rooms, meeting and conference facilities, fitness centers, swimming pools, and various recreational facilities.
The project will contribute to boosting the local tourism and hospitality sector by providing quality services to local and international visitors.
It will also create job opportunities in various fields such as hospitality, hotel management, and maintenance. The hotel will be an ideal destination for business and leisure visitors alike.
Opportunity Content
Rationale for choosing the project
Tourism growth in Saudi Arabia:
With the implementation of Vision 2030, Saudi Arabia has seen a significant increase in the number of tourists, especially after the easing of tourist visas.
Growing demand for mid-range hotels:
The middle class of tourists and businessmen are looking for hotels that offer quality services at affordable prices.
Location as a success factor:
Choosing a strategic location close to tourist areas or commercial centers contributes to attracting more customers.
Demand analysis
Target markets:
Domestic and international tourists, business travelers, and visitors to events and exhibitions.
Travel and tourism companies looking for partnerships with hotels.
Market trends:
The mid-range hotel sector is expected to grow at a rate of 10% annually, especially in cities that witness tourism and business activity such as Riyadh, Jeddah, and Dammam.
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