Sector: Hospitality

After making a remarkable recovery post COVID-19 pandemic, the GCC hospitality sector is poised for robust growth and transformative changes in the coming years. Growth of the sector is being spurred by economic recovery, thriving tourism and concerted efforts of the governments to reduce reliance on hydrocarbon revenues. A rising trend towards sustainable tourism and responsible travel is gaining ground across GCC’s hospitality sector due to increasing ecological awareness among consumers worldwide. The region, especially Saudi Arabia and the UAE, is witnessing a record number of tourist arrivals due to airport expansions, construction of luxury hotels and resorts, opening of world class tourist attractions, accompanied with promotion of MICE and corporate tourism.

Alpen Capital’s comprehensive industry research reports on the hospitality sector feature forecasts on key performance indicators such as RevPar, ADR and occupancy rates, along with in-depth analysis on recent trends, growth drivers and challenges facing the segment. Furthermore, the report also profiles some of the hospitality companies in the region.

GCC Hospitality Industry Report 2024

According to Alpen Capital, the GCC hospitality sector revenue is expected to grow at a CAGR of 7.5% from 2023 to 2028, reaching approximately US$ 48.1 billion by 2028. This robust growth is fueled by the unified efforts of the GCC countries in prioritizing hospitality as a key element of their long-term diversification strategies. Furthermore, […]

GCC Hospitality Industry Report 2022

According to Alpen Capital, the GCC Hospitality industry revenues are forecasted to grow at a pace of 6.6% CAGR between 2022 and 2026 to reach US$ 34.0 billion. Strategies adopted by the regional governments, economic recovery, increase in tourist arrivals along with innovative solutions being offered by the operators are primary drivers of growth for […]

GCC Hospitality Industry Report 2018

According to Alpen Capital, the GCC hospitality market is expected to grow at a 7.2% CAGR from an estimated US$ 22.9 billion in 2017 to US$ 32.5 billion in 2022. Upcoming mega events and government initiatives to boost tourism are the primary drivers behind this growth. Growth in hospitality sector revenue of individual GCC countries […]

GCC Hospitality Industry Report 2016

Backed by an active tourism market, the GCC hospitality industry remains firm on its growth trajectory. Though drop in oil prices and currency depreciation is currently affecting demand, the sector’s long-term outlook remains strong. Government measures to bolster tourism activities in the region like encouraging private sector investments, building new attractions, expanding airport capacity, and […]

GCC Hospitality Industry Report 2014

The GCC Hospitality Industry report focuses on the key performance indicators of the GCC region’s hospitality industry, such as number of hotel rooms, ADR (average daily rate), occupancy rates, RevPAR (revenue per available room), growth rates, and the industry outlook over the next five years. The report evaluates the current demand and supply situation, growth […]

GCC Hospitality Industry Report 2012

The GCC hospitality sector is poised for a healthy growth owing to factors such as favourable economic conditions combined with infrastructure development, increased bids to host high profile global events and government support to the private sector. All these factors have contributed to the steady increase in tourist arrivals which in turn has facilitated the […]

GCC Hospitality Industry Report 2011

Alpen Capital´s latest report on the GCC Hospitality Industry estimates that room revenues for the GCC hotel industry are growing at a rate of 11% from 2010. Saudi Arabia and UAE are the two biggest markets in the region with 89% share jointly. The report also projects optimistic and pessimistic scenarios for the room revenues […]