Saudi Arabia needs more economy hotels: study
- Saudi Arabia: Sunday, January 13 - 2013 at 03:06
According to a study by Colliers International, Saudi Arabia has a limited supply of quality internationally branded economy hotels, Saudi Gazette has reported. The kingdom's market has the potential to absorb an additional 34,882 economy hotel rooms over and above forthcoming supply over the next five years, spread across major and secondary cities, the research said. The future supply of internationally branded economy hotels is strong, with 1,182 rooms expected to be delivered to the market across the kingdom by 2015. These rooms will include well-established brands such as Ibis, Centro, Premier Inn and Holiday Inn Express, the study noted.
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