The number of Hyatt Hotels Corp. properties in Saudi Arabia is poised to double by 2023, with five additional hotels to add approximately 1,300 rooms to the region.
The expansion includes the anticipated opening this year of the Grand Hyatt Al Khobar, a brand first in the country. Similarly, the expected opening of Jabal Omar Hyatt Centric Makkah Hotel and Residences will mark that brand's entry into Saudi Arabia. Additionally, the Hyatt Regency Jeddah Serafi Mall is slated for a 2021 opening and a dual-brand Hyatt Place and Hyatt House Riyadh/KAFD is set for 2022.
The current portfolio consists of Park Hyatt Jeddah, Jabal Omar Hyatt Regency Makkah, Hyatt Regency Riyadh Olaya, Hyatt Place Riyadh Al Sulaimania and Hyatt House Jeddah Sari St.
“The Kingdom of Saudi Arabia is one of the fastest growing religious tourism markets in the world and one of Hyatt’s primary focus areas within the Middle East,” said Ludwig Bouldoukian, regional VP/development, Middle East and North Africa for Hyatt. “Saudi Arabia continues to make significant strides in boosting tourism and infrastructure in a bid to diversify the economy. The ambitious expansion of Hyatt brands cements Hyatt’s brand presence, both among Gulf residents and the increasing number of international travelers visiting Saudi Arabia.”
Hyatt’s growth strategy is aligned with Saudi Arabia’s “Vision 2030,” which focuses on increasing both tourism and the kingdom’s economy. IHG, Radisson and Hilton also are expanding across the country.