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Hotels in SA to increase spend on refurbishment

Industry reports reveal that the growth witnessed in the hospitality sector within the Kingdom of Saudi Arabia over the last few years has created a huge increase in demand for new hotels and refurbishment of existing ones. 

For the Kingdom’s hospitality sector, this means that hotels are likely to spend heavily on renovation and refurbishment as they look to regain lost occupancies and counter competition from rising supply of new hotels with upgrades to existing ones proving to be a growing opportunity for the interiors as well as the hotel electronics market.

Riding on this growth, Al Khozama – the Riyadh-based commercial property development company is to invest more than US$140 million expanding its hospitality operations to build new hotels and refurbish existing properties in the Saudi capital including the Al Khozama Centre in Riyadh which will be converted to a four-star deluxe property, replacing the existing hotel.

These issues will be discussed and debated at the Hotel Show Saudi Arabia 2012 which will be held from 17-19 November 2012.

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