The number of hotel rooms in Saudi Arabia is set to expand significantly from the current stock of 171,650 keys, with around 94,500 additional rooms under construction or at advanced planning stages, following a stellar year in which the Kingdom’s travel and tourism industry grew by 32%, according to a report by Knight Frank, a property consultancy firm.
Revenues for hotels classified within the 3 to 5-star category in Oman rose by 22.2 per cent by the end of December 2025, reaching approximately RO 297.3 million ($773. 2 million) compared to the same period in 2024. Hotel occupancy rates also increased to 56.7 per cent, up from 49.9 per cent during the corresponding period in 2024.
Makkah Construction and Development Company has bought 6,986 sq m of land at an auction for SAR980 million ($261 million). The plot, which is in close proximity to the Grand Mosque, is ideal for setting up a mixed-use project featuring a hotel and a mall, it said.
Hotel revenues in Oman rose by more than 18% year-on-year between January and September 2025 to reach a new nine-month high of OMR193.4 million ($505 million), according to a real estate advisory and property consultancy, Cavendish Maxwell.
Mirage, a leading multidisciplinary engineering group, has been appointed as the project management consultant for Janu Hotel & Branded Residences on Al Marjan Island in Ras Al Khaimah. The project comprises a 132-key upscale hotel, five premium villas and 73 residential units.
Leading global hospitality group Hilton and RMKA Private Company have announced the signing of Sandblu Santorini, marking the highly anticipated debut of LXR Hotels & Resorts in Greece.
Saudi-based Taiba Investments has announced that one of its key subsidiaries, Smart Hotel Zone Company, had signed up Al Saad Contracting Company for the construction of a 159-key hotel project within the STC Square mixed-use development in Riyadh.
Kleindienst Group said its key hotel development - voco Dubai Nice – The Heart of Europe - located at The World Islands in Dubai, has received its Building Completion Certificate. It boasts accommodations ranging from deluxe and premium rooms to three distinct suite categories.
Oman’s 3-5-star hotels saw a 9 per cent rise in guests by September 2025, totalling 1,687,112, up from 1,547,523 in 2024. Hotel revenues also increased by 18.2 per cent to about RO 193.360 million ($503 million) during the same period.
Jeddah Central Development Company, a subsidiary of the Public Investment Fund (PIF), has signed an investment partnership with Midad Real Estate Company to develop the Atlantis and One&Only hotels within the Jeddah Central Destination.
