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The Hotel Market in the GCC: Industry Analysis & Outlook (2018-2022) - Upcoming Mega Events (FIFA World Cup, World Expo, World Championship in Athletics etc.) to Accomodate Significant Growth - ResearchAndMarkets.com

January 21, 2019

DUBLIN--(BUSINESS WIRE)--Jan 21, 2019--The “GCC Hotel Market (UAE, Saudi Arabia, Bahrain, Kuwait, Oman, Qatar): Industry Analysis & Outlook (2018-2022)” report has been added to ResearchAndMarkets.com’s offering.

The GCC has great potential to attract a huge number of travelers for business and leisure purposes. The GCC hotel industry has showed significant growth due to the increase in supply.

Tourism is one of the major drivers, which will continue to prompt the market growth in line with anticipated global events such as FIFA World Cup 2022 in Qatar, World Expo 2020 in Dubai, World Championship in Athletics in 2019 and World Aquatics Championships in 2023 in Qatar. Increasing investment in infrastructure projects is expected to result in marketing funds and efforts in promoting the destination as well as offering new facilities and services to keep the destination unique and interesting for the travelers.

The industry is evolving and adapting to new trends. There has been an increase in mid-market hotels especially among millennial travelers as the attitude towards luxury tourism is shifting away to an interest in enriching experiences. GCC countries are making significant investments in airport expansions to increase the handling capacity of visitor inflow.

The report profiles the key players of the market, including: Kingdom Holding Company, Abu Dhabi National Hotels, Dur Hospitality Company and National Corporation for Tourism & Hotels.

Market Dynamics

Growth Drivers

GCC GDP Growth New Leisure Attractions Growing MICE Events Growing Tourism Strategies Airport Expansion Easy Visa Regulations Upcoming Mega Events in GCC Countries

Key Trends & Developments

Hotel Projects Pipeline Expanding Global Footprint Growth of Mid-Market Hotels Rise in Millennials Travellers Evolution of Home Grown Brands Rise in Religious Tourism National Carriers Technological Growth

Challenges

Geopolitical Concerns Increasing Competition Oversupply Concerns Source Market Concerns Impact of VAT

Topics Covered

1. Market Overview

2. GCC Hotel Market

3. Regional Market

4. Market Dynamics

5. Competitive Landscape

6. Company Profiles

Abu Dhabi National Hotels Dur Hospitality Company Kingdom Holding Company National Corporation for Tourism & Hotels

For more information about this report visit https://www.researchandmarkets.com/research/448zmw/the_hotel_market?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190121005137/en/

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Related Topics:Hotels and Travel Accomodation

KEYWORD:

INDUSTRY KEYWORD: TRAVEL LODGING

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/21/2019 05:48 AM/DISC: 01/21/2019 05:48 AM

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