Tag Archives: surpasses

Hilton surpasses 100 Hotels in Saudi Arabia, with a growing pipeline representing a combined owner investment of USD $8 Billion

Hilton announced it has surpassed the milestone of 100 hotels trading and in the pipeline in Saudi Arabia – representing a combined investment of USD $8 billion from hotel owners and investors into Hilton’s growing portfolio, and underscoring the company’s long-term commitment to supporting Vision 2030 by expanding its footprint and delivering world-class hospitality throughout the Kingdom. The announcement was made ahead of the Future Investment Initiative (FII) in Saudi Arabia, a global forum that convenes world leaders, policymakers, and investors to discuss the future of global investment and economic trends. With a multi-brand rollout across 14 of its award-winning brands, Hilton plans to add more than 22,000 rooms to Saudi Arabia’s rapidly evolving hospitality landscape. The pipeline of hotels is expected to create more than 15,000 jobs – at least half of which will be filled by Saudi nationals – further contributing to the Kingdom’s economic development. Carlos Khneisser, chief development officer, Middle East & Africa, Hilton, said: “Saudi Arabia is witnessing incredible momentum, with travel at the heart of this transformation. The Kingdom welcomed a record 32 million tourists this summer and we’re proud to be supporting this vision as the country works toward its goal of attracting 150 million visitors annually by 2030. As we exceed 100 hotels trading and in the pipeline, and with nearly two-thirds of that pipeline already under construction, we remain committed to introducing new brands and expanding into more regional cities in line with the growing number of travellers visiting the Kingdom every year.” Hilton continues to expand its luxury footprint across Saudi Arabia, with a series of standout developments that reflect the Kingdom’s growing demand for high-end hospitality. Among the most anticipated …

Read More »