Saudi Arabia’s tourism boom continues apace as it sees a massive increase in the number of hotel rooms and licensed tourism hospitality facilities. The Ministry of Tourism announced that the number of tourism hospitality facilities licensed to operate across the Kingdom of Saudi Arabia has increased to more than 3,950 by the end of the third quarter (Q3) of 2024, recording a growth rate of 99 per cent compared to the same period in 2023. The ministry said that the number of licensed rooms reached over 443,000 by the end of Q3 of 2024. Saudi tourism growth This represents a growth rate of 107 per cent compared to the same period of Q3 2023, where the number of rooms was more than 214,000. The number of licensed hospitality facilities in Q3 2023 was about 2,000. The significant growth in the number of tourism hospitality licences is the result of the great efforts exerted by the Ministry of Tourism to empower operators and investors in the hospitality sector to obtain licences. This includes providing facilities with operating fees reduced by up to 22 per cent. In addition, the ministry has contributed to the issuance of a decision exempting hospitality facilities from municipal fees as […]