Accor to Expand Hotel Portfolio in Saudi Arabia with 45 New Establishments by 2030
In a groundbreaking move, French multinational hospitality company Accor is gearing up to expand its hotel portfolio in Saudi Arabia with the addition of 45 new establishments by the year 2030. The regional CEO, Duncan O’Rourke, unveiled this ambitious plan in an exclusive interview with Arab News, emphasizing the company’s commitment to the Kingdom’s thriving hospitality sector and its alignment with the goals of Vision 2030.
Accor’s Vision for Saudi Arabia
O’Rourke expressed the significance of Saudi Arabia as a key market for Accor, highlighting the country’s rapid developments and the company’s pride in being part of this transformative journey towards Vision 2030. With 41 hotels currently operational in the Kingdom, Accor plans to add 45 more establishments, providing an additional 9,800 rooms by 2030.
Future Hospitality Summit Participation
Accor’s active participation in the Future Hospitality Summit was also underscored by the CEO, who emphasized the importance of sharing expertise, learning from industry peers, and collaborating on initiatives that will shape the future of the hospitality sector.
Commitment to Nurturing Local Talent
Highlighting the critical need for local talent in the hospitality industry, O’Rourke discussed Accor’s partnership with the Ministry of Tourism and Education to educate and train Saudi individuals for careers in the sector. The “Tamayyaz by Accor” program aims to provide educational opportunities from entry-level positions to senior roles, with a focus on nurturing and developing Saudi talent.
Expanding Footprint Across the Kingdom
Accor’s commitment to broadening its footprint in Saudi Arabia extends beyond major urban centers, with plans to establish hotels in secondary and third cities as well. The company aims to cater to diverse segments of the market, including luxury, lifestyle, premium midscale, and economy brands, ensuring a wide range of services and experiences for guests.
Strategic Partnerships and Market Trends
O’Rourke emphasized the importance of strategic partnerships that benefit both Accor and local communities, highlighting the company’s growth in mid-scale and premium midscale economy segments. As leisure travel gains momentum in the region, Accor remains optimistic about the future of the hospitality industry in Saudi Arabia, with a focus on delivering on expansion goals while nurturing talent development.