Mar 20, 2019- Radisson Hotel Group, has revealed that almost 50% of Radisson's pipeline for MENA is in Saudi Arabia.
Radisson is no stranger to Saudi Arabia, having had had a footprint in Saudi Arabia since 2010, with continuing expansion plans. "This month [April 2019] is the opening of the group's second hotel in Riyadh, the Radisson Blu Diplomatic Quarter which is owned by The King Salman Center for Disability Research.
The Saudi Arabia market, on the whole, is growing alongside expecting visitation to the holy city, visa restrictions to Saudi Arabia will be ease, allowing more visitors, and the country has a growing population. Radisson began its expansion into Saudi Arabia before the country's Vision 2030 initiative was announced.
Vision 2030 is a plan to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors such as health, education, infrastructure, recreation and tourism.