IHG Hotels & Resorts has announced its intention to introduce all six of its luxury and lifestyle brands in Saudi Arabia by 2028. The company shared this goal during the Future Hospitality Summit held in Riyadh, outlining its strategy to expand its presence in the Kingdom’s hospitality sector.
Expansion Strategy in Saudi Arabia
IHG currently operates 40 hotels in Saudi Arabia, with an additional 32 properties in development. The company’s six luxury and lifestyle brands include InterContinental Hotels & Resorts, Kimpton Hotels & Restaurants, Hotel Indigo, Vignette Collection, Six Senses, and Regent Hotels & Resorts. According to IHG, the plan is to have all these brands represented in the Saudi market within the next four years.
Statements from IHG Leadership
Haitham Mattar, Managing Director for India, Middle East, and Africa at IHG Hotels & Resorts, commented, “Saudi Arabia is a priority market for IHG, and we are committed to supporting the Kingdom’s Vision 2030 by expanding our portfolio and creating job opportunities for local talent.” Mattar also noted that the company’s growth aligns with the country’s ambitions to boost tourism and hospitality.
Supporting Saudi Arabia’s Vision 2030
Saudi Arabia’s Vision 2030 aims to diversify the country’s economy and increase the contribution of tourism to GDP. IHG’s expansion is expected to support these objectives by enhancing the hospitality offering and attracting international visitors. The company’s development pipeline includes properties in key destinations such as Riyadh, Jeddah, Makkah, Madinah, and the Red Sea coast.
Future Developments
IHG’s upcoming projects in Saudi Arabia feature a range of luxury and lifestyle hotels, with several scheduled to open in the next few years. The company stated that it will continue to collaborate with government entities and private sector partners to facilitate growth in the hospitality industry.
