Riyadh, April 29 -- Saudi Arabia is projected to have 320,000 new hotel rooms by 2030 as the Kingdom ramps up efforts to accommodate an annual influx of 150mn tourists, both domestic and international, according to a report by global property consultancy Knight Frank.

This massive expansion of the hospitality sector is central to achieving Saudi Arabia's goal of increasing the travel and tourism industry's contribution to the economy from nearly 6pc to 10pc by the end of this decade, the report stated.

The analysis comes on the heels of record tourism numbers for Saudi Arabia in 2022, with visitor spending reaching $23.2bn in the first half of 2023 alone - a 132pc jump from last year. International arrivals surged 142pc year-on-year to ...