Elaf Group optimistic about growth in KSAs hospitality industry for 2016
The Elaf Group, a SEDCO Holding Group company and also a leading carrier of traveling, tourist as well as hospitality services, has expressed key self-confidence in accomplishing solid development for 2016 across the Kingdom of Saudi Arabia's (KSA) flourishing friendliness industry. The upbeat mindset of the firm succeeds a current industry record revealing that resorts in Makkah and Madinah experienced strong growth in Revenue Per Available Room (RevPAR) in 2015. The full-year file states that Makkah experienced a seven per-cent year-on year (Y-o-Y) increase in RevPAR while hotels in Madinah rose by eight percent.
As the global hospitality market signs up an upward growth, a better feeling of positive outlook shows up throughout many areas. An accelerating capital market, good supply and need balances, and solid financier hungers have sustained higher transaction quantities as well as enhanced space tenancy. Globally, the traveling and tourism industry encompasses 266 million jobs, adding 9.5 per cent of the globe's gross domestic product (GDP).
Ziyad Bin Mahfouz, CEO of Elaf Group, claimed: "In 2015, the highest RevPARs in the GCC were taped in Makkah as well as Madinah at 7 and 8 percent, specifically, as well as the trend will proceed in 2016. In 2014 was truly an amazing duration for friendliness in the KSA, specifically in Makkah and Madinah because of the growth in tourism for religious functions. Elaf Group continues to be steadfast in its dedication to continuously offer exceptional traveling as well as hospitality solutions to religious explorers. We are devoted to supply first-rate services to facilitate more growth of the KSA's friendliness sector.".
Set up in 1981, Elaf Group has placed itself as a leading pillar of the Middle East's traveling as well as tourist industry. Focusing on religious tourism and operating based on the Islamic Shari'ah standards, it has 3 major departments-- Elaf Hotels, Travels as well as Tours, as well as Hajj as well as Umrah. Elaf Hotels' profile includes 14 first-rate hotels in Jeddah, Makkah as well as Madinah supplying 3,572 rooms.
