AccorHotels chief expects Saudi tourism to grow in next 3 years

17/03/2019 Argaam

Global CEO of AccorHotels, Sebastian Bazin, expects tourism to grow in Saudi Arabia over the next three years.

“[Tourism in Saudi Arabia] is a very difficult subject. It will happen. The Saudi people are extremely welcoming. [There’s] no question about it. It will take a shorter time than people expect – probably three years, not ten years,” Bazin told Arabian Business.

“I am astonished by the size of investment. I will never bet against the Middle East. They have proven to us in the last 40 years that when they want something accomplished, it gets done. So NEOM will exist. I don’t know whether it will be five or ten years from now,” he added.

Bazin also said AccorHotels “need to be a part of” tourism growth in Saudi Arabia, as the country is ideally located four and a half hours away from Europe and boasts “a similar sea environment” to the Maldives and Seychelles.


News

Prices

Aramco IPONew

Sectors

Companies

Financial Data

Financial Ratios

Analysts

IPOs

Economy

Mutual Funds

Projects

Interactive Charts