Witness accommodation hotel sector in Mecca significant recovery could be up to 500 billion riyals during the current year (2015), coincides this boom with the expected increase in the number of pilgrims to Mecca in the coming years, after the completion of the expansion undertaken by the Custodian of the Two Holy Mosques government in campus Makki now, to accommodate larger numbers in the future, and the UK has reduced those numbers in recent years, especially in the pilgrimage seasons
The hotel sector in the Haram al-Sharif region is witnessing more hotel projects
For his part, Dr. Abdullah bin Hamad torch head of investment Torch group specializing in investing in Mecca, the field of real estate studies indicate that the hotel sector in the Grand Mosque in Mecca area Sharif witness more hotel projects, which contribute to the increase in the number of rooms to pilgrims as a result of booming tourism size religious in Mecca during the next three years, in conjunction with high rates of pilgrims annually to 10 million pilgrims, especially after the end of the expansion of the campus SHRINE imminent, God willing, projects, and the end of the circular road projects, Network Rail between Jeddah and Mecca, and Mecca and Medina
It is expected that these projects contribute once completed, would add 2160 hotel rooms, as well as increase the growth of the hotel sector in Mecca. Which promotes assertions that the real estate market in Mecca Mecca which is not only influenced by other variables, whether internal or at the level of the region
He stressed Dr. torch on the importance of directing the new capital to invest in the hotel sector of the four-star category, as this category are best suited for more than 70% of visitors and pilgrims, and lack of suitable prices are quite a number of existing hotels in many of them for high prices the central region
He predicted Followers real estate affairs in Mecca, to break the sacred capital barrier of the 1,200 hotels by 2020. It emphasized the distinction real estate market in the central region, the balance of steadily between supply and demand, pointing out that the entry of new investments hotel market, will provide the highest levels Hospitality industry in terms of service and quality and the application of international standards
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