Saudi’s Red Sea Global Confirms New Giga-Project Full of Affordable Hotels
Photo Credit: A render of The Red Sea. Used for illustrative purposes only. Red Sea Global
Skift Take
Saudi Arabia's "Maldives of the Middle East", The Red Sea, will cost you at least $500 a night to experience. To remedy this, the developers are planning a whole new development to place their mid-market hotels.
The master developer of Saudi Arabia's super-luxury island tourism project, The Red Sea, is working on another giga-project that will house more affordable hotel options and tap into a market — millions of travelers strong. Red Sea Global (RSG) group CEO John Pagano confirmed the development to Skift, adding that it will open before 2030 and introduce thousands more hotel rooms to the kingdom's burgeoning tourism sector.
"Mid-market has a huge market potential and there are some locations that are better suited to that, closer to larger urban areas," Pagano said. "When we move to more mid-scale, we'll start getting into the three-star (hotel) offerings, different products, different positioning, and different target audiences. It's about being strategic across the entire Red Sea coast."
"As you get into the more mid-scale offerings, the hotel sizes get bigger because you need that scale to make them financially viable. Our sites are very large, many thousand
