Articles tagged “red sea”

When you are a destination as ambitious as Saudi Arabia with an aim to attract 100 million annual visitors by 2030, you have to emphasize year-round appeal to avoid missing out on travelers.

Red Sea Global, a company fully owned by Saudi Arabia’s Public Investment Fund, is exploring the possibility of a public market offering, with plans to launch as early as 2026.

UNWTO may not be too far off the mark on its recovery prediction for the Middle East considering the number of hotel openings and new projects in the region. However, the road to recovery is fraught with economic and geopolitical risks.

The latest data underlines the strength of the travel recovery in the Middle East, thanks in large part to the FIFA World Cup. What next after the World Cup is the million-dollar question here.

Saudi Arabia's flagship tourism project developer has rebranded to Red Sea Global (RSG) and said it would open three resorts in 2023 and 13 more in 2024, reported Al Arabiya on Tuesday.

With a goal to attract 100 million tourists a year by 2030, Saudi Arabia realizes that it will have to promote itself aggressively as a leisure destination. A trillion dollars looks pretty aggressive.

Keen to feature the resort city of Eilat in the international tourism map, Israel has reintroduced the plan that allows airlines to avail $65 subsidy for every arriving passenger. However, it may take more than this for the government to woo tourists to the expensive city.

Despite the pandemic, the kingdom's not slowing down its tourism push, with the financing set aside to open nine hotels as early as 2024.

In this video we hear from John Pagano, CEO of The Red Sea Development Company and Matt Heidkamp, Skift’s head of creative strategy, on regenerative development in Saudi Arabia and the broader drive towards sustainable solutions in travel’s new era.