Hospitality Management Holding is looking to expand its footprint in the Kingdom: Dubai-based Hospitality Management Holding (HMH) has four new hotel launches under its Corp Hotels brand lined up for Yanbu, Madinah, and Makkah in the next two years, according to a press release. There’s no publicly available information about the size of investment of the company’s upcoming KSA projects.

About the company: HMH provides hotel owners and developers management solutions through five hotel brands including Bahi Hotels & Resorts, Coral Hotels & Resorts, Corp Hotels, EWA Hotel Apartments, and Ecos Hotels. The company’s current operations in the local market include the 96-suites Q Suites Jeddah by EWA, Coral Jubail Hotel, and Coral Al Ahsa Hotel.

The schedule: The hotel operator is gearing up to open the 104-key Corp Yanbu Hotel and Residence next month, and the 150-key Corp Madinah Hotel in 4Q 2024. It’s also looking to bring the 460-key Corp Makkah Al Naseem Hotel live in 1Q 2025, and the 600-keys Corp Madinah Al Naqa Hotel in 1Q 2026.

Plays well into our tourism ambitions: The Tourism Ministry has more than doubled its tourism targets for 2030, hoping now to lure 150 mn tourist trips after it hit last year an earlier target of 100 mn ahead of plan.

REMEMBER- The gov’t is offering incentives to the sector and launched last week its Tourism Investment Enablers Program, which aims to make it easier for foreign and domestic investors to get licenses for a range of activities, with fees and procedures pegged to the type and scale of operations.

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