Showing posts with label Hotel Wedding Venues in Riyadh. Show all posts
Showing posts with label Hotel Wedding Venues in Riyadh. Show all posts

Wednesday, June 21, 2017

Rising Number of Weddings and Corporate Events to Foster Future Growth of Saudi Arabia Wedding Halls Market: Ken Research

  • Wedding/celebration halls industry in Saudi Arabia has witnessed significant growth over the period 2011-2017. This trend is likely to continue over the coming years as well.
  • Riyadh is considered as the largest market for wedding/celebration halls in Saudi Arabia followed by Jeddah
  • The Ritz Carlton, Four Seasons, Al-Faisaliah, Nayyara and Osha Events Hall have been the major wedding/celebration halls in the kingdom
Wedding/celebration halls industry in Saudi Arabia has witnessed significant growth over the past five years. Weddings and various corporate events which are the main revenue generators for wedding halls generally remain popular throughout the year. However, from one month before Ramadan till Id-ul-Fitr the numbers of weddings fall as this period is considered as ‘Low-season’ for weddings in the industry. During this season, Iftar and Sohour parties (corporate + private) are significantly popular and are considered as lucrative revenue streams by hotels and wedding halls in the country. Hotel Wedding Venues in Riyadh, Wedding Hotels In Riyadh, Jeddah wedding halls booking, Number of Marriages in Riyadh,Wedding Halls Saudi Arabia, Private Wedding Venues Saudi ArabiaThroughout this period, hotels and halls all around the Kingdom prepare special feasts which are not prepared at any other time of the year.



 The fourth quarter, especially the month of May is the peak season for different types of business events and exhibitions. Number of hotels and private halls receive large number of queries and requests regarding workshops, training Courses, consumer Exhibitions, trade, Exhibitions, product Launch, conferences, forums, charity exhibitions and career exhibitions during this period of the year. Each hall provides certain unique offerings and services which may vary. Hotels in the country provide complimentary suite to the newlywed couple with overnight stay. Private wedding halls also provide a separate room for the bride and the bridesmaid to get ready for the function.
Ken Research in its latest study, Saudi Arabia Wedding and Celebration Halls Market Outlook to 2021 suggests that Riyadh meetings and conferences industry is likely to observe rapid growth over the period 2017-2021. New projects of conventions and exhibitions districts including huge venues in the pipeline such as King Khalid Airport Convention District in the capital Riyadh, King Abdullah Financial District in Riyadh and others are expected to propel the market over the coming years.
Saudi Wedding/Celebration Halls Market is projected to register a positive CAGR during the period 2017-2021. Growing urbanization coupled with rising per capita income of people and rising number of weddings and events to drive the growth in the future.
The report provides information on market size of the Saudi Arabia wedding/celebration halls, geographical analysis and case studies of major ballrooms/private wedding halls in Saudi Arabia,Hotel Wedding Venues in Riyadh, Wedding Hotels In Riyadh, Jeddah wedding halls booking, Number of Marriages in Riyadh,
Wedding Halls Saudi Arabia, Private Wedding Venues Saudi Arabia
To know more about the publication, click on the link below-
https://www.kenresearch.com/public-sector-and-administration/religion/saudi-arabia-celebration-hall-market/119016-15.html

Related Reports by Ken Research
India Classified Market Outlook to 2020 - Rising Adoption of Online Channels and Growing Number of MSME to Foster Growth
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TOP-Wedding Commercial Complex-Berlin Project Profile
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Saudi Arabia Celebration and Wedding Hall Market Outlook to 2021 - Rising Number of Marriages and Enhancing Corporate Events to Foster Growth- Ken Research

Ken Research  Latest Report on  Saudi Arabia Celebration and Wedding Hall Market Outlook to 2021 - Rising Number of Marriages and Enhancing Corporate Events to Foster Growthprovides a comprehensive analysis of the wedding hall market in Saudi Arabia. The report covers aspects such as the market size of the wedding/ celebration halls and market segmentation on the basis of region. The report also covers the competitive landscape, snapshots of major provinces in Saudi Arabian and demand gap analysis. In addition to this, the report also covers case studies of major hotel’s ballroom and private wedding venues in Riyadh. This report will help industry consultants, owners of wedding/celebration halls, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.




Saudi Arabia Wedding/Celebration Halls Market
Wedding/celebration halls industry in Saudi Arabia has witnessed significant growth over the past five years. As of 2016, there are ~ hotel ballrooms and ~ private wedding halls in Saudi Arabia. Number of marriages in Saudi Arabia has inclined from ~ in 2015 to ~ in 2016. Furthermore, approx. number of licensed corporate events held in the Kingdom inclined to ~ from ~ in 2015. The number visitors of such licensed corporate events exceeded ~ million in 2016. Supported by these factors, the market size for wedding/celebration halls in Saudi Arabia has enhanced from SAR ~ billion to SAR ~ billion in 2016, registering a CAGR of ~ during the period.
 Other Popular Functions in Saudi Arabia Wedding/Celebration Halls Industry
Weddings and various corporate events such as conferences and exhibitions generally remain popular throughout the year. However, from one month before Ramadan till Id-ul-Fitr the numbers of weddings fall as this period is considered as ‘Low-season’ for weddings in the industry. During this season, Iftar and Sohour parties (corporate + private) are significantly popular and are considered as lucrative revenue streams by hotels and wedding halls in the country. The fourth quarter, especially the month of May is the peak season for different types of business events and exhibitions.
 Unique Offerings in the Industry
Unique offerings and services in the industry may vary from hall to hall. Hotels in the country provide complimentary suite to the newlywed couple for overnight stay. Some hotels also provide the bride with a special bridal suite and 2 girls who help them get ready for the marriage. On the other hand, a few hotels including Al-Faisaliah           also provide personalized wedding planning service. Private wedding halls also provide a separate room for the bride and the bridesmaid to get ready for the function.
Topics Covered in the report
Geographic Market Performance of the Industry, 2016
Riyadh is considered as the largest market for wedding/celebration halls in Saudi Arabia. It has accounted for the highest share of ~% in the market generating revenues of ~ million during 2016. As of 2016, Riyadh comprises of highest number of ballrooms and private wedding halls in Saudi Arabia. Jeddah has accounted for the second highest revenue share of ~% in the market for wedding/celebration halls during 2016. Wedding/celebration halls in Jeddah have registered the revenues of SAR ~ million in 2016. In 2016, ~ marriages and ~ corporate events (licensed activities, including exhibitions, forums, conferences, workshops and meetings) were organized in Jeddah.
 Riyadh Wedding/Celebration Halls Market
Riyadh is the largest market for wedding/celebration halls in Saudi Arabia and presents wedding/celebration/event hall owners with ample opportunities throughout the year. Riyadh wedding/celebration hall market has amplified from SAR ~ billion in 2011 to SAR ~ billion registering a CAGR of ~% during the year. ~ Marriage contracts were signed in Riyadh during 2016. Riyadh is also considered as the corporate centre of Saudi Arabia. The capital city hosted almost half (~ %) of the corporate events in Saudi Arabia during 2016. Around ~ licensed activities, including exhibitions, forums, conferences, workshops and meetings were organized in Riyadh during 2016 generating considerable revenue for hotels and event halls in the area.  As of 2016, there are around ~ hotel ballrooms and ~ private wedding halls in Riyadh. Ritz Carlton, Four Seasons and Al Faisaliah have been some of the leading hotel ballrooms in Riyadh during 2016. Holiday Inn Olaya, Burj Rafal Hotel Kempinski, InterContinental and Riyadh Marriott Hotel have also been considered as major hotels in the region during the year.
 Competition Scenario/ Case Studies
 As of 2016, Riyadh comprises of ~ ballrooms and ~ private wedding halls. The Ritz-Carlton, Al-Faisaliah Hotel and Four seasons have been the top players in the space in 2016. These 3 hotels have some unique characteristics that made them industry leaders during the year. These hotels are widely recognized for hosting lavish weddings and arranging huge corporate events and exhibitions. Ritz Carlton specializes in hosing weddings in traditional style that has attracted huge number of clients over the years. The Hotel also offers a large bridal suite especially for the bride and her bridal party so they can prepare well for the special day. Al-Faisaliah hotel offers very reasonable per person charge for weddings especially compared to other 5-star hotels in the capital. Moreover, it is one of the most prestigious wedding venues in Saudi Arabia with a unique combination of ancient Middle Eastern tradition and multinational sophistication. It comprises of 1 huge ballroom (Prince Sultan Ballroom) that can fit upto ~ people
Four Seasons on the other hand is located at Kingdom Centre Tower in Riyadh which is one of the most iconic buildings in Saudi Arabia. The hotel is very well known for hosting corporate events and exhibitions especially automotive events and car launches.
Key Topics Covered in the Report:
  • Saudi Arabia Wedding/Celebration Hall Market Size
  • Geographic Market Performance of the Industry
  • Riyadh Wedding/Celebration Hall Market Size
  • Competition Scenario
  • Case Studies of Major Wedding/Celebration Halls in Riyadh
  • Future Outlook and Projections of Wedding/Celebration Halls in Riyadh
  • KSA Celebration Hall Trends
  • Hotel Wedding Venues in Riyadh
  • Private Wedding Venues, Wedding Halls Saudi Arabia
  • Wedding Hotels In Riyadh
  • Four Season Hotel Wedding Saudi Arabia
  • Jeddah wedding halls booking
  • Wedding Expenditure on Ballroom KSA
  • Wedding Celebrations KSA
  • Seasonal Discount Celebration Hall Jeddah
  • Ballroom Capacity Area Jeddah
  • Number of Marriages in Riyadh
  • Wedding Halls Saudi Arabia
  • Private Wedding Venues Saudi Arabia
To know more about the publication, click on the link below-
https://www.kenresearch.com/public-sector-and-administration/religion/saudi-arabia-celebration-hall-market/119016-15.html
Related Reports by Ken Research
India Classified Market Outlook to 2020 - Rising Adoption of Online Channels and Growing Number of MSME to Foster Growth
India Wedding Market Outlook to 2020 - Focus on Online Matchmaking and Wedding Planning Segment 
TOP-Wedding Commercial Complex-Berlin Project Profile
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249