Journal of Hotel and Business Management
Open Access

Abstract

Factors Affecting the Decision to Invest in New Hotel Property Development in Saudi Arabia

Habib Fayadh*

This research identifies the factors affecting the decision to invest in new hotel property development in Saudi Arabia. To explore how the decision to invest in a new hotel property development is taken, this paper presents and discusses the findings of a research of 22 real estate development companies in Saudi Arabia, who are already developed hotels or planning to develop new hotels in the future. This study revealed that the choice of developing a new hotel is not random but there are many criteria behind the decision to invest in the Saudi hospitality industry. The findings of this research revealed that there are 32 factors considered in the decision to invest in new hotel. These factors can be grouped into 4 categories-financial, business, social and governmental.

Published Date: 2024-09-09; Received Date: 2024-08-07