The Red Sea Development Company (TRSDC) has unveiled the first group of international hotel brands to operate resorts currently under development at The Red Sea Project.
Saudi Arabia’s TRSDC has signed a series of hotel management agreements, with the hospitality brands set to operate nine of the 16 properties opening in The Red Sea Project’s first phase.
The nine hotels will feature more than 1,700 keys of the total 3,000 planned for the first phase, which is well underway and on track to complete by the end of 2023.
Red Sea Project hotel brands
- EDITION Hotels (Marriott International)
- St Regis Hotels & Resorts (Marriott International)
- Fairmont Hotel & Resorts (Accor)
- Raffles Hotels & Resorts (Accor)
- SLS Hotels & Residences (Accor)
- Grand Hyatt (Hyatt Hotels Corporation)
- Intercontinental Hotels & Resorts (IHG Hotels & Resorts)
- Six Senses (IHG Hotels & Resorts)
- Jumeirah Hotels & Resorts
“Saudi Arabia is accelerating its development of a new tourism offering in the Kingdom, fuelled by the ambitious Vision 2030 program,” said John Pagano, CEO at TRSDC.
“We are working with world-leading hotel operators who share our vision to deliver exciting growth opportunities for the Kingdom’s tourism and hospitality market, whilst protecting the natural environment, benefitting our local community and delivering extraordinary and immersive guest experiences.”
“Our collective mission is to not only curate a hospitality portfolio of architectural distinction, but to also introduce our guests to new destinations and experiences,” added Pagano.
By 2030, The Red Sea Project expects to host one million visitors annually, also creating more than 70,000 new jobs and contributing $5.3 billion to the nation’s GDP.
“Hospitality is the anchor of The Red Sea Project,” said Jay Rosen, chief financial officer at TRSDC. “We are determined to create a world-class luxury destination and the hotel brands we partner with play a crucial role in delivering on this ambition.”
“The hotel management agreements unveiled today mark a significant milestone for us and we welcome more hotel operators, developers and investors to join us in our journey to build a thriving destination for visitors from around the world,” he added.
Upon completion in 2030, the destination will boast 50 hotels with up to 8,000 hotel rooms across 22 islands and six inland sites. It will also feature entertainment and leisure facilities and an international airport.