Rising number of weddings, amplifying per capita income coupled with growing urbanization and enhancing corporate sector have aided the growth in the wedding/celebration hall industry of Saudi Arabia.
Wedding/celebration halls industry in Saudi Arabia has witnessed significant growth over the past five years. As of 2016, there are over 200 hotel ballrooms and 500 private wedding halls in Saudi Arabia. Ballrooms in high end hotels focus on both weddings as well as organizing large corporate events. Number of Marriages in Riyadh, Wedding Celebrations KSA, Wedding Hotels In Riyadh, Hotel Wedding Venues in Riyadh, On the other hand, private wedding halls are majorly focused on organizing marriages and other smaller functions including anniversaries, birthday parties and graduation ceremonies. Saudi Arabia has established itself as an important destination for large corporate events. The numbers of licensed activities, including exhibitions, forums, conferences, workshops and meetings have been surging in Saudi Arabia over the period 2011-2016. Saudi Arabia is capable of attracting international exhibitions, conventions and meetings, considering that it is strategically located at the crossroads of three continents. Furthermore, it is home to the two holiest cities in Islam. In addition, it is a pioneering investment power in the region, with a firm infrastructure, new and modern facilities, hotels and private halls. Furthermore, procedures and regulations for hosting such events are straightforward and uncomplicated. Within Saudi Arabia, Riyadh is considered as the largest market for wedding/celebration halls. Riyadh is the capital city of Saudi Arabia and thus is known for hosting some of the most lavish weddings and largest corporate events and exhibitions in the kingdom. 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 .
Topics Covered in the Life
- Number of Marriages in Riyadh,
- Wedding Celebrations KSA,
- Wedding Hotels In Riyadh,
- Hotel Wedding Venues in Riyadh,
The report titled “Saudi Arabia Wedding and Celebration Hall Market Outlook to 2021 – Rising Number of Marriages and Enhancing Corporate Events to Foster Growth” by Ken Research suggested a robust CAGR of 7.0% in revenue of the Saudi wedding halls market by 2021 with growing wedding and meetings industry driving the revenues of this market in the future.
To know more about the publication, click on the link below-
Related Reports by Ken Research
Ankur Gupta, Head Marketing & Communications