NEOM to Launch First Hotel in 2022

Saudi Arabia conclude its participation in the Arabian Travel Market exhibition in Dubai. (Asharq Al-Awsat)
Saudi Arabia conclude its participation in the Arabian Travel Market exhibition in Dubai. (Asharq Al-Awsat)
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NEOM to Launch First Hotel in 2022

Saudi Arabia conclude its participation in the Arabian Travel Market exhibition in Dubai. (Asharq Al-Awsat)
Saudi Arabia conclude its participation in the Arabian Travel Market exhibition in Dubai. (Asharq Al-Awsat)

Saudi Arabia’s NEOM is planning to launch its first hotel by the end of 2022, and it will open up to 15 hotels between 2023 and 2025, before ramping up the pace to reach 30 hotels annually.

Head of Tourism at NEOM Andrew McEvoy said that talks were held with big five brands, IHG, Hilton, Accor, and others.

Speaking to the media on the sidelines of the Arabian Travel Market 2021 held in Dubai, McEvoy added that the expected initial number of visitors next year ranges between 20,000 and 50,000, indicating that Neom is targeting about one million visitors by 2025, and 5 million by 2030.

He revealed that ten of NEOM's 39 islands are being developed and will be delivered on time.

Meanwhile, the General Authority for Civil Aviation (GACA) concluded its participation in the 28th edition of the Arabian Travel Market that was held at the Dubai International Convention and Exhibition Center between May 16 and 19 under the slogan "The setting of a new dawn for travel and tourism."

The Kingdom's pavilion was set up by the Saudi Tourism Authority. GACA’s participation in the event highlighted its achievements in civil aviation and the mega projects that it has completed and is currently undertaking.

The Authority’s participation highlights future projects to develop airports and confirms the excellence of civil aviation in Saudi Arabia in light of the expansion in the region, ranging from the construction and development of airports to its acquiring of its share of the aviation market.

At Arabian Travel Market, GACA sought to highlight its efforts in contributing to the improvement of the civil aviation sector. It was also an opportunity to confirm the vital role that it plays in the aviation industry in the region and world.

It also wants to strengthen strategic relations between the concerned authorities in the aviation sector and specialists in the global travel and tourism industry, in addition to introducing visitors from all over the world to GACA’s efforts in the Kingdom.

Saudi Arabia’s participation at the Dubai event, represented by the Saudi Tourism Authority, sought to introduce travel and Arab and international tourism experts to the development of the industry in the Kingdom and the major projects that are underway.

The development enjoys the support of the Kingdom’s leadership in line with its Vision 2030 and as it turns its attention to this vital industry.



China’s Car Sales Rise in May, but Price Wars Cloud Outlook

 Amukelani Masungi, a worker, cleans the floor next to BYD vehicles on display at a BYD dealership in Sandton, South Africa, June 5, 2025. (Reuters)
Amukelani Masungi, a worker, cleans the floor next to BYD vehicles on display at a BYD dealership in Sandton, South Africa, June 5, 2025. (Reuters)
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China’s Car Sales Rise in May, but Price Wars Cloud Outlook

 Amukelani Masungi, a worker, cleans the floor next to BYD vehicles on display at a BYD dealership in Sandton, South Africa, June 5, 2025. (Reuters)
Amukelani Masungi, a worker, cleans the floor next to BYD vehicles on display at a BYD dealership in Sandton, South Africa, June 5, 2025. (Reuters)

China's car sales rose for a fourth consecutive month in May, but slower increases across major automakers highlighted concerns over aggressive price competition in the world’s largest auto market.

Sales grew 13.9% from a year earlier to 1.96 million vehicles last month, slowing from 14.8% growth in April, China Passenger Car Association (CPCA) data showed on Monday.

Sales of electric vehicles and hybrids rose 28.2% year on year, down from a 33.9% gain in April.

Leading EV maker BYD reported decelerating annual passenger vehicle sales growth to 14.1% last month from April's 19.4% despite a new round of subsidies and incentives late in the month.

Other major automakers, including Geely and Chery, also reported slower growth as the industry’s attention shifted to price wars that have raised concern over a potential market shakeout.

Authorities have warned that such price wars threaten the industry's long-term health, with the sentiments echoed by leading manufacturers such as BYD, Chery and Xiaomi.

The CPCA's secretary-general, Cui Dongshu, said the industry should focus on quality and technology innovation and that leading automakers should lower their sales targets for this year.

CPCA data also showed that car exports rebounded, rising 13.5% year on year in May, reversing a 2% decline in April.