20 Countries Participate in Saudi Arabia Hotel Show

Riyadh to host Hotel Show in September (Asharq Al-Awsat)
Riyadh to host Hotel Show in September (Asharq Al-Awsat)
TT

20 Countries Participate in Saudi Arabia Hotel Show

Riyadh to host Hotel Show in September (Asharq Al-Awsat)
Riyadh to host Hotel Show in September (Asharq Al-Awsat)

Saudi Arabia is preparing to host the Hotel Show at Riyadh International Convention and Exhibition Center between September 6 and 8.

Hospitality experts will discuss the latest developments in the hospitality industry, including adopting new approaches and exchanging ideas on the latest innovative trends.

Over 230 local and international brands from more than 20 countries are expected to participate in the show, including the Saudi Tourism Development Fund, the Red Sea Development Company, Amaala, Diriyah Gate, and Gates Hospitality.

The show will also include international exhibitors from Egypt, France, Italy, Morocco, Portugal, Uzbekistan, Belgium, Greece, Hong Kong, India, the Netherlands, Oman, Poland, Slovenia, Turkey and the UAE.

The event will discuss hospitality, hotel services, technology and security, interior decoration and contracts, furniture, cleaning and facilities management, food and food services, commercial kitchen, operating supplies and equipment.

Meanwhile, a recent study confirmed that 58 percent of Saudis want to work in the hospitality business, hotel management, events and marketing, as Saudi Arabia expand its leisure tourism sector.

The Kingdom is currently witnessing the opening of an increasing number of new hotels in various cities, as it aims to deliver 310,000 hotel rooms by 2030 as part of its plans to develop the hospitality market for local and international tourism.

Saudi Arabia is expanding in the leisure tourism sector and expects 30 million visitors annually by 2030.

The latest annual statistics show that the travel and tourism sector's contribution to GDP is 9.4 percent, with travelers' spending growing at 10.5 percent annually.

According to the study, the Saudi youth generation prioritizes the ideal job in companies with clear future goals, a stimulating work environment, and policies that promote psychological and mental health.

More than half of Saudi youth aspire to work in the hospitality field, according to a survey conducted over the past 12 months.

The study, issued by the "Hilton Group", indicated that hotel management, event management, marketing, and communications are among the most popular majors in the hospitality sector.

Two-thirds of Saudi youth, an estimated 66 percent, believe in the importance of joining successful companies with clear future goals.

More than 50 percent of Saudi nationals consider career development and comprehensive policies for mental and psychological health and performance appreciation are keys to ideal future jobs.

The Hilton survey revealed the desire of millennials in Saudi Arabia to join international companies that provide a motivational environment, ensure they participate with team members to achieve the desired goals, develop their experiences and capabilities, and follow policies that promote mental health.

According to the survey, 58 percent would like to work in hospitality, which will reflect positively on the growing sector across the Kingdom.



Turkish Annual Inflation Falls More Than Expected to 44.38%

A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Türkiye March 4, 2024. REUTERS/Murad Sezer/File photo
A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Türkiye March 4, 2024. REUTERS/Murad Sezer/File photo
TT

Turkish Annual Inflation Falls More Than Expected to 44.38%

A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Türkiye March 4, 2024. REUTERS/Murad Sezer/File photo
A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Türkiye March 4, 2024. REUTERS/Murad Sezer/File photo

Turkish annual consumer price inflation fell more than expected to 44.38% in December, official data showed on Friday, with education, housing and restaurant prices leading the rise.

Month on month, inflation was 1.03%, the Turkish Statistical Institute said, compared with 2.24% in November. Annual consumer price inflation (CPI) was 47.09% in November.

Furniture prices rose 2.78% from the previous month, data showed, while telecoms-related prices gained by 1.82%.

In a Reuters poll, the annual inflation rate was expected to fall to 45.2%, with the monthly figure seen at 1.61%, owing to easing food price inflation and a limited rise in energy prices.

The latest inflation print was close to the central bank's midpoint prediction of 44% for the end of 2024.

The bank, having kept its main interest rate steady at 50% since March, launched an easing cycle last week, cutting the policy rate by 250 basis points to 47.5%.

The bank said it will set policy "prudently" meeting by meeting with a focus on the inflation outlook while responding to any expected "significant and persistent deterioration".

The Turkish lira was little changed after the data at 35.3850 to the dollar, hovering around the record lows.

The domestic producer price index was up 0.4% month on month in December for an annual rise of 28.52%, the data showed.