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TDF Collaborates with Hyatt to Develop Hospitality Focused Destinations in Saudi Arabia

Since 2020, a year after Saudi Arabia opened its doors to international tourists, TDF has been the primary vehicle for promoting tourism investment in the country. SPA
Since 2020, a year after Saudi Arabia opened its doors to international tourists, TDF has been the primary vehicle for promoting tourism investment in the country. SPA
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TDF Collaborates with Hyatt to Develop Hospitality Focused Destinations in Saudi Arabia

Since 2020, a year after Saudi Arabia opened its doors to international tourists, TDF has been the primary vehicle for promoting tourism investment in the country. SPA
Since 2020, a year after Saudi Arabia opened its doors to international tourists, TDF has been the primary vehicle for promoting tourism investment in the country. SPA

The Saudi Tourism Development Fund (TDF) has signed a Memorandum of Understanding with an affiliate of Hyatt Hotels Corporation to establish luxury hotels across Saudi Arabia.

The collaboration aims to develop several hospitality-led destinations which will enhance the tourism offering in Saudi Arabia. These destinations may include beach and urban hotels, as well as mountain, desert and farm retreats. They will be developed under Hyatt’s existing trademarks, such as Alila Resorts, which offer an authentic wellness destination experience, or other trademarks such as Park Hyatt, Hyatt Centric, Grand Hyatt and any other Hyatt brands mutually agreed upon by the entities.

The development of these hotels would be part of the Kingdom’s National Tourism Strategy and in line with Saudi Vision 2030.

Commenting on the agreement, CEO of the Tourism Development Fund Qusai Al-Fakhri, said, “We are joining forces with many legacy brands in the tourism, hospitality, and business travel segments as we continue to thoughtfully expand our roster of collaborators. This collaboration with Hyatt will help us to attract tourists and ensure that they receive a comfortable, high-quality experience in the Kingdom’s top tourism destinations.”

Hyatt has one of the world's largest portfolios of hotels and resorts, focused on the high-end travelers in each segment that it serves, and is continually growing its brand footprint. It has established an industry-leading luxury, lifestyle, and leisure portfolio across Europe, the Middle East, and Africa, which is significantly contributing to its global expansion.

Regional Vice President, Development - Middle East and Africa at Hyatt Ludwig Bouldoukian, said that Saudi Arabia is the largest emerging market in the Middle East.

The Kingdom “has been recognized as one of the world’s fastest growing tourism destinations and we see this as a great opportunity to expand Hyatt's brand footprint while providing exquisite service and care to local and international high-end travelers.”

Since 2020, a year after Saudi Arabia opened its doors to international tourists, TDF has been the primary vehicle for promoting tourism investment in the country, with the objective of attracting one hundred million tourists by 2030.

The fund intends to provide financial resources and expertise to entrepreneurs worldwide looking to invest in the ten key destinations across Saudi Arabia that offer huge prospects across the tourism value chain.

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Varieties

Billy Crystal, Mandy Moore Among Those who Lost Homes in Los Angeles Fires

A blackened US flag flies above a charred structure after the passage of the Palisades Fire in Pacific Palisades, California, on January 8, 2025. (Photo by AGUSTIN PAULLIER / AFP)
A blackened US flag flies above a charred structure after the passage of the Palisades Fire in Pacific Palisades, California, on January 8, 2025. (Photo by AGUSTIN PAULLIER / AFP)
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Billy Crystal, Mandy Moore Among Those who Lost Homes in Los Angeles Fires

A blackened US flag flies above a charred structure after the passage of the Palisades Fire in Pacific Palisades, California, on January 8, 2025. (Photo by AGUSTIN PAULLIER / AFP)
A blackened US flag flies above a charred structure after the passage of the Palisades Fire in Pacific Palisades, California, on January 8, 2025. (Photo by AGUSTIN PAULLIER / AFP)

Fires burning in and around Los Angeles have claimed the homes of numerous celebrities, including Billy Crystal, Mandy Moore and Paris Hilton and led to sweeping disruptions of entertainment events.
Three awards ceremonies planned for this weekend have been postponed. Next week's Oscar nominations have been delayed. And tens of thousands of Angelenos are displaced and awaiting word Thursday on whether their homes survived the flames — some of them the city's most famous denizens, The Associated Press reported.
More than 1,900 structures have been destroyed and the number is expected to increase. More than 130,000 people are also under evacuation orders in the metropolitan area, from the Pacific Coast inland to Pasadena, a number that continues to shift as new fires erupt.
Late Wednesday, a fire in the Hollywood Hills was scorching the hills near the famed Hollywood Bowl and Dolby Theatre, which is the home of the Academy Awards.
Here are how the fires are impacting celebrities and the Los Angeles entertainment industry:
Stars whose homes have burned in the fires Celebrities like Crystal and his wife, Janice, were sharing memories of the homes they lost.
The Crystals lost the home in the Pacific Palisades neighborhood that they lived in for 45 years.
“Janice and I lived in our home since 1979. We raised our children and grandchildren here. Every inch of our house was filled with love. Beautiful memories that can’t be taken away. We are heartbroken of course but with the love of our children and friends we will get through this,” the Crystals wrote in the statement.
Mandy Moore lost her home in the Altadena neighborhood roughly 30 miles east of the Palisades.
“Honestly, I’m in shock and feeling numb for all so many have lost, including my family. My children’s school is gone. Our favorite restaurants, leveled. So many friends and loved ones have lost everything too,” Moore wrote on Instagram in a post that included video of devastated streets in the foothill suburb.
“Our community is broken but we will be here to rebuild together. Sending love to all affected and on the front lines trying to get this under control,” Moore wrote.
Hilton posted a news video clip on Instagram and said it included footage of her destroyed home in Malibu. “This home was where we built so many precious memories. It’s where Phoenix took his first steps and where we dreamed of building a lifetime of memories with London,” she said, referencing her young children."
Elwes, the star of “The Princess Bride” and numerous other films, wrote on Instagram Wednesday that his family was safe but their home had burned in the coastal Palisades fire. “Sadly we did lose our home but we are grateful to have survived this truly devastating fire,” Elwes wrote.
The blazes have thrown Hollywood's carefully orchestrated awards season into disarray.
Awards ceremonies planned for this weekend have been postponed due to the fires. The AFI Awards, which were set to honor “Wicked,” “Anora” and other awards season contenders, had been scheduled for Friday.
The AARP Movies for Grownups Awards, which honor movies and television shows that resonate with older audiences, were set for Friday but have been postponed.
The Critics Choice Awards, originally scheduled for Sunday, have been postponed until Feb. 26.
Each of the shows feature projects that are looking for any advantage they can get in the Oscar race and were scheduled during the Academy Awards voting window.
The Oscar nominations are also being delayed two days to Jan. 19 and the film academy has extended the voting window to accommodate members affected by the fires.