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In the United States, the Census Bureau estimates that by 2030, approximately 73 million boomers will be 65 or older. Countries like Japan, South Korea, and members of the European Union will soon have more than a third of their population aged 65 or older.
Research indicates that the hotel industry in Riyadh and Jeddah is on the brink of substantial growth leading up to 2030. With the Saudi Vision 2030 initiative driving economic diversification and tourism development, the hospitality sector is expected to experience a surge in demand.
With the right strategies in place, hotels can capitalise on the opportunities offered by the changing industry landscape and be well-positioned to serve their customers in the years ahead. Wellness Tourism The global wellness tourism market is expected to be worth 1,592 billion USD by 2030.
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