Saudi megaproject spending cut but hotel development still advancing

On October 28, 2026, Skift reported that Saudi Arabia is compressing megaproject budgets around Riyadh's event deadlines, but hotel developers are still advancing construction as originally planned, with the development pipeline rising and skewing toward luxury. The report holds that the mismatch between budget contraction and development progress, compounded by rising costs and security risks, is an issue more worthy of attention for owners and brands.