riyadh hotels
STR: Riyadh Hotels Post Highest February Occupancy Since 2008
STR | March 17, 2023
LONDON – Riyadh’s hotel occupancy was its highest for a February since 2008, according to preliminary data from STR. Occupancy: 75.5% Average daily rate (ADR): SAR801.46 Revenue per available room (RevPAR): SAR605.06 Each of the three key performance metrics came in significantly higher than the pre-pandemic comparables from 2019: occupancy (+23.4%), ADR (+34.0%) and RevPAR (+65.3%). According to daily data, the market recorded occupancy over 90% for three consecutive days from 6-8 February, helped by the International Conference and Exhibition for Science. Further STR analysis can be found here....
STR: Riyadh Hotels Reported Higher Occupancy in June
STR | July 15, 2022
LONDON—Riyadh’s hotel industry reported higher occupancy than the month prior, but lower room rates, according to preliminary June 2022 data from STR. Occupancy: 56.5% Average daily rate (ADR): SAR580.61 Revenue per available room (RevPAR): SAR328.17 While ADR and RevPAR fell month over month, each of the three key performance metrics came in higher than the pre-pandemic comparable. All of STR’s COVID-19 analysis can be found here....
