Riyadh Hotels Post Highest February Occupancy Since 2008
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.
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.
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.
Categories: Trends