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 premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an inte…
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