STR: Riyadh hotels post highest February occupancy since 2008

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.

The article STR: Riyadh hotels post highest February occupancy since 2008 first appeared in TravelDailyNews International.