Mixed performance by Riyadh hotels
LONDON, October 12, 2021
Riyadh’s hotel industry reported mixed performance in comparison with recent months, according to preliminary September 2021 data from STR.
The occupancy was 59% , average daily rate (ADR) SR520.78 and revenue per available room (RevPAR) SR307.46, STR said.
Absolute occupancy fell slightly from August (60.5%), but the ADR level was the market’s highest since May and the RevPAR level was the highest since June. For context, pre-pandemic comparable from September 2019 was 62.1% occupancy, SR553.14 ADR and SR343.47 RevPAR.
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. -TradeArabia News Service
