Saturday 16 October 2021

Mixed performance by Riyadh hotels

LONDON, 4 days ago

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



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