STR: Riyadh’s hotel industry showed improved performance in October | TravelDailyNews International
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STR: Riyadh’s hotel industry showed improved performance in October

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Riyadh’s hotel industry showed improved performance from the month prior, according to preliminary October 2022 data from STR

  • Occupancy: 72.3%
  • Average daily rate (ADR): SAR771.24
  • Revenue per available room (RevPAR): SAR557.28

The market’s ADR and RevPAR levels surpassed the pre-pandemic comparable, while occupancy remained slightly below October 2019 (-4.0%).  Occupancy and ADR were the highest for any month since March 2022, while RevPAR was the highest since May 2011.

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