Latest News
HomeHotels & LodgingSTR: Riyadh hotels post highest February occupancy since 2008
Hospitality

STR: Riyadh hotels post highest February occupancy since 2008

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.

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.

Co-Founder & Chief Editor - TravelDailyNews Media Network | Website | + Posts

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.

Tags
19/03/2024
18/03/2024
15/03/2024
14/03/2024
13/03/2024
12/03/2024