CoStar

Riyadh’s hotel performance was helped by the World Combat Games, held 20-30 October and the Future Investment Initiative 7th Edition

The market’s occupancy level was the highest for any month since October 2019.

Profit levels in the major markets are further evidence of business travel and groups. Overall, 13 of the Top 25

"Both events are expected to push hotel performance to new highs for the year with some hotels selling out closer

Among the provinces and territories, Nova Scotia recorded the highest September occupancy level (81.1%), which was 0.7% below 2022.

The market’s daily occupancy levels remained above the 70.0% mark throughout the month apart from Sunday, 3 September (66.3%).

In addition to the high occupancy, ADR was Dubai’s highest for a September since 2017.

Among the major markets, Vancouver saw the highest occupancy (86.4%), which was 0.8% ahead of August 2022.

Amsterdam’s daily occupancy levels remained above the 70.0% mark throughout the month except for three days.

Among the provinces and territories, Newfoundland and Labrador recorded the highest July occupancy level (87.9%), which was 5.0% above 2022.