Riyadh’s hotel occupancy was the highest in February since 2008, according to preliminary STR data.
- Occupancy: 75.5%
- Average Daily Rate (ADR): 801.46 SAR
- Revenue per available room (RevPAR): 605.06 SAR
Each of the three key performance metrics were significantly higher than their pre-2019 pandemic peers: occupancy (+23.4%), ADR (+34.0%), and RevPAR (+65.3%).
According to daily data, the market registered an occupancy of more than 90% for three consecutive days from February 6 to 8, helped by the International Conference and Exhibition for Science.