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STR data shows that the Saudi capital’s hospitality sector is performing well
Hotels in Saudi Arabia’s Riyadh have reported better performance after Covid-19 restrictions eased, with occupancy levels, room rates and revenue per available room (RevPAR) exceeding pre-pandemic levels, according to the latest data released by analytics firm STR.
Occupancy rates in Riyadh averaged 57% in June this year, higher than the month before. Average daily rate (ADR) and RevPAR stood at 581 riyals and 328 riyals, respectively.
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While ADR and RevPAR fell when compared to last month, each of the three key performance metrics came in higher than the same time period in 2019.
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The easing of Covid-19 restrictions in March included social distancing inside mosques and holy sites.
For more information, visit www.str.com
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