LONDON – 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.
More of STR’s analysis can be found here.