Riyadh Hotel Industry Reported Its Highest Room Rates in Three Months

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Each of the three key performance metrics were up from April, but despite the month-over-month increase, occupancy and RevPAR came in lower than earlier pandemic-affected months.

Radisson Blu Hotel & Residence Riyadh Diplomatic Quarter - Exterior

Riyadh Hotel Industry Reported Its Highest Room Rates in Three Months

Riyadh’s hotel industry reported its highest room rates in three months, according to preliminary May 2021 data from STR. 

  • Occupancy: 42.8%
  • Average daily rate (ADR): SAR544.31
  • Revenue per available room (RevPAR): SAR232.85

Each of the three key performance metrics were up from April, but despite the month-over-month increase, occupancy and RevPAR came in lower than earlier pandemic-affected months. Year-over-year percentage increases are substantial because of the comparison with the months most affected by the pandemic in 2020.

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.

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© 2021 Hotel News Resource



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