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.
The easing of Covid-19 restrictions in March included social distancing inside mosques and holy sites.
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