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.
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.