Riyadh's Hotels Boom As Businessmen Seek Saudi Deals | WSJ.com

New hotels are rising up in Riyadh to help meet demand from business travelers visiting the capital of Saudi Arabia, the world's largest oil producer, that is avoiding the worst of the global economic downturn. Riyadh had some of the highest average room rates and revenue per available room levels in the world last year at $244 and $175 respectively, according to business advisory firm Deloitte. And average room rates climbed 18.