STR: Riyadh hotels reported higher occupancy in June
Riyadh’s hotel industry reported higher occupancy than the month prior, but lower room rates, according to preliminary June 2022 data from STR.
LONDON - Riyadh’s hotel industry reported higher occupancy than the month prior, but lower room rates, according to preliminary June 2022 data from STR.
- Occupancy: 56.5%
- Average daily rate (ADR): SAR580.61
- Revenue per available room (RevPAR): SAR328.17
While ADR and RevPAR fell month over month, each of the three key performance metrics came in higher than the pre-pandemic comparable.
All of STR’s COVID-19 analysis can be found here.
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