Riyadh’s hotel industry reported its highest overall performance since the start of the pandemic, according to preliminary January 2021 data from STR. Year-over-year declines remained significant.
- Occupancy: 56.2% (-23.8%)
- Average daily rate (ADR): SAR582.92 (-9.9%)
- Revenue per available room (RevPAR): SAR327.56 (-31.3%)
The absolute RevPAR level was the highest for any month in Riyadh since February. When looking at daily data, 1 January was the only day of the month that Riyadh hotels saw year-over-year growth in occupancy and RevPAR, along with the highest absolute levels: occupancy (+12.2% to 68.6%), ADR (+2.3% to SAR616.13) and RevPAR (+14.7% to SAR422.71).
.jpg){kind=tracking}