LONDON—Riyadh’s hotel industry reported mixed performance in comparison with recent months, according to preliminary September 2021 data from STR.
- Occupancy: 59.0%
- Average daily rate (ADR): SAR520.78
- Revenue per available room (RevPAR): SAR307.46
Absolute occupancy fell slightly from August (60.5%), but the ADR level was the market’s highest since May and the RevPAR level was the highest since June. For context, pre-pandemic comparables from September 2019 were 62.1% occupancy, SAR553.14 ADR and SAR343.47 RevPAR.
All of STR’s COVID-19 analysis can be found here.
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STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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