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STR: Riyadh hotels showed steady performance in February

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LONDON—Riyadh’s hotel industry reported steady performance levels compared with recent months, according to preliminary February 2022 data from STR.

  • Occupancy: 72.2%
  • Average daily rate (ADR): SAR652.09
  • Revenue per available room (RevPAR): SAR471.01

This was Riyadh’s third February since 2015 with an occupancy level above 70%. Additionally, the RevPAR level was the market’s second highest of the pandemic-era, behind December 2021 (SAR472.07).

All of STR’s COVID-19 analysis can be found here.

About STR
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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Haley Luther
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hluther@str.com
+1 (216) 278 0627

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