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 ST
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 other costargroup.com.
