Riyadh’s hotel occupancy hits 75.5%, highest since 2008: STR

RIYADH: Riyadh’s hotel occupancy rate hit 75.5 percent in February, the highest figure since 2008 according to preliminary data from hotel industry monitoring firm STR.

All three key performance metrics – occupancy, average daily rate, and the revenue per available room – recorded higher figures in comparison to the pre-pandemic levels back in 2019.