Report: RevPAR in KSA grows considerably

STR released the November results for MENA hotel performance

Average daily rate (ADR) has also seen improvement
Average daily rate (ADR) has also seen improvement

Hotels in KSA’s Riyadh have seen a revenue per available room (RevPAR) increase of 49.5% in the last 12 years for November.

STR’s ‘Middle East and Africa hotel performance for November 2019’ also showed hotel occupancy has risen from 34.6% to 82.8% during November since 2007.

Average daily rate (ADR) has also seen improvement, with an 11.1% rise to SAR 685.91 (US $182.88).

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STR data analysts attributed Saudi’s strong statistics to a 55% increase in demand thanks to the Saudi Vision 2030, the country-wide mission to make the Kingdom’s economy more diverse. A major part of the Vision is to improve KSA’s tourism and hospitality industry.

On a wider scale, the Middle East saw occupancy go from 3.4% to 72.1% in November since 2007. However, STR also reported the region saw ADR drop by 5.9% to $146.47 and RevPAR by 2.6% to $105.56

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