Riyadh hotels sees 40% increase in occupancy rates

Source:  www.ameinfo.com

According to data by STR Global, hotels in the Saudi capital, Riyadh have seen strong occupancy growth in September with a 40% rise in occupancy rates, average daily rate (ADR) and revenue per available room (revPAR) in September compared to the same month in 2010, Saudi Gazette has reported.

Hilton Riyadh Hotel & Residence

Hilton Riyadh Hotel & Residence

Riyadh also reported the only double-digit ADR increase in the Middle East and Africa region, rising 12.6% to $267.06.

The capital also reported a 58.2% jump in revPAR to $157.27, STR Global said.

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