Riyadh hotels show signs of recovery from virus outbreak
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Riyadh hotels show signs of recovery from virus outbreak

RIYADH: Hotels in Riyadh recorded their best month in January since the start of the coronavirus disease (COVID-19) pandemic last year, but occupancy and revenue levels were still down compared to 2019.

According to industry data provider STR, occupancy levels across hotels in the Saudi capital averaged 56.2 percent last month, 23.8 percent down on the same period last year. The average daily rate (ADR) was SR582.92 ($155.45), a drop of 9.9 percent year-on-year.

While average revenue per available room (RevPAR) was down 31.3 percent year-on-year to SR327.56, STR said it was the highest it had been since February, when the impact of the pandemic began to take hold.

“When looking at daily data, Jan. 1 was the only day of the month…

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