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Hotels in Riyadh, Jeddah report higher occupancy rates in September
- Saudi Arabia: Wednesday, October 31 - 2012 at 02:37
According to a report by HotStats, hotel industry in Saudi Arabia have showed normalisation of demand distribution in the month of September, particularly in key cities of Riyadh and Jeddah, Saudi Gazette has reported. Surveyed markets in the region showed signs of relief as summer months subside allowing for the flourishing of hotel activity in the region, the report said. Occupancy rates in Riyadh showed an increase of 4.1 percentage points reaching 60.5%, while average room rates (ARR) increased 1.6% to $250.60, compared with the same period in 2011. Similarly, occupancies in Jeddah rose 6.2 percentage points to 81.5% in addition to a 3.9% increase in ARR to $222.29, the survey said.
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