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Riyadh hotels sees 40% increase in occupancy rates

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. 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.