School holiday sees demand for rooms rise in Saudi Arabia

Posted under Hotel News ME, News.
by Patrick Ryan | Published 8 months ago

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Demand for hotel rooms in Saudi Arabia rose by 16.4% in January – this was partly down to the January school holiday in the Kingdom, which had fallen in February of 2017, according to figures released by industry analysts STR.

Saudi Arabia is Expected To See a Massive Boost To its GDP Through Travel And tourism - Hotel News ME“The January school holiday, which fell primarily in February last year, pushed a 16.4% rise in demand. Both occupancy and ADR levels continue to be pressured by supply growth, which rose to 9.3% for the month,” said an STR spokesperson.

“Saudi Arabia’s hotel development pipeline represents 76% of the existing room supply in the country. However, STR analysts stress the importance of considering the long-term investments being made in tourism and hospitality as part of Vision 2030.”

RELATED: Saudi pipeline is 76% of room inventory

Saudi Arabia

  • Occupancy: +6.4% to 59.5%
  • ADR: -5.2% to SAR566.34
  • RevPAR: +0.9% to SAR336.70

Middle East

  • Occupancy: +1.9% to 69.1%
  • Average daily rate (ADR): -3.4% to US$170.28
  • Revenue per available room (RevPAR): -1.6% to US$117.75

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