Tourism Information and Research Centre “MAS” in the Saudi Commission for Tourism and National Heritage announces that the occupancy rate of hotels in Riyadh increased by more than 60% in 2018, with an average price of SAR426 per night in room.
The statistics showed that the occupancy rate of hotels in Saudi Arabia during the year 2018, exceeded 68%, with an average price of SAR334 per night for room.
In the same year, the occupancy rate of furnished units reached 64%, with an average price of SAR278 in the units furnished.
In terms of occupancy, five-star hotels topped Saudi Arabia with 88%, followed by four-star hotels by 75%, and three-star hotels by 48%.
In terms of average prices in general, the average price of room per night in five-star hotels exceeded SAR600, in four-star hotels, it reached SAR450, and in three-star hotels, it amounted to SAR355.
The number of hotels in the city of Riyadh until 2019 reached 108 hotels; including only 20 five-star hotels, 43 four-star hotels, and 26 three-star hotels.
The number of rooms amounted to 15974 rooms; including 6095 rooms in five-star hotels, 6,644 rooms in four-star hotel, and 2410 rooms in three-star hotels.
The furnished units were 1292 units; including six units of the first class, 333 units of the second class, and 578 units of the third class.
It is expected that by 2020, a large number of hotels of different categories will be completed with a total investment of SAR143.9bn at a luxury level for international hotel brands.