Undersupply of budget hotels in Saudi Arabia
 

https://s1.yimg.com/bt/api/res/1.2/5...3487984144.JPGDespite high demand for the category, the three- and four-star hotel market in Saudi Arabia is under-supplied, opening the door for building new facilities or re**vating existing ones in the country,Construction Week Arabia has reported. STR Global in March 2015 revealed capital city Riyadh has seen a sharp rise in revenue per available room (RevPAR) since 2008, achieving one of the region's highest Average Daily Rates (ADR) during 2014. By the end of 2014, the numbers for Riyadh showed 59 percent occupancy rate, ADR of $235 (SAR884), with REvPAR of $140 (SAR526).




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