MICE Activity Pushes Riyadh Hotel Occupancy

Riyadh hotels have seen demand climbing during the first three months of the year, with occupancies increasing 6.3 percentage points over the same period last year, according to the latest HotStats survey of full-service, four and five star hotels by TRI Hospitality Consulting Middle East.

“Riyadh hoteliers enjoyed a boost in demand during March, which helped drive an increase in first quarter occupancy levels to 66.7 percent,” said Peter Goddard, managing director of TRI Hospitality Consulting. “The corporate and conference markets continue to provide hotels with a solid base of demand driven by government spending on key infrastructure projects in the capital including the Riyadh Metro.