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FINANCIAL NEWS
Saudi hotels post 10.5% rise in Oct occupancy rates
26 Nov 2012
(MENAFN) STR Global stated that last month, occupancy rates at hotels in Saudi Arabia rose 10.5 percent to 66 percent, reported Arabian Business.
It added that average daily rates (ADR) jumped 25.5 percent, driven by the Haj pilgrimage and Eid holiday, while Revenue Per Available Room (RevPAR) surged by 38.8 percent.
Makkah posted the highest RevPAR, with a hike of 88.2 percent, followed by Madinah with 36.9 percent, Al Khobar by 25.1 percent and Jeddah by 23.4 percent; however, RevPAR in Riyadh fell 38.4 percent.
Furthermore, the biggest rise in ADR was recorded in Jeddah, with a 26.9-percent gain to USD243.19.
It is worth noting that in October, ADR across the Middle East’s hotels grew by over 13 percent to USD246.
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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