Passenger Growth
Saudi Arabia’s aviation sector saw a 20 percent rise in passenger numbers in 2024, building on 2023’s 26 percent growth. In 2023, the Kingdom handled 111 million passengers and expanded its connectivity with 148 new national and international destinations.
Hospitality Market Recovery
By June 2024, hospitality KPIs across most of Saudi Arabia’s major markets surpassed pre-pandemic levels, with average occupancy up by 3.7 percentage points and ADR up by 35.6 percent, leading to a 43.9 percent increase in RevPAR.
Positive Year-on-Year KPI Growth
Nationally, year-on-year growth in occupancy, ADR, and RevPAR continued, with a slight rise of 0.9 percentage points in occupancy, a 6.7 percent increase in ADR, and an 8.2 percent growth in RevPAR.
City-Specific Performance
- Riyadh: Occupancy dropped by 1.5 percentage points, but a 25.5 percent rise in ADR boosted RevPAR by 22.4 percent.
- Makkah: A 1.6 percentage point rise in occupancy and a 1.1 percent increase in ADR led to a 3.6 percent rise in RevPAR.
- Madinah: Occupancy fell slightly by 1.0 percentage points, but a 16.1 percent jump in ADR drove a 14.5 percent increase in RevPAR.
- Khobar: Occupancy and ADR both declined, resulting in a 4.1 percent drop in RevPAR.
- Dammam: An 8.4 percentage point rise in occupancy countered a 1.1 percent drop in ADR, leading to a 14.5 percent increase in RevPAR.
- Jeddah: Occupancy rose by 4.1 percentage points, but a 9.9 percent decline in ADR resulted in a 4.2 percent fall in RevPAR.
