82% Occupancy in Madinah. And 105,000 Hotel Rooms Coming Behind It.
Madinah just posted the highest hotel occupancy in Saudi Arabia at 82% with a $99 RevPAR, and the development pipeline has 105,000 rooms headed for the kingdom. The question every operator watching the Middle East should be asking isn't whether demand is real... it's what happens when 252,000 new keys chase the same pilgrim.