c40% of new hotel supply expected in Riyadh during 2017 will be delayed, but pressure will remain on room rates, according to a new report issued by Colliers. RevPAR is expected to fall 4% in 2017, driven by a 12% drop in average daily rates, while occupancy rates at Riyadh hotels are expected to rise 9% to 59%. In 2016, Riyadh saw a 23% increase in hotel supply, rising to 8,363 rooms, expected to exceed 10,000 before end of 2017. c90% of hotel supply fall into the four-star and five-star categories, offering the opportunity to increase mid-market presence in the city. (Arabian Business)