According to preliminary August data from STR, hotels in Jeddah reported occupancy rose 9.7% to 73.4%, ADR increased 9.6% to 1,350.97 Saudi Arabian riyals ($360.26) and RevPAR rose 20.3% to 991.76 riyals ($264.47).
STR’s preliminary August 2018 data for Jeddah, Saudi Arabia, indicates strong demand and performance growth.
Based on daily data from August, Jeddah reported the following in year-over-year comparisons:
- Supply: +6.3%
- Demand: +16.6%
- Occupancy: +9.7% to 73.4%
- Average daily rate (ADR): +9.6% to SAR1,350.97
- Revenue per available room (RevPAR): +20.3% to SAR991.76
Significant growth in demand (room nights sold) helped pushed ADR and RevPAR to their highest absolute levels for any August in STR’s database.
STR will release full August results later this month.
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.