Hotels in Jeddah, Saudi Arabia, reported occupancy rose 3.5% in September to 70.2%, based on preliminary data from STR. ADR in the market rose 12.3% to 1,218.79 Saudi Arabian riyals ($324.89) and RevPAR increased 16.2% to 855.49 Saudi Arabian riyals ($228.09).
LONDON—STR’s preliminary September 2017 data for hotels in Jeddah, Saudi Arabia, indicates strong performance growth.
Based on daily data from September, Jeddah reported the following in year-over-year comparisons:
- Supply: +14.2%
- Demand: +18.2%
- Occupancy: +3.5% to 70.2%
- Average daily rate (ADR): +12.3% to SAR1,218.79
- Revenue per available room (RevPAR): +16.2% to SAR855.49.
STR analysts note that these performance increases are in comparison with a very weak September 2016. Jeddah recorded particularly strong performance levels during the IDC CIO summit, with RevPAR growth above 100% for 27-28 September.
STR will release full September 2017 results later this month.
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