STR: Preliminary August data for Jeddah hotels
 
STR: Preliminary August data for Jeddah hotels
11 SEPTEMBER 2017 8:44 AM

Preliminary August 2017 data from STR shows hotels in Jeddah, Saudi Arabia, reported occupancy decreased 13.7% to 68.5%, and while ADR rose 8.2% to 1,240.65 Saudi Arabian riyals ($330.83), RevPAR still dropped 6.6% to 850.30 Saudi Arabian riyals ($226.68).

LONDON—STR’s preliminary August 2017 data for Jeddah, Saudi Arabia, indicates lower occupancy levels but higher rates amid significant supply growth.

Based on daily data from August, Jeddah reported the following in year-over-year comparisons:

  • Supply: +17.8%
  • Demand: +1.7%
  • Occupancy: -13.7% to 68.5%
  • Average Daily Rate (ADR): +8.2% to SAR1,240.65
  • Revenue Per Available Room (RevPAR): -6.6% to SAR850.30.

STR analysts note that the year-over-year spike in rooms available (supply) significantly pressured occupancy levels and ultimately RevPAR for the month.

STR will release full August 2017 results later this month.

Media Contacts:

Alex Anstett
Media & Communications Coordinator
aanstett@str.com
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
media@str.com
+44 (0)207 922 1965

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