STR: Preliminary September data for Jeddah hotels
 
STR: Preliminary September data for Jeddah hotels
12 OCTOBER 2017 8:39 AM

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.

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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