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Jeddah Jeddah

STR Reveals Data for Jeddah Hotels

This year’s STR preliminary October data for hotels in Jeddah indicates rate-driven performance growth.

Based on daily data from October, Jeddah reported the following in year-over-year comparisons; supply increased by 12.5 percent, demand saw an increase of 9.1 percent, occupancy decreased by three percent to 50.4 percent, while average daily rate increased to 13.5 percent to SAR871.40 (USD232.3) and revenue per available room increased to 10.1 percent to SAR439.60 (USD. 117.2).

Significant demand growth year-over-year was not enough to keep pace with a spike in supply. The imbalance coupled with higher rates, led to the lowest October occupancy level in Jeddah since 2004.