Jeddah Hotels Report 16.2 Percent RevPAR Increase for September 2017
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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