Market Reports

Despite Occupancy Decline Jeddah Hotels Report 25.4 Percent RevPAR Decline for November 2017

Hotels in Jeddah, Saudi Arabia, reported occupancy dropped 17.4% to 45.7% in November, according to preliminary STR data. ADR decreased 9.7% to 702.62 Saudi Arabian riyals ($187.37) and RevPAR fell 25.4% to 321.06 Saudi Arabian riyals ($85.62).

STR’s preliminary November 2017 data for hotels in Jeddah, Saudi Arabia, indicates significant supply growth and steep performance declines.

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

  • Supply: +9.8%
  • Demand: -9.3%
  • Occupancy: -17.4% to 45.7%
  • Average daily rate (ADR): -9.7% to SAR702.62
  • Revenue per available room (RevPAR): -25.4% to SAR321.06.

The absolute RevPAR level would be the lowest for a November in Jeddah since 2007.

STR will release full November 2017 results later this month.

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.



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