Market Report Jeddah

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.

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