Jeddah shows positive hotel performance for June 2018

STR’s preliminary June 2018 data for Jeddah, Saudi Arabia, indicates positive performance for the city.

Based on daily data from June, Jeddah reported the following in year-over-year comparisons: supply increased by 8.7% while demand also increased by 12.3%. Occupancy rose by 3.2% to 72.5%, while ADR and RevPAR were also positive: SAR1,383.14 [US$369] (an increase of 16.1%), and SAR1,002.29 [$267] (an increase of 19.9%), respectively.

STR analysts noted that year-over-year comparisons were lifted due to fewer Ramadan dates in June 2018 than June 2017. At the same time, supply growth remains significant in the market, muting absolute occupancy levels.