Jeddah hotels report negative performance as supply increases

The November 2018 data for Jeddah, Saudi Arabia, indicates negative performance comparisons affected by continued supply growth according to a preliminary data revealed by STR.

Based on daily data from November, the year-over-year comparisons showed the supply up by 8.1% and a 3.4% growth in demand.

The occupancy in November fell 4.3% to 43.9% while the average daily rate (ADR) faltered by 10.1% to SAR624.69 (US $166.82). Revenue per available room or RevPAR also fell by 14$ compared to 2017 to SAR274.35 ($73.36).

STR analysts also noted that during the winter, the hospitality market is typically slower.