STR’s preliminary August 2018 data for Jeddah, Saudi Arabia, indicates strong demand and performance growth.
Based on daily data from August, Jeddah reported the following in year-over-year comparisons:
- Supply: +6.3%
- Demand: +16.6%
- Occupancy: +9.7% to 73.4%
- Average daily rate (ADR): +9.6% to SAR1,350.97
- Revenue per available room (RevPAR): +20.3% to SAR991.76
Significant growth in demand (room nights sold) helped pushed ADR and RevPAR to their highest absolute levels for any August in STR’s database.
STR will release full August results later this month.
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