STR’s preliminary January 2020 data for hotels in Jeddah indicates significant growth in demand and occupancy.
Based on daily data from the month, Jeddah reported the following in year-over-year comparisons:
- Supply: +3.9%
- Demand: +36.4%
- Occupancy: +31.3% to 63.7%
- Average daily rate (ADR): -8.9% to SAR601.01
- Revenue per available room (RevPAR): +19.6% to SAR382.57
STR analysts attribute the year-over-year spike in demand to the mid-year school break (2-18 January), which was celebrated in December during the last academic year.
STR will release full January results later this month.