Saudi Arabia: Hotel Industry Started Showing Signs of Recovery in Jeddah

Published August 13th, 2020 - 07:00 GMT
Saudi Arabia: Hotel Industry Started Showing Signs of Recovery in Jeddah
The ADR level was the highest for any month in the market since October 2019. (Shutterstock)

Jeddah’s hotel industry reported improved but low performance levels during the month of July, said a report from STR -a global marketplace insights provider for the hospitality sector.

Based on preliminary data for the month, Jeddah hotels posted a 57.9 per cent dip in occupancy levels to 32.1 per cent, with average daily rate (ADR) dropping 36.8 per cent to SR769.35 ($204.8) and revenue per available room (RevPAR) declining 73.4 per cent to SAR247.17 ($65.8).
 
Showing continued early recovery from the impact of the Covid-19 pandemic, each of Jeddah’s three performance metrics were up from June. The ADR level was the highest for any month in the market since October 2019, while the RevPAR level was the highest since February 2020.

Copyright 2021 Al Hilal Publishing and Marketing Group

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