• For May Jeddah Hotel Industry Reports Highest Performance Since September 2019   

STR;

Jeddah’s hotel industry reported its highest performance levels since September 2019, according to preliminary May 2022 data from STR.

  • Occupancy: 64.4%

  • Average daily rate (ADR): SAR901.40

  • Revenue per available room (RevPAR): SAR580.62

While the highest since September 2019, each of the key performance levels came in lower than the pre-pandemic comparables from May 2019: occupancy (-6.4%), ADR (-29.4%) and RevPAR (-33.9%).

STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.