In April, hotel occupancy in Jeddah, Saudi Arabia, fell 57.5% to 21.9%, according to preliminary STR data. ADR dipped 18.6% to 544.77 Saudi Arabian riyals ($145.27) and RevPAR dropped 65.4% to 119.33 riyals ($31.82).
Prelimiary July data for hotels in Jeddah, Saudi Arabia, show a 7.3% increase in supply and a 9.5% increase in demand.
Hotels in Jeddah, Saudi Arabia, reported occupancy declined 2.4% to 70.6% in May, according to preliminary monthly data from STR. ADR similarly dropped 4.9% to 1,310.35 Saudi Arabian riyals ($349.43) and RevPAR decreased 7.1% to 925.07 riyals ($246.49).
Jeddah's hotel demand outpaced supply in March, according to preliminary monthly data from STR.
According to preliminary November data from STR, hotels in Jeddah, Saudi Arabia, reported occupancy decreased 4.3% to 43.9%, ADR dropped 10.1% to 624.69 Saudi Arabian riyals ($166.58) and RevPAR fell 14% to 274.35 riyals ($73.16).
According to preliminary August data from STR, hotels in Jeddah reported occupancy rose 9.7% to 73.4%, ADR increased 9.6% to 1,350.97 Saudi Arabian riyals ($360.26) and RevPAR rose 20.3% to 991.76 riyals ($264.47).
In June year-over-year data, Jeddah hotels reported demand (+12.3%) that outpaced supply growth (+8.7%), which resulted in increases of 3.2% in occupancy, 16.1% in ADR and 19.9% in revenue per available room.
According to preliminary STR April 2018 data, hotels in Jeddah, Saudia Arabia, saw occupancy decrease 13.5% to 53.5%, ADR increase 4.7% to 822.06 Saudi Arabian riyals ($219.22) and RevPAR decline 9.4% to 439.90 riyals ($117.31).
STR analysts note that occupancy levels have been declining significantly over the past two years due to supply growth. With room rates dropping as well, RevPAR has now decreased in the first quarter of each of the past three years.
While hotel occupancy rose 0.3% to 50.6% in January in Jeddah, Saudi Arabia, according to preliminary STR data, the market saw ADR drop 2.4% to 732.33 Saudi Arabian riyals ($195.29) and RevPAR decline 2.1% to 370.33 riyals ($98.75).