The occupancy and RevPAR levels were Jeddahs second highest since February 2020. Only January 2021 produced higher levels. ADR, on the other hand, fell in line with the levels recorded in the latter half of 2020.
For March Jeddah’s Hotel Industry Reported One of Its Highest Monthly Occupancy Levels of the Pandemic
Jeddah’s hotel industry reported one of its highest monthly occupancy levels of the pandemic period, according to preliminary March 2021 data from STR.
- Occupancy: 47.1%
- Average daily rate (ADR): SAR676.36
- Revenue per available room (RevPAR): SAR318.72
The occupancy and RevPAR levels were Jeddah’s second highest since February 2020. Only January 2021 produced higher levels. ADR, on the other hand, fell in line with the levels recorded in the latter half of 2020.
Year-over-year percentage increases are substantial because of the comparison with the months most affected by the pandemic in 2020.
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.
Logos, product and company names mentioned are the property of their respective owners.
© 2021 Hotel News Resource