STR: Preliminary April data for Jeddah hotels
LONDON—Because of the continued limitations and concerns around the COVID-19 pandemic, Jeddah’s hotel industry reported its lowest overall performance on record, according to preliminary April data from STR.
Compared with April 2019:
- Occupancy: -57.5% to 21.9%
- Average daily rate (ADR): -18.6% to SAR544.77
- Revenue per available room (RevPAR): -65.4% to SAR119.33
The absolute occupancy and RevPAR levels were the lowest for any month in STR’s Jeddah database. The ADR value was the lowest for an April in the market since 2008. Jeddah’s occupancy in March was 25.0%.
All of STR’s COVID-19 analysis can be found here.
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.
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