STR: Preliminary July data for Jeddah hotels
LONDON—Jeddah’s hotel industry reported improved but low performance levels during July 2020, according to preliminary data from STR.
Compared with July 2019:
- Occupancy: -57.9% to 32.1%
- Average daily rate (ADR): -36.8% to SAR769.35
- Revenue per available room (RevPAR): -73.4% to SAR247.17
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.
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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