STR: Preliminary October data for Jeddah hotels

Jeddah's hotel industry reported mixed performance in comparison with recent months, according to preliminary October 2020 data from STR.

Year-over-year declines in the key performance metrics remained significant when compared with October 2019:

• Occupancy: -24.3% to 36.4%
• Average daily rate (ADR): -15.9% to SAR646.03
• Revenue per available room (RevPAR): -36.3% to SAR234.93

Absolute occupancy was up slightly from September (36.1%) and was the market's second highest level in the metric since the beginning of the pandemic. The ADR level was the market's lowest since June, pulling RevPAR lower than any month since July.

All of STR's COVID-19 analysis can be found here.