STR: Jeddah hotel industry reported slightly lower performance levels in January

Jeddah’s hotel industry reported slightly lower performance levels compared with the month prior, according to preliminary January 2022 data from STR.

• Occupancy: 46.2%
• Average daily rate (ADR): SAR569.38
• Revenue per available room (RevPAR): SAR263.05

Performance came in lower than the month prior after the market hosted the Saudi Arabian Grand Prix in early December, which drove monthly performance to reach levels not seen since September 2019. Despite the month-over-month decline, absolute occupancy and RevPAR fell in line with recent months.

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