Based on daily data from June, Jeddah reported the following in year-over-year comparisons: Supply: +8.7% Demand: +12.3% Occupancy: +3.2% to 72.5% Average daily rate (ADR): +16.1% to SAR1,383.14 Revenue ... The May edition of STR's Market Forecast is available now for Jeddah and a host of other markets across the globe.
Based on daily data from April, Jeddah reported the following in year-over-year comparisons: Supply: +10.1% Demand: -4.8% Occupancy: -13.5% to 53.5% Average daily rate (ADR): +4.7% to SAR822.06 Revenue ... The May edition of STR's Market Forecast will be available at the end of the month.
Based on daily data from March, Jeddah reported the following in year-over-year comparisons: Supply: +12.9% Demand: -0.9% Occupancy: -12.3% to 48.8% Average daily rate (ADR): -5.6% to SAR674.54 Revenue ... The January edition of STR's Market Forecast and the 2017 Global Hotel Study are now available.
At this stage it simply can't take any more visitors due to the redevelopment and pending infrastructure changes, so it is currently a 'controlled demand' environment. ... The report also showed that Jeddah is currently witnessing a consistent demand and delays in new supply to stabilize the market.