LONDON—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.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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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