Jeddahs hotel industry reported slightly lower performance levels compared with the month prior, according to preliminary July 2021 data from STR.
For July Jeddah's Absolute Occupancy and RevPAR Were Higher Than the Average Levels Seen Throughout the Pandemic in 2020
Jeddah’s hotel industry reported slightly lower performance levels compared with the month prior, according to preliminary July 2021 data from STR.
- Occupancy: 55.0%
- Average daily rate (ADR): SAR660.18
- Revenue per available room (RevPAR): SAR363.33
Although lower than the month prior, absolute occupancy and RevPAR were higher than the average levels seen throughout the pandemic in 2020.
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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