Jeddah’s hotel performance during November came in lower than the month prior but surpassed pre-pandemic comparables, according to preliminary data from STR, a global provider of analytics  for the hospitality industry.

The sector recorded an occupancy rate of 54.5%. Average daily rate (ADR) reached SR586.71 ($156.23), while revenue per available room (RevPAR) touched SR319.50 during the month.

The market’s occupancy level was its lowest since April 2022, while ADR and RevPAR were the lowest since February 2022. Each of the three key performance metrics, however, surpassed the 2019 comparable: occupancy (+16.2%), ADR (+13.0%) and RevPAR (+31.3%).

When looking at daily data, the highest occupancy level (75.2%) was recorded on Wednesday, 30 November – the only day of the month that the metric came in above 70%. – TradeArabia News Service