While room rates were lower than the month prior, Jeddah’s RevPAR was its highest since September 2019.
LONDON – Helped by the Arab League Summit, Jeddah’s hotel industry posted its highest monthly occupancy since August 2016, according to preliminary May 2023 data from STR.
May 2023 (year-over-year % change)
- Occupancy: 79.9% (+21.9%)
- Average daily rate (ADR): SAR924.32 (+3.9%)
- Revenue per available room (RevPAR): SAR738.80 (+26.6%)
While room rates were lower than the month prior, Jeddah’s RevPAR was its highest since September 2019.
When looking at daily data, Jeddah reported its highest occupancy level on Wednesday, 17 May (at 90.6%). Room rates were the highest (SAR1,440.69) on Thursday, 18 May, the night before the Arab League Summit. Overall, the market’s daily occupancy levels held above 70% on all but three days.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
