JEDDAH: The hotel industry in Jeddah has reported its highest performance level since September 2019, with the occupancy rate touching 64 percent in May, according to preliminary data released by global hospitality insight provider STR.
As a strong indication of the sector’s rebound after the pandemic, Jeddah hotels saw their average daily rates rising to SR901.40 ($240) in May, helping them to record a better revenue per available room, or RevPAR, at SR580.62, the STR data revealed.
While the Saudi hospitality industry has been on a growth trajectory, the figures are still lower than the pre-pandemic levels when compared with May 2019.
Compared to May 2019, the occupancy is 6.4 percent lower in May 2022, while the average daily rate and the RevPAR are also down 29.4 percent and 33.9 percent respectively.
