Jeddah hotels posted a strong performance across key performance metrics in September, recording its highest jump in revenue per available room (RevPAR) at 16.2 per cent to SR855.49 ($228).
Average daily rate (ADR) also increased 12.3 per cent to SR1,218.79 ($324.8) in September while occupancy went up 3.5 per cent to 70.2 per cent.
STR analysts note that these performance increases are in comparison with a very weak September 2016. Jeddah recorded particularly strong performance levels during the IDC CIO summit, with RevPAR growth above 100 per cent for September 27-28.
Additionally, supply and demand in Dubai showed significant increases in September, going up 14.2 per cent and 18.2 per cent respectively. - TradeArabia News Service
TTN is the most established trade publication in the Middle East distributed on a controlled circulation basis to members of the travel and tourism industry.
Published monthly by Al Hilal Publishing and Marketing Group, the region’s foremost trade publisher, TTN is aimed at professionals in the industry, from travel agents to airline and hotel personnel.
TTN provides in-depth and extensive coverage of relevant issues in the Middle East and North Africa as well as in other parts of the world. Travel related news, analysis, and new appointments together with information on up-coming exhibitions, marketing and promotional campaigns are presented in an innovative and striking colour tabloid.
Every issue also contains a collation of international and regional news and topical features of interest to readers.