Hotels in Jeddah, Saudi Arabia, reported a positive performance in June as occupancy and revenue rates increased significantly, according to industry experts.
Figures released by STR revealed that that occupancy across the Saudi city averaged 72.5 per cent in June, up 3.2 per cent on the year-earlier period.
Average daily rates (ADR) also rose 16.1 per cent to SR1,383.14 ($368.6) and revenue per available room (RevPAR) also jumped 19.9 per cent to SR1,002.29 ($267.1).
Demand and supply also marched upward, with Jeddah recording an increase of 12.3 per cent and 8.7 per cent, respectively.
STR analysts note that year-over-year comparisons were lifted due to fewer Ramadan dates in June 2018 than June 2017. At the same time, supply growth remains significant in the market, muting absolute occupancy levels. - 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.