Jeddah’s hotel industry reported its highest performance levels since September 2019, according to preliminary May 2022 data from STR.
- Occupancy: 64.4%
- Average daily rate (ADR): SAR901.40
- Revenue per available room (RevPAR): SAR580.62
While the highest since September 2019, each of the key performance levels came in lower than the pre-pandemic comparables from May 2019: occupancy (-6.4%), ADR (-29.4%) and RevPAR (-33.9%).
Berlin hotels post best performance since late 2019
Berlin’s hotel industry reported its highest monthly occupancy and room rates since late 2019, according to preliminary May 2022 data from STR.
- Occupancy: 77.9%
- Average daily rate (ADR): EUR114.19
- Revenue per available room (RevPAR): EUR88.90
The absolute occupancy level was the highest in the market since November 2019 but still came in 6.7% lower than the pre-pandemic comparable (May 2019).
The absolute ADR and RevPAR levels exceeded 2019 comparables and were the highest in the market since September 2019.
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit www.str.com
