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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
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