Jeddah’s hotel industry reported one of its highest monthly occupancy levels of the pandemic period, according to preliminary March 2021 data from STR.
Occupancy: 47.1%
ADR: SAR676.36 (US$180)
RevPAR: SAR318.72 (US$85)
The occupancy and RevPAR levels were Jeddah’s second highest since February 2020. Only January 2021 produced higher levels. ADR, on the other hand, fell in line with the levels recorded in the latter half of 2020.
Year-over-year percentage increases are substantial because of the comparison with the months most affected by the pandemic in 2020.
Beijing’s hotel industry reported its highest room rates in 15 months, according to preliminary March 2021 data from STR.
Occupancy: 57.9%
ADR: CNY603.19 (US$92)
RevPAR: CNY349.45 (US$53)
The absolute ADR level was the highest in Beijing since November 2019, while RevPAR was the highest in the market since November 2020. The occupancy level came in higher than the previous two months but remained slightly below the levels seen in Q4 2020.
Year-over-year percentage increases are substantial because of the comparison with the months most affected by the pandemic in 2020.
Berlin hotels in March 2021 preliminarily showed slightly better performance compared with recent months, albeit at overall low levels due to continued restrictions in Germany. In addition to low absolute levels, year-over-year declines remained significant for the market.
Occupancy: 16.2% (-36.7%)
ADR: €65.77 (US$78) (-35.6%)
RevPAR: €10.68 (US$13) (-59.3%)
The absolute occupancy and RevPAR levels were the highest in Berlin since October 2020, while the ADR value was its highest since December 2020. Year-over-year percentage changes will turn positive in the coming months due to comparison with the earliest pandemic-affected months from last year.