19-05-2025
- Automotive
- Travel Daily News
Saudi Arabian Grand Prix drove Jeddah hotel occupancy to an April high
Driven by the Formula 1 Grand Prix, Jeddah hotels achieved record April occupancy and RevPAR, with peak performance during race weekend.
ARLINGTON, VA. – Pushed by the Formula 1 Grand Prix, Jeddah's hotel industry saw its highest April occupancy level on record, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
The 2025 Formula 1 stc Saudi Arabian Grand Prix took place in the city of Jeddah for the fifth time from April 18th-20th.
April 2025 (year-over-year % change):
Occupancy: 82.5% (+21.1%)
Average daily rate (ADR): SAR833.79 (+9.6%)
Revenue per available room (RevPAR): SAR688.23 (+32.7%)
In addition to occupancy, the market recorded its highest April RevPAR since 2014.
Jeddah's highest daily occupancy (96.5%) was posted on Sunday, 20 April, marking the highest level in the market since June 2014. ADR (SAR 1,604.34) and RevPAR (SAR 1,527.74) peaked on the second night of the event (Saturday, 19 April) and were the highest in Jeddah since March 2024.
Overall, the market's daily occupancy levels remained above 70% on all but three nights during the month.
