December produced the lowest monthly RevPAR gain of 2023 (+0.3%). Remember, the year started with easy comparables due to the Omicron impact in Q1 2022, but performance growth softened as 2023 progressed due to calendar shifts, increased outbound travel, and other factors revealing the beginning of a return to normal industry patterns.
Operator: Good morning and a warm welcome to the Hersha Hospitality Trust Fourth Quarter 2022 Earnings Conference Call and Webcast. My name is Candis, and I will be your operator for today s call.