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STR Weekly Insights: 26 November – 2 December 2023

Moving past Thanksgiving, U.S. hotel occupancy reached 54.2%, an expected increase of 4.8 percentage points (ppts) compared to the prior week but down 0.9 ppts versus last year. Average daily rate (ADR) increased 0.8% year over year (YoY), which was insufficient to grow RevPAR (-0.8%). Miami had a significant impact on performance this week due to the calendar shift of Art Basel, which resulted in a 50.6% RevPAR decrease for the market. ....

Comunidad Autonoma De Cataluna , New York , United States , United Arab Emirates , United Kingdom , New Jersey , Las Vegas , Bergen Passaic , Art Basel , Change Conference , Excluding Miami , York City , Big Apple , New York City ,

Weekly Global Hotel Performance Trends from STR: 26 November

Article - Weekly Global Hotel Performance Trends from STR: 26 November - 2 December 2023 - Global occupancy, excluding the U.S., reached 66.8%, up 5.5ppts YoY and down slightly week over week (-1.9ppts). ADR reached US$131, up 7.3% YoY with RevPAR at US$87 (+17.0% YoY). ....

United States , United Kingdom , United Arab Emirates , New York , New Jersey , Comunidad Autonoma De Cataluna , Las Vegas , Bergen Passaic , Global Hotel Industry Performance , Weekly Global Hotel Performance Trends , Art Basel , Change Conference , Excluding Miami , York City , Big Apple , New York City ,

In Trend Reversal, Big City Markets Lead US Weekly Hotel Performance

U.S. hotels in big city markets, which struggled more than other destinations in the pandemic and have been a drag on weekly performance far more often than not, provided a lift to the overall industry in the post-Thanksgiving week. ....

United States , New York , Great Recession , Trend Reversal , Big City Markets Lead , Hotel Performance , Art Basel , Excluding Miami , New York City , Excluding Sunday , Myrtle Beach , Market Recovery Monitor ,