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In the first week of October, U.S. hotel industry occupancy climbed to 67.8%, which was just 0.1 percentage points (ppts) higher than last year. Remember, the comparable week last year included the Yom Kippur observance on Tuesday and Wednesday (4-5 October 2022). ....
Article - Weekly Global Hotel Performance Trends from STR: 1-7 October 2023 - Global occupancy, excluding the U.S, increased 0.8ppts week on week to 69.5%. As compared to last year, occupancy was up 6.8ppts, the largest year-over-year increase since May 2023. ADR climbed to US$161, up 18.7% YoY. RevPAR grew 31.5% to US$112. ....
During the week of Labor Day, U.S. hotel occupancy declined 1.2 percentage points (ppts) year over year to 60.3%. The decrease was generally in line with our expectations given the normalization of travel. As compared to 2019, the occupancy difference was a scant 0.5ppts. This was one of only five weeks this year when the occupancy difference was within one percentage point of the 2019 comparable. ....
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