STR Weekly Insights: 9-15 July 2023 ...Middle East

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After the normal softness around the Fourth of July, U.S. occupancy rebounded to 72.0%, which was an increase of 10.2 percentage points (ppts) week over week (WoW). That was the highest WoW gain thus far in 2023 and the third highest since March 2020. Occupancy was basically flat (+0.1%) year over year but down nearly 2ppts versus the same week in 2019.

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