STR Weekly Insights: 3-9 September 2023 ...Middle East

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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