STR Weekly Insights: 12-18 November and 19-25 November 2023 ...Middle East

U.S. hotel performance the week before Thanksgiving showed a strong, 7.0% rate increase year over year (YoY). At the same time, occupancy remained essentially flat YoY (-0.4 percentage points), which limited RevPAR growth to 6.3%. Weekends and shoulder periods saw greater occupancy declines, while weekdays remained unchanged compared to last year (-0.1%), an indication that business travelers were on the road getting work done before the holiday.

Hence then, the article about str weekly insights 12 18 november and 19 25 november 2023 was published today ( Tuesday 05/12/2023 - 12:08 PM ) and is available on hospitality net ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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