STR Weekly Insights: 3-9 November 2024 ...Middle East

U.S. elections paused the healthy gains in revenue per available room (RevPAR) seen over the previous four weeks. RevPAR dropped 3.5% (all comparisons are year-over-year unless otherwise noted) entirely due to occupancy down 2.3 percentage points (ppts) with average daily rate (ADR) basically flat (-0.1%). Monday and Tuesday showed the largest retreats with double-digit RevPAR declines of -13.3% and -13.7%, respectively. Wednesday also produced a RevPAR decline, while the rest of the week improved with Thursday up 4.6% and the weekend up 0.6%.

Hence then, the article about str weekly insights 3 9 november 2024 was published today ( Wednesday 20/11/2024 - 12:28 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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