STR Weekly Insights: 28 January – 3 February 2024 ...Middle East

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STR Weekly Insights: 28 January – 3 February 2024
U.S. hotels took an expected seasonal pause with occupancy 1.0 percentage points (ppts) lower compared to the prior week and flat from a year ago. This bridge week between January and February historically has produced a week-over-week decline. Even with this year’s decrease, average daily rate (ADR) continued to grow, up 1.9% year over year (YoY), resulting in a gain in revenue per available room (RevPAR) of 1.7%.

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