STR Weekly Insights: 11-17 February 2024 ...Middle East

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STR Weekly Insights: 11-17 February 2024
Super Bowl Sunday, a high-performing Monday, and a soft President’s Day weekend were the most important factors in the latest week of data. U.S. RevPAR increased 1.6% year over year, driven entirely by ADR (+4.2%), while occupancy declined for an eighth consecutive week. Sunday produced the largest RevPAR gain of the week (+19%) followed by Monday (+11.6%). Super Bowl Sunday in Las Vegas drove the overall Sunday increase. Excluding Las Vegas, U.S. Sunday RevPAR decreased 4.8%.

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