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

hospitality net - News
STR Weekly Insights: 3 - 9 March 2024
U.S. hotels continued to see week-on-week growth as the spring season blossoms, however, year-over-year growth stalled with revenue per available room (RevPAR) falling 2.8% via decreasing occupancy (-1.4ppts). Economy class hotels contributed the most to the gross demand loss (58%) with Midscale and Upper Midscale class hotels also contributing. Upper-tier hotels (Luxury, Upper Upscale and Upscale) continued to see growth, but their collective gain was insufficient to offset the losses in lower-tier hotels. Average daily rate (ADR) was also down (-0.6% YoY), representing the first YoY decrease in the metric since the last week of 2023.

Hence then, the article about str weekly insights 3 9 march 2024 was published today ( ) 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.

Read More Details
Finally We wish PressBee provided you with enough information of ( STR Weekly Insights: 3 - 9 March 2024 )

Apple Storegoogle play

Last updated :

Also on site :



Latest News