STR Weekly Insights: 28 April – 4 May 2024 ...Middle East

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STR Weekly Insights: 28 April – 4 May 2024
U.S. hotels saw surprisingly modest performance this week following the previous down week during Passover. Revenue per available room (RevPAR) increased 0.5% year over year (YoY) as average daily rate (ADR) showed a slight increase (+1.3%) but was offset by an occupancy decline of 0.5 percentage points (ppts). Over the past eight weeks, performance has slowed with RevPAR on average increasing just 0.8%, a result of ADR up 0.9% and occupancy down 0.2%.

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