STR Weekly Insights: 7-13 July 2024 ...Middle East

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STR Weekly Insights: 7-13 July 2024
source : hospitality net ( Middle East ) () 77
Hotel performance declined more than expected with the greatest decrease taking place at the beginning of the week (Sunday-Tuesday) and the greatest impact occurring in the Top 25 Markets. A similar pattern was seen in 2019, which followed the same day-of-week calendar, although the decline this year was much more severe. In both 2019 and this year, the impact of July 4th occurring on Thursday reverberated into the following week, particularly the first couple days.

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