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Article - STR Commentary on U.S. Performance for October 2023 - RevPAR growth decelerated on falling demand due mostly to a calendar shift. Both TRevPAR and GOPPAR showed the highest year-over-year growth since March.
Article - Weekly Global Hotel Performance Trends from STR: 5-11 November 2023 - Global occupancy, excluding the U.S., also improved following a year-over-year decline the week before. Occupancy increased 3.9ppts WoW to 68%. Year over year, occupancy also continued to improve at a much faster rate than the U.S., increasing 7ppts compared to the same week last year. Weekly global ADR increased 10% YoY, keeping RevPAR growth in double figures (+17.6%).
The real estate services firm’s annual hotel operator survey saw international and regional hotel operators – all of which are active in France – give their views on sector opportunities and challenges in the market.
U.S. hotel industry occupancy (59.7%) took an expected step back, decreasing 2.5 percentage points (ppts) from last year. In line with historical trends, that was a predicted outcome due to Halloween falling on Tuesday. The last time Halloween fell on a Tuesday was in 2017, and occupancy decreased 2.6 ppts year over year.
Article - Weekly Global Hotel Performance Trends from STR: 29 October - 4 November 2023 - While lower than a week prior, global occupancy, excluding the U.S., was up 4.2ppts year over year to 64.1%. Occupancy fell 6ppts versus the previous week, which is better than the 6.8ppts drop seen the last time Halloween was on a Tuesday (2017).