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Topic - Hotel Performance Trends



Hotel Performance Trends

Weekly Global Hotel Performance Trends from STR: 23-29 July 2023

Global occupancy (excluding the U.S) climbed 0.3ppts to 72.8%, resulting in another post-pandemic high and a YoY gain of 5.2ppts. Comparing against pre-pandemic times, the matched week in July 2019 marked the high point of global occupancy at 75.9% (+3.1ppts higher compared to 2023). Global ADR remained over US$150 at US$154, which was up 10.5% YoY with RevPAR of US$111 up 19% YoY.


Hotel Performance Trends

Weekly Global Hotel Performance Trends from STR: 16-22 July 2023

Weekly global occupancy (excluding the U.S.) reached a post-pandemic high (72.5%) for the seventh time this year, narrowly clipping the previous peak recorded in the prior week (+0.1ppts WoW). The measure was up 5.4ppts YoY. ADR continued to grow strongly, up 11.6% YoY with RevPAR improving 20.5% YoY to US$113, which was the fourth highest result since March 2020.


Hotel Performance Trends

Weekly Global Hotel Performance Trends from STR: 9-15 July 2023

Global occupancy (excluding the U.S) reached another post-pandemic high of 72.4%, 1.5 ppts higher than the previous high achieved a week ago. The week’s occupancy was 5.7ppts higher than the level seen a year ago. ADR increased 9.3% YoY to US$155 with RevPAR of US$112, well above last year (+18.6%).




Hotel Performance Trends

Weekly Global Hotel Performance Trends from STR: 25 June - 1 July 2023

Global occupancy (excluding the U.S) at 70.7% was nearly at the post-pandemic high of 70.8% recorded two weeks ago. The measure was up 6.2ppts YoY with ADR rising 18.0% YoY to US$160. As a result, RevPAR continued to see strong year-over-year growth (+29.3%) and attaining US$113, its highest level since the March 2020.


Hotel Performance Trends

Weekly Global Hotel Performance Trends from STR: 18 - 24 June 2023

Global occupancy (excluding the U.S) was 69.0%, down slightly from last week’s post-pandemic high of 70.9%. Despite the week-on-week decrease, occupancy continued to strengthen, up 3.7ppts YoY. Nominal ADR was up 21.1% from the comparable week last year to US$163, resulting in RevPAR US$112, up 28.0% YoY, a post-pandemic high.



Hotel Performance Trends

Weekly Global Hotel Performance Trends from STR: 4 - 10 June 2023

Global occupancy (excluding the U.S.) was 68.5%, which was the fourth highest level since March 2020 and up 6.5ppts YoY. Weekly ADR was up 16.6% YoY to US$152, the second highest nominal level since the start of the pandemic. With strong growth in both occupancy and ADR, RevPAR achieved an all-time high of US$104, up 28.9% YoY.