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Hotel Performance Strengthens Further for Most Countries Outside of Asia – STR

November 30, 2022

STR’s global ‘bubble chart’ update through 19 November 2022 showed the strongest performance of the year thus far. Egypt, Argentina, Israel, Singapore, and the United Arab Emirates were the top five performing countries in revenue per available room (RevPAR) on an actual basis. Europe saw less representation at the top of the leader board, partly due to seasonality with the colder months arriving around the continent, but a continued strong position in relation to pre-pandemic comparables. Egypt benefited from hosting the UN Climate Change Conference COP27 in early November as its RevPAR reached $154.

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