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Weekly Global Hotel Performance Trends from STR: 13-19 August 2023

August 28, 2023

Global performance (excluding the U.S) showed a marginal week-over-week decrease in occupancy, down 1.2ppts to 72.1%, which is in line with historical patterns and expected given the industry’s seasonality. While occupancy was down from the prior week, it was up 4.4ppts YoY. ADR was up 12.8% YoY to US$154 and has been above US$150 for the past 11 weeks. RevPAR came in at US$111, up 20.2% YoY.

The Top 10 countries, by supply, posted occupancy of 73.7%, up 5.4ppts YoY but down 2.4ppts from a week ago. ADR grew 9.5% YoY to US$143. RevPAR was the eighth highest result of the year at US$105 with growth of 18.2% YoY.

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