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Weekly Global Hotel Performance Trends from STR: 17-23 September 2023

October 2, 2023

As compared to the week prior, global occupancy (excluding the U.S) grew slightly, up 1.2ppts to 72.1%. There continued to be strong year-over-year growth with the measure up 4.6ppts. ADR showed solid gains, rising 11.8% to US$150, which was the first time above US$150 in the past five weeks. RevPAR growth remained robust, up 19.3% YoY to US$108.

The top 10 countries, based on total supply, saw strong growth, too, with occupancy up 6.4ppts YoY to 74.3%, which was the sixth highest level since March 2020. ADR increased 8.6% YoY to US$144 resulting in RevPAR growth of 18.8% to $US207, which was US$6 lower than the U.S. RevPAR level.

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