Hotel Market Recovery Monitor – 3 December 2022

STR | December 9, 2022

Key Takeaways Room demand growth in the U.S. came in below expectations but was still strong Weekdays were weak, partly due to less group business Many Top 25 Markets showed a sizeable occupancy gap to 2019 ADR grew below inflation again U.S. Upscale hotels performed quite well Global occupancy dipped a bit more The U.K. led Europe in occupancy The Middle posted strong occupancy The week after Thanksgiving (27 November-3 December) was somewhat typical for the U.S. hotel industry. Occupancy increased to 55.4% from 50.3% in the week prior. Room demand was up 10% week over week (WoW), which was below our ex...