Weekly Global Hotel Performance Trends

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.

Occupancy for the top 10 countries based on total supply grew 6.4ppts YoY to 75.2%, which was the third highest level of the year. ADR grew YoY 6.8% to US$142, resulting in RevPAR of US$107 (+16.6% YoY).

Combined occupancy for countries outside of the top 10 has been climbing throughout the year and produced the highest post-pandemic result of 69% (+3.3ppts YoY).
Excluding national holidays, China recorded a post-pandemic occupancy high of 76.1%, which was up 10.4ppts YoY as this time in 2022 still had large Chinese cities facing lockdowns and “closed loop” manufacturing.
The U.K. continued to lead the Top 10 with occupancy at 83.2%, and after the first week of the summer holidays, YoY growth held at +0.8ppts for occupancy and +6% for ADR.
Italy continued to see some of the largest YoY gains in ADR throughout all of Europe, up 12.3% YoY, likely assisted by boosted transatlantic travel from dollarized countries.
Outside of the Top 10, the top performers in occupancy from each continent were:

Curacao at 82.1% (-0.2ppts YoY)
Singapore at 88.9% (+13.3ppts)
Ireland at 89% (+1.9ppts)
Egypt at 72.7% (+1.3ppts)

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