STR

The Hotel Brand sub-index dropped 2.4% from August to 10,974, while the Hotel REIT sub-index decreased 0.4% to 1,023.

The Hotel Brand sub-index dropped 2.2% from July to 11,242, while the Hotel REIT sub-index decreased 9.1% to 1,027.

For 2023, growth in revenue per available room (RevPAR) was lowered by 0.5 percentage points, due to a 0.6ppt downgrade

The Hotel Brand sub-index jumped 7.4% from May to 10,545, while the Hotel REIT sub-index grew 1.8% to 1,072.

Τhe market’s occupancy levels surpassed the 90% mark 10 times in June and saw all but four days above 70%.

Saudi Arabia (US$71.75) was the only other market to show a higher GOPPAR index over the previous month, at 102%

Among the provinces and territories, Newfoundland and Labrador recorded the highest May occupancy level (79.9%), which was up 46.0% year

In May, the Baird/STR Hotel Stock Index fell behind the S&P 500 (+0.2%) but came in above the MSCI US

While room rates were lower than the month prior, Jeddah’s RevPAR was its highest since September 2019.

May was the first month this year with the market’s ADR above GBP200. In addition, the occupancy level was London’s