STR

Over a third of respondents noted ‘bleisure’ travel as a positive dynamic to their business.

In January, the Baird/STR Hotel Stock Index surpassed both the S&P 500 (+6.2%) and the MSCI US REIT Index (+10.5%).

The overall Phoenix market comprises 544 hotels accounting for 70,488 rooms.

Seven of the major markets realized both GOPPAR and TrevPAR levels higher than the 2019 comparables.

While Qatar led in terms of recovery, Dubai had a higher GOPPAR level (US$132.68) and came in a close second

Hotel occupancy surpasses pre-pandemic levels in December 2022.

The industry’s resilience has been underpinned by significant pent-up leisure travel over the summer along with the return of corporate

In December specifically, Canada followed its typical seasonal trend with slightly lower occupancy and RevPAR performance than November, but improved

RevPAR, the key top-line performance metric, was fully recovered in 2022 on a nominal basis but will not achieve that

Despite climbing back above the 60% mark, the country’s occupancy level remained below the pre-pandemic comparable.