<ul>
<li>
<a href="https://hotelsmag.com/news/marriott-third-quarter-2023/">Marriott</a> and <a href="https://hotelsmag.com/news/hyatt-posts-strong-q3-driven-by-resilient-travel-demand-bets-on-china-to-further-growth-in-2024/">Hyatt</a> saw significant gains in Q3 2023
Marriott saw an 8.8% increase in RevPAR, worldwide, versus the same period a year ago. It reported a strong leisure and group demand.
Hyatt also posted strong Q3 results. Global RevPAR increased 8.9%. Hyatt continues to invest in Asia, which contributed significantly to the Q3 performance.
</li>
<li>
<a href="https://str.com/press-release/us-hotel-results-week-ending-28-october">STR: U.S. hotel results for week ending 28 October</a>
U.S. hotel performance decreased from the previous week but showed positive year-over-year comparisons, according to CoStar’s latest data through 28 October.
<ul>
<li>Among the Top 25 Markets, Minneapolis saw the largest year-over-year lift in occupancy (+12.7% to 64.5%).</li>
<li>New York City posted the highest ADR increase (+12.7% to US$365.05).</li>
<li>San Francisco reported the largest jump in RevPAR (+22.7% to US$178.32).</li>
<li>Tampa saw the steepest RevPAR decline (-16.9% to US$98.63).</li>
</ul>
22-28 October 2023 (percentage change from comparable weeks in 2022, 2019):
<ul>
<li>Occupancy: 66.0% (+0.7%, +5.3%)</li>
<li>Average daily rate (ADR): US$160.89 (+3.9%, +26.1%)</li>
<li>Revenue per available room (RevPAR): US$106.16 (+4.6%, +33.4%)</li>
</ul>
</li>
</ul>
<img src="/images/blogimages/2023-week-44-occupancy.svg" alt="STR Occupancy &#x26; ADR Recovery" width="2117" height="1059">

This week in Hospitality & Tourism #44 2023