November group demand among Luxury and Upper Upscale hotels slowed versus October’s strong showing. Recall, October group demand was the highest of the past 60 months. While lower than that level, November group demand exceeded last year’s comparable with weekdays having the greatest impact, as has been the case since April. Group demand was below 2019 but not by much.
Year-to-date RevPAR growth came down from +5.5% in October to +5.3%. The downward trend is in line with STR’s…
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