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In years past, Washington, D.C. hotel performance slowed prior to the U.S. presidential election, picking up on or after election day. Occupancy on the books shows a similar trend next week, with a noticeable boost around Inauguration Day in January. ICYMI: read how the election will impact tourism outside of North America here: https://bit.ly/3UhVoYa

The New York City Council officially passed the "Safe Hotels Act" earlier this week. HNN's Trevor Simpson outlines key components and the impact for the city's hotels here: https://bit.ly/3YDN7jT

U.S. RevPAR was lifted by continued hurricane recovery demand in the South with highest increases seen in Augusta, Knoxville and Sarasota. Weekend RevPAR hit a 28-week high driven by luxury hotels—Austin ADR stood out due to the Texas/Georgia game and F1 racing. Global performance remained steady, though China and Canada (partly due to calendar shifts) experienced RevPAR declines. Read more: https://bit.ly/3Yj4IME

Europe was the only world region to see a year-over-year decline in pipeline activity in September, due to a drop across the in construction and final planning phases. Read more: https://bit.ly/3YAfsHF

Canada hotel occupancy declined month over month for the first time since January. While the Yom Kippur calendar shift added additional business travel during September, one less weekend during the month may have counterbalanced that added demand. Read more: https://bit.ly/48m8V6K

We are thrilled to be at the Independent Hotel Show Munich on 20-21 November 2024. Stop by Stand E41 to demo the latest features in our transformative benchmark solution. Register for your complimentary #IHS24 ticket here: https://bit.ly/3BWzR0U #IndependentHotelShow #Hoteliers #HospitalityEvent #MunichEvents #HotelIndustry #Networking #Innovation #MediaPartner

With the recent rate cut in September, and with more on the way, investor sentiment remains positive, as evidenced by continued double-digit growth across the planning and final planning stages of the U.S. hotel pipeline. Read more: https://bit.ly/48iorAp

Better than three out of four global markets grew RevPAR over the past four weeks. Tokyo joined the list of top growth markets as Japan continues to attract more international demand with favorable exchange rates. Read more in our newest global “bubble chart” update: https://bit.ly/48l9CwX

Check out this recent update from Kostas Nikolaidis on the Middle East's hotel investment and development landscape ⤵️