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As anticipated, U.S. hotel performance softened during the week of October 24-30 as Halloween has historically cut into demand. At the same time, comparisons with the matching week in 2019 improved because Halloween that year fell on a Thursday and created a more significant disruption in business travel and groups. Occupancy came in at 58.9%, which was 5.7% lower than the 2019 comparable, while the country’s average daily rate of $127.70 was 1.5% higher using that same time comparison.
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