Holiday Travel Helps Boost Q4 Hotel Market Fundamentals
Executive Summary The overall hotel occupancy rate increased by 1.1% year-over-year in Q4 as demand growth of 2.1% outpaced supply growth of 1.0%. A 1.2% increase in average daily rate (ADR), coupled with the increase in occupancy, led to a 2.3% inc...
Executive Summary The overall hotel occupancy rate increased by 1.1% year-over-year in Q4 as demand growth of 2.1% outpaced supply growth of 1.0%. A 1.2% increase in average daily rate (ADR), coupled with the increase in occupancy, led to a 2.3% inc...
