Hotel RevPAR Growth Remained Positive Despite Economic & Geopolitical Uncertainty
Executive Summary The overall hotel occupancy rate increased by 0.4% year-over-year in Q1 as demand growth of 1.0% outpaced supply growth of 0.6%. A 1.9% increase in average daily rate (ADR), coupled with the slight increase in occupancy, led to a 2...
Executive Summary The overall hotel occupancy rate increased by 0.4% year-over-year in Q1 as demand growth of 1.0% outpaced supply growth of 0.6%. A 1.9% increase in average daily rate (ADR), coupled with the slight increase in occupancy, led to a 2...
