Apart from a few incidents for some, indicators have been on a positive trend since June 2018 for hoteliers overall. The Occupancy Rate (OR) increased by +1.2 points compared to November 2017 and by +0.9 points Year To Date (YTD). Revenue per available room (RevPAR) increased by +5.2% compared to November 2017 and +4.5% at the YTD. The same is true for Average Daily Rates (ADRs), which rose by +3.5% compared to November 2017 and +3.3% YTD.
Once again the economy segment posted the best growth compared to November 2017 with +1.7 point for the OR and +3% for the ADR leading to a +5.5% increase in the RevPAR. The upscale segment follows with +1.4 point for the OR, +3.4% for the ADR, and +5.3% for the RevPAR. The budget and midscale...
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