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NASHVILLE—STR and Tourism Economics downgraded the growth rate in the final U.S. For 2024, projected gains in averagedailyrate (ADR) and revenue per available room (RevPAR) were each downgraded, -0.5 hotel forecast revision of 2024. percentage points to +1.5 percent and down 0.6 ppts to +1.4
The region’s thriving tourism sector, coupled with the irreplaceable location of the Rydges Gold Coast Airport Hotel, were key drawcards for Star Group, guaranteeing strong, consistent demand from both domestic and international travellers,” Bunz said.
But in May, there was a significant decline in averagedailyrates and revenue per available room compared to April. Skift Take: We're always talking about growth in India, and the hotel industry has had a significant number of branded signings and openings this year. Bulbul Dhawan Read the Complete Story On Skift
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