Hotel RevPAR Growth Remained Positive Despite Economic & Geopolitical Uncertainty ...Middle East

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 2.2% increase in revenue per available room (RevPAR). Increased business travel in Q1 due to Easter falling in Q2 this year was partially offset by an 11.6% decline in inbound international travelers in March.

Hence then, the article about hotel revpar growth remained positive despite economic geopolitical uncertainty was published today ( Thursday 01/05/2025 - 03:58 PM ) and is available on hospitality net ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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