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G20 Summit 2024 Spurs Record&High Room Rates in Rio de Janeiro's Hotel Industry
2024-12-11 15:57:07| Hotel Resource
The 2024 G20 Summit in Rio de Janeiro drives hotel industry's average daily rate (ADR) and revenue per available room (RevPAR) to their highest since August 2016.
Category:
Hospitality
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Madrid Hotels Hit Record Performance in November, Boosted by Industry Fairs
2024-12-11 14:58:01| Hotel Resource
According to preliminary data from CoStar, Madrid's hotel industry recorded its highest November average daily rate and revenue per available room to date.
Category:
Hospitality
Qatar's Hotel Industry Experiences Substantial Boost Linked to Formula 1 Grand Prix 2024
2024-12-11 14:52:12| Hotel Resource
The highest performance levels were noted on the Friday of the race weekend (29 November), with occupancy reaching 95.2%, the ADR at QAR682.31, and RevPAR at QAR649.47.
Category:
Hospitality