Hotel Business
FEBRUARY 22, 2023
Travelers incrementally increased their hotel stays, with the average length of stay growing only slightly in 2022 to 1.93 Stays booked to Spain in August were the longest globally, at 2.65 Overall, travelers booked with more commitment to travel than the year prior.
SiteMinder
FEBRUARY 13, 2023
Travellers incrementally increased their hotel stays, with the average length of stay growing only slightly in 2022 to 1.93 Stays booked to Spain in August were the longest globally, at 2.65 Overall, travellers booked with more commitment to travel than the year prior.
SiteMinder
DECEMBER 4, 2023
Hotel average daily rate (ADR) is projected to grow by 4.9% RevPar is also expected to grow, reaching an average of $93. The average booking lead time for hotels is 29.7 The average length of stay is 1.93 The average cancellation rate is 20%. An annual revenue growth rate of 4.2%
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