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Sydney hotels pulled in record high averagedailyrate and revenue per available room on the night, according to December preliminary data from CoStar. CoStar reports occupancy levels of 78.8% The post Record high room rates for Sydney hotels on NYE appeared first on Hotel Management. for December 2024, up 2.1%
star segment recorded a significant 22% year-on-year increase in AverageDailyRate (ADR) with ratesaveraging NZ$405 for these premium properties, driving the overall 15% rise ADR for the market. Occupancy in this segment reached close to 78%.
Skift Take: India's hotel industry has gaps and enough potential to warrant significant growth over the next few years. But whether the players will be able to capitalize is a different question altogether. Bulbul Dhawan Read the Complete Story On Skift
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