As demand levels off, hoteliers remain focused
The hotel industry, from economy to luxury, is experiencing a normalization in rates and demand
Hoteliers at the 2023 Hotel Data Conference in Nashville, Tennessee recommend remaining focused as the top priority for the remainder of the year.
Key takeaways
- In the past five months, there has been neither a significant increase nor a decrease in the average daily rates of premium hotels;
- The industry is still growing significantly in 2019, but not at the double-digit rate seen last year;
- Many analysts anticipate that the luxury market will continue to perform well as consumers continue to pay higher rates.
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