As demand levels off, hoteliers remain focused

The hotel industry, from economy to luxury, is experiencing a normalization in rates and demand

Aug 16, 2023

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.

Get the full story at HNN

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