Trey Osadchey

2 months ago | hospitalitynet.org | Zabada N. Abouelhana |Jack Burke |Trey Osadchey

In the years that followed the COVID-19 pandemic, the market experienced a gradual recovery, with ADR rebounding faster than demand due to strong pricing strategies and resilient leisure travel. By 2023, rooms revenue surpassed pre-pandemic levels despite hotel room-night demand remaining below the 2019 figure. In 2024, demand and occupancy remained relatively flat, with weaker convention-related travel.

2 months ago | hvs.com | Zabada N. Abouelhana |Jack Burke |Trey Osadchey

In the years that followed the COVID-19 pandemic, the market experienced a gradual recovery, with ADR rebounding faster than demand due to strong pricing strategies and resilient leisure travel. By 2023, rooms revenue surpassed pre-pandemic levels despite hotel room-night demand remaining below the 2019 figure. In 2024, demand and occupancy remained relatively flat, with weaker convention-related travel.