11
Jul
Report details regional differences in pricing trends DENVER, July 11, 2023 (Newswire.com) - OTA Insight, the global leader in cloud-based business intelligence, today released its mid-year report on the state of global hotel pricing. The report provides a comprehensive overview of global hotel room rates in H1 2023, revealing industry trends and setting the stage for the remainder of the year. Key findings of the report show resilient consumer spending on travel despite tightening household budgets and economic headwinds. A notable rebound in the Average Daily Rate (ADR) for the global hotel industry has been observed, with room prices exceeding…
