Group hotel rates have not followed the strong growth in transient rates over the last couple of years, and as a result, a large differential between the two is present. Group demand has not recovered to pre-pandemic levels, and the large differential continued through year-to-date July data.
A Look at Rate Differences Between Group and Transient Segments in Three Major Hotel Markets
NYC, Washington, D.C. and Miami Still Have a Long Way To Go To Align With Historical Norms
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