Throughout the year, the word "bifurcation" has been top of mind for many hotel owners and operators in terms of recent performance trends. Isaac Collazo, STR's vice president of analytics. popularized the term several years ago when higher-end hotels started outperforming midscale and economy hotels. In addition, both group and business travel are getting stronger while leisure travelers are showing price sensitivity to higher hotel rates.
New York bucks national hotel performance trends by class
While higher-tier hotels led the nation, lower-tier hotels posted stronger rate increases in the city
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