Monthly room demand for hotels in the economy sector has been dropping since April 2022. After this 30-month deceleration, the sector's annualized occupancy stood at 57.3% in June, compared to 57.4% in June 2019.
Deceleration in Economy Hotel Demand Is Slowing
As Consumers Feel Pinched, Weekend Demand Registers Largest Shortfall
By Jan Freitag
CoStar Analytics
July 18, 2024 | 7:44 P.M.
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