That tracks with some initial projections of 2024 rates. CWT and the Global Business Travel Association in a recent forecast projected global 2024 average daily hotel rates would increase 3.6 percent ...

The average daily rate was at $420, which is 13.3 percent higher than January 2022 and 31.1 percent higher than 2019. Occupancy was up 10 percentage points from 2022 at 74.8 percent, which was ...

U.S. hotel rate in March increased year over year, as did revenue per available room, according to hotel analytics firm STR. The U.S. occupancy rate declined year over year, however.