As a result of the coronavirus (COVID-19) pandemic the hotel industry has taken a hit in 2020. In May 2020, the average daily rate (ADR) of hotels in Europe was 85.49 U.S. dollars. Daily hotel prices were lowest in the Asia Pacific region during the same month.
Average daily rates in the hotel industry tend to change throughout the year as they are closely linked to hotel occupancy rates. Specific regions are visited more frequently during certain times of year. For instance, hotel rooms in the Americas were rented more frequently during the summer months, compared to the colder winter months in 2019.
Monthly average daily rate of the hotel industry worldwide from 2018 to 2020, by region
(in U.S. dollars)
Characteristic
Asia Pacific
Americas
Europe
Middle East and Africa
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hotelnewsnow.com. (June 17, 2020). Monthly average daily rate of the hotel industry worldwide from 2018 to 2020, by region (in U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/206840/average-daily-rate-of-hotels-by-region/
hotelnewsnow.com. "Monthly average daily rate of the hotel industry worldwide from 2018 to 2020, by region (in U.S. dollars)." Chart. June 17, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/206840/average-daily-rate-of-hotels-by-region/
hotelnewsnow.com. (2020). Monthly average daily rate of the hotel industry worldwide from 2018 to 2020, by region (in U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/206840/average-daily-rate-of-hotels-by-region/
hotelnewsnow.com. "Monthly Average Daily Rate of The Hotel Industry Worldwide from 2018 to 2020, by Region (in U.S. Dollars)." Statista, Statista Inc., 17 Jun 2020, https://www.statista.com/statistics/206840/average-daily-rate-of-hotels-by-region/
hotelnewsnow.com, Monthly average daily rate of the hotel industry worldwide from 2018 to 2020, by region (in U.S. dollars) Statista, https://www.statista.com/statistics/206840/average-daily-rate-of-hotels-by-region/ (last visited July 22, 2024)
Monthly average daily rate of the hotel industry worldwide from 2018 to 2020, by region (in U.S. dollars) [Graph], hotelnewsnow.com, June 17, 2020. [Online]. Available: https://www.statista.com/statistics/206840/average-daily-rate-of-hotels-by-region/