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)
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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 December 21, 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 December 21, 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: December 21, 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 December 21, 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/