Hotel industry statistics are numerical data points that provide insight into various aspects of the hotel industry, such as the number of hotels, the occupancy rates, average daily rates (ADR), revenue per available room (RevPAR), and other performance metrics. These statistics are used by hotel operators, investors, and industry owners analysts to evaluate market trends, identify growth opportunities, and make informed decisions about their businesses.
Some common hotel industry statistics include:
Number of hotels: This statistic represents the total number of hotels in a given market or region.
Occupancy rate: This is the percentage of available hotel rooms that are…
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