The average cost of a room in high-budge hotels shows clear seasonal fluctuations and a general upward trend from 2023 to 2024, - according to the report by TBC Capital.
As of the document, in 2024, room prices are consistently higher compared to 2023, with notable increases in the summer months. In September 2024, the ADR of high-budget hotels reached USD 143, a slight 8% increase compared to September 2023.
As room prices continued to rise, the occupancy rate began to decline, reaching 66% in September 2024. This represents a 12 percentage point drop compared to September 2023.
