Momentum in average room rate growth has continued for Q1, albeit, with some moderation.
(Photo source:Unspalsh)
At an industry level, April witnessed strong momentum with 11-13% ARR growth YoY and 4-6% increase in occupancy, resulting in revenue per available room growth of 20-22% across the industry. May revealed a noticeable dip in occupancy YoY, reflecting seasonal softening combined with geopolitical tensions dampening travel demand.