The G20 impact on host hotel markets
Hamburg, Germany – 7 July 2017 –
Host hotel markets of the G20 summit have reported a greater impact on average daily rate than occupancy levels, according to an analysis from STR.
Ahead of the upcoming G20 in Hamburg, Germany (7-8 July), STR analyzed rolling seven-day averages for eight previous host markets. To point to potential outcomes for Hamburg, analysts excluded three markets (Cannes, France; Los Cabos, Mexico; and Serik, Turkey) to maintain the benchmarking focus on larger hotel markets. The seven-day rolling average methodology accounted for hotel business generated during the five-day lead up … Read More