According to data from CoStar, the hotel industry in Cali, Colombia, posted its highest average daily rate (ADR) and revenue per available room (RevPAR) on record during the 16th UN Biodiversity Conference (COP16).
Cali saw both daily and monthly records because of COP16.
Daily performance spiked on Monday, 28 October, across each of the three key performance metrics: occupancy (+210.6% to 95.8%), ADR (+307% to COP 1,143,946.80) and RevPAR (+1,164.3% to COP 1,095,344.81). These were the highest ADR and RevPAR levels ever recorded in the market, while occupancy was its highest since…
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