G20 Summit 2024 Spurs Record-High Room Rates in Rio de Janeiro’s Hotel Industry
The 2024 G20 Summit in Rio de Janeiro drives hotel industry’s average daily rate (ADR) and revenue per available room (RevPAR) to their highest since August 2016.
The Summit also prompts the market’s highest occupancy rate for the year.
The 2024 G20 Summit, held in Rio de Janeiro, Brazil, significantly bolstered the city’s hotel industry, pushing the average daily rate (ADR) and revenue per available room (RevPAR) to their highest levels since August 2016, according to preliminary data released by CoStar, a leading provider of online real estate…
