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Sporting Events Elevate Madrid Hotel Performance in April :: Hospitality Trends

by Robert Van Pash (Editor)
May 15, 2024
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  Sporting Events Elevate Madrid Hotel Performance in April

Pushed by the Madrid Open and the UEFA Champions League quarterfinals, Madrid’s hotel industry posted double-digit performance growth in April, according to preliminary data from CoStar.

April 2024 (year-over-year % change):

  • Occupancy: 79.5% (+6.6%)
  • Average daily rate (ADR): EUR184.20 (+16.6%)
  • Revenue per available room (RevPAR): EUR146.43…

Read further.

#hotel #hoteltrade #hotelnews

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