US hotel rates hit new high

U.S. hotels set another monthly record for the average daily rate (ADR) in July, according to hotel research firm STR, a further sign of the rapid recovery in the global hospitality industry as well as inflation that is driving prices up.…

UK hotel rates hit record high

UK hotel rates hit record highs in the second quarter, driven by rising demand and inflationary cost pressures.A report by BNP Paribas Real Estate found that the average occupancy rate for hotels in the UK rose to 80% in the second quarter,…