Mid–year market snapshot of hotel room rates by OTA Insight
The world of global travel came roaring back to life last year, and it seems that 2023 has seamlessly continued the upward trend from 2022.
Our latest data reveals steady global room rate during the first half of 2023. However, it's important to note that significant variations persist among different regions and destinations. Some are surpassing the average, while others are lagging behind.
As intriguing trends begin to emerge, we offer you a glimpse into the key patterns of hotel room pricing across the globe for the first half of 2023.
We also compare these findings to the rates observed in 2019 and 2022, along with forecasted trends for the second half of 2023.
Gain valuable insights and see how your property stacks up in this ever changing landscape.