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Reflecting the effects of the COVID-19 pandemic, hotels in the Asia Pacific region reported a significant decline in occupancy but fairly steady room rates during February 2020, according to data from STR. US dollar constant currency, February 2020 vs. February 2019 Occupancy: -37.7% to 41.2% Average daily rate (ADR): +1.9% to US$107.35 Revenue per available room […]
The post The impact of COVID-19 on hotel occupancy in APAC appeared first on Travel Daily.
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