The hotel industry is facing a downturn as the 4-week average occupancy rate has dropped by 3.5% compared to the previous year. This figure also falls below the median occupancy rate for the years 2000 through 2024. Analysts predict a slight seasonal increase in the coming weeks. However, the rate is expected to stabilize until the summer travel season. There is concern that international tourism may decline during the summer months, potentially impacting occupancy rates further. These statistics highlight the challenges currently facing the hospitality sector.
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