China Much Closer to Recovering ADR Than Europe and the U.S.

Home Hotel & Lodging China Much Closer to Recovering ADR Than Europe and the U.S.
China Much Closer to Recovering ADR Than Europe and the U.S.

In April 2020, as part of the significant economic damage caused by COVID-19, hotel average daily rate (ADR) in China, Europe, and the United States dropped 40% below pre-pandemic levels. Since that point, rates in all three regions have improved, b…