HOTEL PROCUREMENT STRATEGIES IN COVID-19 TIMES
Since 2009, hoteliers have overseen a remarkable supplier’s marketplace, with average daily rate (ADR) and revenue per available room (RevPAR) growing every year for the vast majority of the world’s top business travel destinations. New hotels have opened in growing numbers all around the world; STR reports that the number of rooms in London has grown by a stunning 41% in the past decade alone.
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