Sporting events elevated Madrid hotel performance in April

WASHINGTON – Pushed by the Madrid Open and the UEFA Champions League quarterfinals, Madrid‘s hotel industry posted double-digit performance growth in April, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
April 2024 (year-over-year % change):Occupancy: 79.5% (+6.6%)
Average daily rate (ADR): 184.20 euros (+16.6%)
Revenue per available room (RevPAR): 146.43 euros (+24.2%)The