The hotel industry has become a battleground in the battle for dollars, with a new study showing a steep rise in demand from tourists looking for a cheap alternative to traditional hotels.
The study by PricewaterhouseCoopers (PwC) and research firm RealtyTrac showed hotel occupancy and hotel revenue dropped by 13.4% and 8.9%, respectively, in the city of Cancun, Mexico, during the first quarter of this year.
Hotel occupancy and revenue dropped in Cancunt, Mexico.
The city’s hotel occupancy rate rose by 14.1%.
Hotel revenue dropped from $2.7 billion to $2 billion in the same period.
The average occupancy rate in the US rose from a high of 28.7% to 28.3%.
The hotel industry is facing a huge amount of competition in a country where hotel rates are already among the highest in the world.
And the trend is only likely to get worse as the government pushes to make it easier for hoteliers to stay in Cucuta.
In a recent survey by hotel industry analyst John DeLuca, a whopping 41% of hoteliers said they would be willing to make money off Airbnb and other short-term rental services.
The report also found that hotel occupancy declined by 1.7%, while hotel revenue declined by 0.7%.
Hotels in Cacucuta, Mexico’s second-largest city, recorded a decline of 12.3% in hotel occupancy from the previous quarter.
That’s about the same as the national average, which rose by 8.8%.
The occupancy decline in Caciuta, which was about 3.5 times the national rate, was the largest decline among the cities examined in the study, with the national decrease of 1.4%.
In Cancurys second-highest city, Aguascalientes, hotel occupancy fell by 4.2% and revenue fell by 7.7.
The decline was the biggest in the cities studied.
Hotels were also the worst performers in several other cities, including Valle de las Palmas, Laguna Beach and Guadalajara.
Hotres revenue dropped 10.7%; that’s the largest decrease among the seven cities examined.
The findings also suggest the occupancy decline is the result of fewer hotel rooms available, as more travelers are choosing to stay at home and away from the crowds in the Cancuns main tourist attraction.
Hotes are still the largest source of revenue for the industry, accounting for about one-third of total revenue, according to Pricewater’s report.
But the study also said there’s growing concern over the safety of short-stay hotels.
Hotecos safety data for 2015 shows that a quarter of all hotel rooms were reported as unsafe.
Hotels were found to have a high rate of assaults, drug use and violence, including robberies and gang violence.
Hotewas also told a story about the rise of the so-called “hotel queen” who sells “high-end” rooms for $10,000 a night.
In some cases, hotels may be renting rooms to people who are not guests.
In one case, a room for a guest rented to a man and a woman was rented for a mere $500.
In another, a man rented a room with a woman and his girlfriend for $250.
The researchers also said hotels should consider their occupancy and rental rates, as well as whether they have “hosts” who offer the same rooms for rent for a fee.
In the case of the hotel industry, hotels have been struggling with occupancy rates for several years, and with a growing demand for affordable housing.