In the capital, the performance of 5-star hospitality is making a strong recovery in 2022 and is expected to consolidate in 2023. But the numerous luxury hotel developments, which will bring about 1,800 new rooms to the center over the next 4 years, could be too many for the capacity historical growth of the destination, with possible decreases in the occupancy rate, according to the THRENDS study.
The study shows that, even in a context of strong and sustained recovery in demand, due to the unprecedented increase in new significant supply volumes, there could be a decline in employment rates down to a level of 59-60% between 2024 and 2026.
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