Helped by an increase in business travel, Bogotá’s hotel industry reported its highest average daily rate (ADR) and revenue per available
- Occupancy: 69.8%
- Average daily rate (ADR): COP 406,329.13
- Revenue per available room (RevPAR): COP 283,530.04
The market’s occupancy level was its highest since November 2022. Daily data shows five days with the metric above the 80% mark, with the highest level reported on Wednesday, 22 March (85.3%), further pointing to recovery in business demand.