Bad Bunny and BTS boosted Madrid hotel room rates
CoStar data shows Madrid hit record June ADR of EUR199.97 and RevPAR of EUR164.32, driven by Bad Bunny's 10-night stadium run and BTS's Arirang World Tour shows.
CoStar data shows Madrid hit record June ADR of EUR199.97 and RevPAR of EUR164.32, driven by Bad Bunny's 10-night stadium run and BTS's Arirang World Tour shows.
The comprehensive annual performance analysis shows strong profit growth driven by room revenue gains, despite rising labor costs and new hotel supply additions.