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ET Intelligence Group: After a recovery in leisure travel in 2022, there has been an improvement in corporate travel and rise in meetings, incentives, conferences, and exhibitions (MICEs). This should provide stability in earnings for hotels. According to industry estimates, the average room rate (ARR) in 2022 improved by 8-10% compared with the pre-Covid levels.It is expected to increase further. Analysts expect growth of 5-10% in ARR and 2-3%
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