Home > Area & Property Analysis > Kanagawa Sept 2026 Settled ADR: City +15.8%, Business +6.5% Rebound

Kanagawa Sept 2026 Settled ADR: City +15.8%, Business +6.5% Rebound

Posted: 2026.10.26

Area & Property Analysis

Settled ADR at hotels in Kanagawa rebounded in September 2026, now a settled month: city hotels came in at ¥14,932 (N=42), +15.8% from ¥12,890 (N=40) a year earlier, and business hotels at ¥9,249 (N=209), +6.5% from ¥8,685 (N=210). That reverses August, when both segments fell below the prior year (city −3.3%, business −4.8%). The September turnaround reads less as a sudden pickup in demand than as two things coinciding: the five-day holiday from Saturday, September 19 to Wednesday, September 23 lifted occupancy for the month, and September 2025 was a “trough” month in which rates dropped sharply from August. This article lines up YoY between settled months from January to September, breaks the September rebound into three factors — day-of-week mix, the long holiday and last year’s level — and sets out where to place floor rates for October–December.

Coverage: Kanagawa city hotels N=42 properties and business hotels N=209 properties (properties in the September 2026 settled ADR calculation). Price metrics in this article are settled ADR (the estimated settled price level derived from OTA and other sales data, tax-excluded equivalent, monthly); occupancy is an estimate based on OTA-listed inventory. Definitions are at the end of the article. Data as of October 24, 2026 (latest booking-curve observation: October 23).

About the data in this article
• ADR (average daily rate) = an estimated settled rate (tax-excluded equivalent) calculated by applying segment-specific correction factors to the lowest-plan level each property publishes on OTAs (per room, two adults sharing, tax-included). Checked against property-level results disclosed by listed hotel REITs (91 properties, most recent 3 months), the median error is about 7%. These are estimates and differ from each property’s actual settled prices and accounting figures.
• Area-level (prefecture, municipality) ADR is the median of the estimated settled rates of the properties covered (the level of a typical property in the area).
• Where listed prices are mentioned, they are per-room rates for two adults sharing (tax-included).
• OCC (occupancy) = the share of rooms sold out of total rooms in the area (an estimate based on OTA sales inventory).
• Source: MetroEngines Research (continuous tracking of OTA public prices for roughly 168,000 properties, of which about 27,000 are confirmed operating)
Key Takeaways
  • — City +15.8%, business +6.5%: Settled ADR for September 2026 was ¥14,932 for city hotels (N=42) and ¥9,249 for business hotels (N=209). Both segments rebounded from August’s YoY declines (−3.3%, −4.8%).
  • — Most of the gain comes from last September’s “trough”: In 2025, city hotels fell from ¥15,180 in August to ¥12,890 in September; in 2026 they held roughly flat at ¥14,683 in August and ¥14,932 in September.
  • — The five-day holiday lifted occupancy: Estimated OCC (OTA-listed inventory basis) for stays on September 19–22, 2026 was 93.5% for city hotels and 92.6% for business hotels, 9.2pt and 6.4pt above all other nights.
  • — November has one fewer three-day weekend than last year: The standalone holiday on November 3 (Tue) stands at 78.6% (city) and 68.4% (business) in the latest observation, leaving more room to sell than the long-weekend nights.
  • — Set floor rates from last year’s settled values: Last year’s settled city values were ¥14,774 in October, ¥17,474 in November and ¥14,801 in December. Treat current October–December estimates only as an upper reference.

Nine settled months of YoY — city hotels’ double-digit growth ran its course and dipped negative in summer

Lining up YoY between settled months (past months, settled values) from January to September, city hotels held double-digit growth through the first half — +36.3% in January, +20.1% in February, +13.5% in March, +19.7% in April, +13.2% in May and +20.9% in June — before slowing to +3.9% in July and falling below the prior year for the first time in August at −3.3%. Business hotels, by contrast, peaked at +7.2% in January and +8.4% in April, then came in below the prior year for three straight summer months at −1.7% in June, −0.9% in July and −4.8% in August, stalling earlier than city hotels. The YoY gap between the two segments narrowed from 29.1pt in January to 1.5pt in August, meaning the edge that city hotels had as the driver of price growth faded over the summer. The picture in June, when this polarization began, is analyzed in detail in Kanagawa ADR Splits: City Hotels +20.9%, Business −1.7% in June 2026.

Then in September, city hotels came in at ¥14,932 (+15.8%) and business hotels at ¥9,249 (+6.5%), with both segments back in positive territory. The rebound came right after August’s data showed double-digit YoY growth had run its course. Whether this gain reflects a renewed acceleration in demand or the shape of last year’s figures will shape rate design for the second half.

Kanagawa settled ADR, YoY (settled months, Jan–Sep 2026)
MonthCity 2026 (N)City 2025 (N)YoYBusiness 2026 (N)Business 2025 (N)YoY
Jan¥15,665 (40)¥11,490 (40)+36.3%¥8,924 (210)¥8,326 (212)+7.2%
Feb¥14,804 (40)¥12,322 (42)+20.1%¥8,921 (212)¥8,756 (213)+1.9%
Mar¥15,007 (40)¥13,225 (42)+13.5%¥9,543 (213)¥8,981 (213)+6.3%
Apr¥17,100 (42)¥14,281 (41)+19.7%¥10,250 (212)¥9,459 (213)+8.4%
May¥16,482 (42)¥14,564 (41)+13.2%¥9,635 (211)¥9,385 (213)+2.7%
Jun¥15,806 (42)¥13,075 (41)+20.9%¥8,805 (210)¥8,958 (212)−1.7%
Jul¥15,002 (42)¥14,437 (41)+3.9%¥9,128 (210)¥9,212 (212)−0.9%
Aug¥14,683 (42)¥15,180 (40)−3.3%¥9,274 (210)¥9,746 (212)−4.8%
Sep¥14,932 (42)¥12,890 (40)+15.8%¥9,249 (209)¥8,685 (210)+6.5%

Kanagawa settled ADR (tax-excluded equivalent, monthly). Comparison between settled months. Figures in parentheses are the number of properties in the calculation. Source: MetroEngines Research; compiled by HotelBank Editorial Team

City hotels year over year — September 2026 held close to August’s level and cleared last year’s trough

Overlaying monthly city hotel figures for 2025 and 2026 reveals the structure of the rebound. In 2025, rates peaked at ¥15,180 in August and then dropped sharply to ¥12,890 in September — the lowest month since February that year (¥12,322). In 2026, August (¥14,683) and September (¥14,932) were roughly level, with no “step down” from summer into autumn. In other words, most of the +15.8% gain comes not from September 2026 being high but from the comparison base, September 2025, being low. Indeed, September 2026’s ¥14,932 is below April’s ¥17,100 and June’s ¥15,806, placing it mid-range for the year.

Kanagawa city hotels, settled ADR (tax-excluded equivalent). Solid line = settled values; dotted line = estimates based on current sales (October–December, N=40–41). Source: MetroEngines Research; compiled by HotelBank Editorial Team

The dotted line from October onward shows estimates based on current sales: ¥17,214 in October (N=41), ¥16,440 in November (N=41) and ¥17,326 in December (N=40). These are levels estimated from prices currently on sale and are calculated on a different basis from values that settle at month-end, so a direct comparison with last year’s settled values (¥14,774 in October, ¥17,474 in November, ¥14,801 in December) should wait for month-end settlement. That said, the fact that last November was the highest month of the year is a pattern that can be used as-is when setting second-half floor rates.

Business hotels year over year — three summer months of decline erased in one September

Business hotels show the same structure. In 2025, rates fell from ¥9,746 in August to ¥8,685 in September, while in 2026 they held flat at ¥9,274 in August and ¥9,249 in September. As a result, the YoY declines of −1.7%, −0.9% and −4.8% from June to August swung to +6.5% in September. The difference from city hotels is the smaller amplitude: business hotel YoY has stayed within a range of +8.4% to −4.8% since the start of the year. For a segment whose price level is stable at around ¥9,000, the YoY swings caused by holidays or last year’s shape are relatively small as well.

Kanagawa business hotels, settled ADR (tax-excluded equivalent). Solid line = settled values; dotted line = estimates based on current sales (October–December, N=201–204). Source: MetroEngines Research; compiled by HotelBank Editorial Team

Business hotel estimates for October–December are ¥12,098 in October (N=204), ¥11,661 in November (N=204) and ¥11,721 in December (N=201) — a big jump from September’s settled ¥9,249. This arises at the seam between the settled and estimated calculation bases. Because prices on sale tend to move down as the stay date approaches, it would be wrong to read this gap as “October will be up 30%.” Build YoY only between settled values and treat estimates as an upper reference level.

Breaking down the September rebound — day-of-week mix, the five-day holiday and last year’s level

Let us now look at why both segments turned positive in September, split into three factors: day-of-week mix, holidays and last year’s level. First, day-of-week mix: September 2025 and September 2026 each had 8 weekend days, so there is no difference in the number of weekends. Second, the holiday pattern differed. In September 2025, Respect for the Aged Day fell on the 15th (Mon), giving a three-day weekend on September 13–15, and Autumnal Equinox Day fell on the 23rd (Tue) as a standalone holiday. In September 2026, Respect for the Aged Day fell on the 21st (Mon) and Autumnal Equinox Day on the 23rd (Wed), making the 22nd (Tue) in between a national holiday and creating a five-day holiday from Saturday, September 19 to Wednesday, September 23.

The impact of this five-day holiday on occupancy can be seen in estimated OCC on an OTA-listed inventory basis. Kanagawa city hotels (27–29 properties, 5,162–6,071 rooms) averaged 85.5% for September 2026, while the four nights of September 19–22 averaged 93.5%, 9.2pt above the 84.3% average on all other nights. The night of September 22 (Tue) reached 97.1%, the month’s high, meaning sellable inventory was almost exhausted. Business hotels (115–124 properties, 15,719–16,651 rooms) averaged 87.0% for the month, while the same four nights averaged 92.6%, 6.4pt above the 86.2% on other nights — the holiday lifted occupancy across segments. The final night of the holiday, September 23 (Wed), dropped to 79.6% for city hotels (the second-lowest of the month after 74.3% on September 1) and 74.4% for business hotels (the monthly low), showing the usual weakness of a last night followed by a weekday.

Kanagawa, daily estimated OCC for September 2026 (OTA-listed inventory basis). City 27–29 properties, business 115–124 properties. Source: MetroEngines Research; compiled by HotelBank Editorial Team

The third factor, last year’s level, was covered in the year-over-year comparison above. September 2025 was a month in which both city and business hotels dropped sharply from August, whereas September 2026 held August’s level. With the five-day holiday lifting occupancy for the month, hotels could finish September without cutting rates. The +15.8% for city hotels and +6.5% for business hotels are the result of a demand factor (the holiday) and a comparison-base factor (last year’s trough) working at the same time. It would therefore be premature to carry these growth rates forward as expectations for October onward; it is more useful for second-half pricing to estimate, using your own numbers, “how far YoY would have narrowed without the holiday.” The five-day holiday lifting September YoY was not unique to Kanagawa — Business Hotel ADR Sep 2026: 44 Prefectures Up YoY, Median +7.9% lays out the distribution across all 47 prefectures.

Kanagawa estimated OCC by day of week (stay nights in September 2026)
Day of week (Sep 2026 stays)City est. OCCBusiness est. OCC
Monday84.4%85.8%
Tuesday85.9%89.5%
Wednesday82.4%87.1%
Thursday82.2%86.5%
Friday86.0%85.9%
Saturday91.9%90.2%
Sunday86.6%83.6%
Monthly average85.5%87.0%

Day-of-week figures are simple averages of daily estimated OCC for each weekday. Sunday includes September 20, during the holiday. Source: MetroEngines Research; compiled by HotelBank Editorial Team

By day of week, city hotels ran 91.9% on Saturdays against an 83.8% Monday–Thursday average, a weekend–weekday gap of just over 8pt. Business hotels had Saturday (90.2%) and Tuesday (89.5%) side by side, with Sunday lowest at 83.6% — two peaks formed by strong Tuesday business-travel demand and Saturday leisure demand. This day-of-week shape is the foundation for tiering floor rates by weekday from October onward (for how to read weekday troughs excluding holidays, see also Miyagi Business Hotels Sep: Thu 95.2%, Sun 86.4% — 82.8% Ex-Holiday).

October progress and November booking curves — holiday nights are filled; weekdays and the standalone holiday still have room

Next, we check current progress as input for October–December rates. Estimated OCC for stays on October 1–24 averaged 90.2% for city hotels (26–27 properties, 5,112–5,162 rooms) and 92.6% for business hotels (118–122 properties, 16,025–16,510 rooms), running above September’s monthly averages (85.5%, 87.0%). By day of week, business hotels stand out at 96.7% on Wednesdays and 97.2% on Thursdays, reflecting strong midweek business travel, while Monday is lowest at 84.8%. For city hotels, Saturday was highest at 96.3% and Monday lowest at 83.7%. October had 9 weekend days, one more than last year’s 8, plus a three-day weekend including Sports Day on the 12th (Mon) — a calendar tailwind that showed up in occupancy.

For November, we compared five stay dates using booking curves based on observations from 45 days before the stay date up to the latest observation (October 23). November 21 (Sat), the first night of a three-day weekend, went from 93.9% at 45 days out to 96.0% at the latest observation (29 days out) for city hotels and from 93.4% to 97.5% for business hotels, leaving almost no inventory. November 22 (Sun) has also reached 90.7% (city) and 84.6% (business) as of 30 days out, so selling for the middle night is largely done. By contrast, November 3 (Tue, Culture Day) is a standalone holiday: city hotels went from 59.7% at 45 days out to 78.6% at the latest observation (11 days out) and business hotels from 49.9% to 68.4% — 17–29pt below the first night of the three-day weekend on November 21 (city 96.0%, business 97.5%). The weekday November 11 (Wed) stands at 85.2% (city) and 79.9% (business) as of 19 days out, decent progress with under three weeks to go.

Kanagawa booking curves for November stay dates (estimated OCC; latest observation October 23, 2026)
Stay dateSegment45 days out30 days outLatest observation (days out)Pickup
11/3 (Tue, Culture Day)City59.7%67.3%78.6% (11 days out)+18.9pt
Business49.9%56.2%68.4% (11 days out)+18.5pt
11/11 (Wed)City70.6%76.0%85.2% (19 days out)+14.6pt
Business58.9%69.2%79.9% (19 days out)+21.0pt
11/21 (Sat, first night of 3-day weekend)City93.9%96.0%96.0% (29 days out)+2.1pt
Business93.4%97.6%97.5% (29 days out)+4.1pt
11/22 (Sun, middle night)City87.1%90.7%90.7% (30 days out)+3.6pt
Business79.5%84.6%84.6% (30 days out)+5.1pt
11/28 (Sat)City83.3%—87.1% (36 days out)+3.8pt
Business71.9%—78.0% (36 days out)+6.1pt

Estimated OCC (OTA-listed inventory basis). Fixed cohorts of 26 city hotels (5,112 rooms) and 118 business hotels (16,025 rooms). Pickup is the difference from 45 days out to the latest observation. Source: MetroEngines Research; compiled by HotelBank Editorial Team

To sum up, in November the two long-weekend nights are already filled to a high level, and the remaining room to sell lies in standalone holidays such as November 3, weekdays, and the Saturday of the week after the long weekend (November 28 at 87.1% for city and 78.0% for business, as of 36 days out). Last November had two three-day weekends (November 1–3 and 22–24), but in November 2026 the 3rd falls on a Tuesday as a standalone holiday, leaving only one three-day weekend. If the number of long weekends was behind last November’s city figure of ¥17,474 being the year’s high, then for November 2026’s settled value to beat the prior year, the question will be how well rates can be held on non-holiday nights.

For revenue managers at Kanagawa city and business hotels — implications and action plan

Operational insights

First, September’s YoY is not a second-half expectation. A large part of the +15.8% (city) and +6.5% (business) comes from last September’s trough and the five-day holiday, so when assessing your own September results, separate out “how the rate on nights excluding the 4 holiday nights compared with the same period last year.” If the rate on non-holiday nights was in line with last year, a flat baseline for the second half is the safer reading.

Second, use last year’s settled values for the same month as the yardstick for floor rates. Last year’s settled market values were ¥14,774 in October, ¥17,474 in November and ¥14,801 in December for city hotels, and ¥9,013, ¥9,413 and ¥9,064 for business hotels. If you measure once how many times the market median your price level is, using September’s settled values (city ¥14,932, business ¥9,249), you can convert each month’s floor to your own level. Treat current estimates (city ¥17,214 in October, etc.) only as an upper reference and do not compare them directly with settled values.

Third, November has one fewer long weekend than last year. For city hotels, whose November was the year’s high last year, YoY will hinge on holding rates on weekdays, the standalone holiday and the Saturday after the long weekend. November 3 (Tue) stands at 78.6% (city) and 68.4% (business) as of 11 days out, with more room than the long-weekend nights; whether to fill it with last-minute discounts or hold price and wait for late demand will affect the rate for the whole month.

Fourth, turn the day-of-week shape into tiers. September’s estimated OCC showed gaps between Saturday (91.9%) and Monday–Thursday (83.8%) for city hotels and between Tuesday (89.5%) and Sunday (83.6%) for business hotels, and in October business hotels reached 96–97% on Wednesdays and Thursdays. Rather than setting a single floor across all weekdays, raising the floor one step on days that fill easily and keeping it unchanged on weak days with a longer sales window can help protect rates in months without long weekends.

Action plan for October–December
TimeframeActionDecision trigger (figures from this article)Aim
Today to this weekSplit September actuals into the “4 holiday nights” and “all other nights” and compare each with the same period last yearThe market ran 93.5% (city) and 92.6% (business) over the 4 holiday nights versus 84.3% and 86.2% on other nights. If your non-holiday rate was below last year, build Q4 on a flat assumptionAvoid overstating YoY
Decide the sales approach for November 3 (Tue)The market stood at 78.6% (city) and 68.4% (business) 11 days out. If you are below that, there is room to review channels and plans before cutting priceHold rate on a standalone holiday
Within two weeksReset November floor rates on the basis of last year’s settled valuesLast year’s settled November market values were ¥17,474 (city) and ¥9,413 (business). Multiply by the ratio of your September rate to the September market value (¥14,932 / ¥9,249) to get a floor guideProtect the bottom in a month with one fewer long weekend
Narrow remaining inventory on November 21–22 toward higher-tier plansThe market is at 96.0% (city) / 97.5% (business) on the 21st and 90.7% / 84.6% on the 22nd. If you have more left than that, prioritize selling the 22nd (Sun)Maximize rate on the two holiday nights
Toward next monthTier December floor rates by day of weekLast year’s settled December market values were ¥14,801 (city) and ¥9,064 (business). Set Saturdays (91.9% / 90.2% in September) one step higher; keep Sunday and Monday unchanged and sell over a longer windowAvoid early discounting on weak days
Record the gap to the estimate once October settlesCurrent estimates are ¥17,214 (city) and ¥12,098 (business). Noting how far the settled value lands below them gives you a correction for reading the November–December estimatesCalibrate how you read estimates

All decision-trigger figures are market values presented in this article. Source: MetroEngines Research; compiled by HotelBank Editorial Team

Summary — three yardsticks for reading the September rebound

Kanagawa’s settled September saw both segments return to positive YoY, at ¥14,932 (+15.8%) for city hotels and ¥9,249 (+6.5%) for business hotels. Three yardsticks help put this to use in the second half. The first is “last year’s shape”: September 2025 was a trough month that fell from August, which inflated the growth rate, while September 2026’s level itself is mid-range for the year. The second is “whether there is a long weekend”: the four nights of the five-day holiday produced occupancy 9.2pt (city) and 6.4pt (business) above all other nights, but November has one fewer long weekend than last year, so rates on non-holiday nights will drive YoY. The third is “distinguishing settled values from estimates”: current October–December estimates (city ¥17,214, ¥16,440, ¥17,326; business ¥12,098, ¥11,661, ¥11,721) should serve only as an upper reference, and floor rates are best set by converting last year’s settled values (city ¥14,774, ¥17,474, ¥14,801; business ¥9,013, ¥9,413, ¥9,064) to your own price level. Once October settles, we will check where the estimates landed in our next monthly report.

Frequently asked questions

Q. How did settled ADR at Kanagawa hotels move year on year in September 2026?
A. On a settled basis, city hotels came in at ¥14,932 (N=42), +15.8% YoY, and business hotels at ¥9,249 (N=209), +6.5%. In August both segments had been below the prior year (city −3.3%, business −4.8%), so September marked a rebound in both.

Q. Why did YoY turn positive in September?
A. The number of weekend days was the same (8) in both 2025 and 2026, so there are two main causes: the five-day holiday from September 19 (Sat) to 23 (Wed) lifted occupancy, and September 2025 was a “trough” month in which rates fell sharply from August. The level of September 2026 itself sits mid-range within the year.

Q. Can I compare the October–December estimates with last year’s settled values?
A. Better not to. The October–December values (city ¥17,214, ¥16,440, ¥17,326, etc.) are estimates based on current sales and are calculated on a different basis from values that settle at month-end. Build YoY only between settled months and treat estimates as an upper reference level.

Q. Where is there still room to sell in November?
A. The November 21–22 long weekend is already filled to a high level. The room is on the standalone November 3 holiday (latest observation: city 78.6%, business 68.4%), weekdays, and Saturday, November 28, the week after the long weekend. November 2026 has one fewer three-day weekend than last year.

Q. Is estimated OCC the same as actual room occupancy?
A. No. Estimated OCC is calculated from OTA-listed rooms remaining and is an estimate on an OTA-listed-inventory basis. Because rooms not listed are counted as sold, it reads higher than actual room occupancy. This article states the number of properties and rooms covered alongside each figure.

About the data

Data definitions and notes
ItemDefinition / note
Estimated OCC (OTA-listed inventory basis)OTA-listed-inventory occupancy = 100 − 100 × OTA-listed rooms remaining ÷ total rooms. Covers a fixed cohort of properties that list at least 30% of their rooms on OTAs (the same set of properties on every stay date; the counts are given in the text). It is an estimate based on how OTA-sold inventory is absorbed and differs in definition from actual room occupancy (rooms not listed are counted as sold, so it reads high). Months covered: September 2026 (stays on the 1st–30th) and October 2026 (stays on the 1st–24th).
Booking curveBased on observations from 45 days before the stay date up to the latest date. Latest observation date: October 23, 2026. Covers 26 city hotels (5,112 rooms) and 118 business hotels (16,025 rooms) in Kanagawa (fixed cohort based on listings on major booking sites).
Settled ADREstimated settled price level (tax-excluded equivalent) derived from OTA and other sales data (lowest-plan level × segment coefficient, ensemble of multiple channels). Past months are settled values; the current and future months are estimates based on current sales. Median error of 6.6% against published operating results. YoY is calculated only between settled months; no comparison is made with estimates.
Properties coveredSettled ADR: city hotels N=40–42 (settled months January 2025–September 2026), October–December estimates N=40–41 / business hotels N=207–213 (settled months), October–December estimates N=201–204. Estimated OCC (September 2026): city 27–29 properties / 5,162–6,071 rooms, business 115–124 properties / 15,719–16,651 rooms. Estimated OCC (October 1–24, 2026): city 26–27 properties / 5,112–5,162 rooms, business 118–122 properties / 16,025–16,510 rooms.
Data as ofData as of October 24, 2026. Sales and inventory change daily, so the figures in this article are a snapshot at the time of retrieval. The holiday calendar follows the Cabinet Office’s “About National Holidays”.

Source: MetroEngines Research; compiled by HotelBank Editorial Team

References and sources

■ Data sources

MetroEngines Research settled ADR (monthly area medians for Kanagawa city and business hotels, January 2025–December 2026), daily estimated OCC on an OTA-listed inventory basis (stays in September 2026 and October 1–24, 2026), and booking curves from 45 days before the stay date (latest observation October 23, 2026). The holiday calendar follows the Cabinet Office’s “About National Holidays”.

■ Assumptions

YoY is calculated only between settled (past) months; current October–December estimates are not used to calculate YoY. Values are at the prefecture level and are not broken down by municipality. Estimated OCC and booking curves use fixed cohorts (the same set of properties on every stay date), and the number of properties and rooms covered is stated in the text.

■ Limitations

Settled ADR is an estimate (median error of 6.6% against published operating results) and differs from each property’s actual settled prices and accounting figures. Estimated OCC counts unlisted rooms as sold and therefore reads higher than actual room occupancy. Day-of-week estimated OCC is a simple average that includes holiday nights. Sales change daily, and the figures are a snapshot as of October 24, 2026.

■ References

Cabinet Office, “About National Holidays” (国民の祝日について) https://www8.cao.go.jp/chosei/shukujitsu/gaiyou.html
HotelBank, “Kanagawa 2026 ADR: City Hotels +14.7% vs Business +2.3%, Growth Stalls” https://en.hotelbank.jp/area-analysis/kanagawa-2026-adr-city-hotels-14-7-vs-business-2-3-growth-stalls/

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