For the past few years, the slow- moving supply has helped raise the overall performance in occupancy. This was particularly obvious in the second semester, when monthly rates surpassed the figures of the preceding years. Nonetheless, hotel owners generally dampened the need to adjust room price, as the overall market has yet to recover.
Landlords might need to adjust room prices due to the increasing operational costs and the anticipation of regional minimum wage to increase over the next year. Nonetheless, this remains a big challenge because it needs confirmation from the market. If it goes well, the chances of introducing new rates may happen, albeit moderately.