This market snapshot is the seventh in a series of articles that HVS will be producing every month on a series of key markets. In writing these articles we aim to combine the market expertise of HVS with STR Global data for each key market. Our analysis for this market is based on a sample of more than 3,500 rooms, as provided by STR Global. We consider that in today's challenging environment a regular update is more vital than ever in helping to assess the challenging market conditions and determine the best strategy for each hotel.