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2014 in Europe: Recovery in the North and South

4 min reading time

Published on 18/02/15 - Updated on 17/03/22

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As the first signs of economic growth were being felt in several European countries after some very difficult years for some, the hotel activity has regained the road to recovery. The industry thus ended the year with 3.8% growth in its Revenue per available room. While most European countries are on a growth trend, the renewed activity is driven by strong growth rates in Southern Europe.

Europe’s hotel industry accelerated growth in 2014. After finishing 2013 well, countries in the European Union are ending 2014 with new growth by 3.8% in their Revenue per available room (RevPAR). Growth was marked this year by the increase in average daily rates, which had tended towards more...

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