Although the drop in the RevPAR (-13.2%) last October proves to be less important than over the last 12 months (-15.8%), indicators for Europe's hotel industry are still in the red. The slight improvement in occupancy is offset by low daily rates.
With a new double-digit slump in the RevPAR, the month of October are conform to the difficult start of the fall season. MICE tourism which is normally in full swing at this time of the year is still affected by the current crisis. Nonetheless, several European countries have observed a break in the...
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