October 2016: Slight drop in European hotel performances; disparities subsist

3 min reading time

Published on 23/11/16 - Updated on 17/03/22

BUDAPEST

European hoteliers posted a slight drop in results this month. However, disparities remain; some market indicators are up while others post a new drop in their results. Disparities also exist in terms of market segmentation.

In October 2016, the revenue per available room (RevPAR) recorded on a European scale is down slightly by -1.8% with respect to the same period last year. This drop was brought on by a drop in occupancy rate and average daily rate by -0.1 points and -1.6% respectively. Upscale (RevPAR: -3.6%) and...

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