Analysis
Europe
Hospitality
Trends

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March 2023: in the South, the European hotel industry is budding, in the North, it is stationary

3 min reading time

Published on 24/04/23 - Updated on 27/04/23

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Since the beginning of the year, the European hotel industry has shown a real recovery in activity at global level and now posts a +11.6% increase in RevPAR in March compared to March 2019. This is an encouraging outlook at the start of spring, but it is being driven by the Southern Europe when the North East fails to emerge...

Although occupancy is still below 2019 levels (-3.5 points in March), ADRs are still growing (+17.5%) and thus, at the global level, the activity is up (+11.6% RevPAR). All ranges show relatively similar trends with RevPAR increases ranging from 9% (in the budget segment) to 13.1% (in the economy...

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