
The assessment of hotel performance defines the 2013 fiscal year which has just ended a year of transition. The upward trend in RevPAR is driven by occupancy while average daily rates posted a decline. Improvement recorded in the second semester was weak and prospects point to a slow recovery of the continent’s economies. Prices reflect the cautious stance of hotel operators.
In 2012, the performance of hotels in Europe marked an abrupt halt after two years of post-crisis recovery that began in 2009. Occupancy rates declined and RevPAR stability was only ensured by a moderate increase in average daily rates. 2013 was characterized by a rebound in occupancy rates...
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