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Moderate rate growth despite recovery

4 min reading time

Published on 17/11/07 - Updated on 17/03/22

In the European Union, the average rack rate for a single room was at 138.9 euros in 2006, representing 2.8% growth over 2005.After a period of decline, and then a downturn last year in the change of rates, this result shows an increase in the recovery for the European hotel sector, confirmed by growth in the RevPAR observed end September by +5.9%.

In 2006, the rack rate for a single room in a hotel chain in France reached an average of 106.7 euros, up 4.0% over the previous year. This result reflects an increase in growth of rack rates since they rose by 2.5% in 2005. The hotel sector continues to rely on the growth of volumes of the...

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