Business activity is off to a fast start after the summer break. Europe’s hotel industry is taking advantage of it to post sopme of the strongest growth in recent months. With occupancy up by more than 5 pts, average daily rates could climb by 3.5% for growth in the RevPAR by 11.3%.
Europe’s hotel industry which in recent years had got in the bead habit of seeing the bottle half empty is happily regaining a more optimistic outlook on the future. With properties three-quarters full – the OR averages 75.9% - professionals were able to adjust their rate policy up in support of...
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