The european hotel industry is among the rising stars

3 min reading time

Published on 04/12/07 - Updated on 17/03/22

If the trend continues, Europe’s hotel industry could beat the last record for growth, which occurred in the year 2000. In October, the revenue per available room grew by 9.6%. This growth was sustained by both an overall increase in average daily rates and a particularly high occupancy rate in hotel establishments.

Avast majority of European countries reported a record October. The logical result was an average room revenue almost reaching 10% growth (+ 9.6%). October is traditionally a very active period with a high business volume, and this year’s October was no exception. European establishments posted a...

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