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February: A tale of a forecasted catastrophe

2 min reading time

Published on 02/04/09 - Updated on 17/03/22

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Europe’s RevPAR dropped by – 16,9 % in February after the 17.0% fall in January. The upscale segment, particularly affected by the economic slump, is dragging Europe’s hotel industry downward.

Compared to an excellent February 2008, the impressive drop in the performance of the EC’s hotel industry was foreseeable. But that doesn’t make it any less unfortunate. The 0* category alone escaped the sadness of a negative monthly result. From 1* to 4*, the horizon is tinged with red. Global...

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