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Growth is down in May

2 min reading time

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

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It was a bit of a pale month of May for Europe’s hotel industry. Growth in revenue per available room remains steady (+5.4%), but the result could have been better without the 1.3 point drop in occupancy. This drop held overall growth back despite average daily rates that continued their growth (+7.3%).

Progress of the European hotel industry slowed in May. With growth by 5.4% versus 11.8% on 12 cumulated months, the revenue per available room continues to grow at a good rate. However, the occupancy of properties suffered during this month that had many long weekends. The global occupancy rate is...

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