The last strong month for the hotel industry before the break for the first months of the year, November 2007 was no exception to the rule. Occupancy reached very high levels and grew by 1.3 points over last year. Backed by an increase in average daily rates (+4.7%), Europe’s hotel industry results continued to grow and the revenue per available room improved by 6.7%.
The year 2007 should come to a close under the best auspices. A big majority of European countries may rejoice over an excellent November. Growth in the revenue per available room is close to 7% growth on a European level (+6.7%). After an October with a very high business volume, November did not...
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