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The recovery for Europe’s hotel industry is confirmed in May

4 min reading time

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

Thanks to growth in occupancy rates and average daily rates, the monthly RevPAR for hoteliers in the now 25-country Europe is up by 5.2% in May. This new good result confirms the recovery of business after nearly three years of clear decline. While the continent as a whole breathes a sigh of relief, hoteliers in the Netherlands and Spain are still far from being able to rejoice.

“We saw better results than last year for May and June. One could even say that the market has truly picked up in the last two months.” Giuseppe Vincelli, Director Business Development of Rome’s InterContinental resumes the current trend and hoteliers’ renewed optimism perfectly. The average...

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