Unsurprisingly, Europe underperformed very badly in April 2020, when countries were closed and confined. OR and RevPAR do not reach double digits despite prices maintained at maximum by open operators.
4% of OR, i.e. a fall of -68.8 points, prices down 36.7%, pulled down by upscale properties, for a RevPAR that plunges 96.5% overall and is now set at €2.50 excluding VAT. The budget segment suffered the least, with an OR of 8.8% down 61.6 points and prices down 15.1%, while RevPAR fell 89.4% to €3...
This content is for subscribers only. You have 80% left to discover.
Every week, the HON team brings you an expert look at the world of hospitality.
By becoming a member, you will have access to a complete ecosystem: exclusive content, jobs, etc.BECOME A MEMBER