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November 2020: the European hotel industry to be hibernating again

2 min reading time

Published on 23/12/20 - Updated on 17/03/22

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After a month of October marked by a relapse and the tightening of sanitary measures, November did not spare the hotel sector in Europe. Due to the pandemic’s second wave, the continent locked itself in to limit the arrival of a new peak of contamination, once again plunging European hotels into a particularly difficult situation.

For the entire zone, the occupancy rate was twice as low as the previous month, at 15.8% (-56.1 points), and the average daily rate deteriorated to €64 excluding taxes (-35.5%). Thus, European RevPAR amounts to only €10.1 excluding VAT, a drop of 85.6% compared to the level of November 2019.   Among...

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