October 2018, all European countries are in the black

3 min reading time

Published on 27/11/18 - Updated on 17/03/22

indicateurs au vert

This October 2018, indicators were in the black overall for European hoteliers. With an OR up by +1.5 points, European hoteliers also saw their average daily rates progress by +6% overall allowing for the RevPAR to increase by 8.2% compared with October 2017.

The economy segment reported the best performance in terms of occupancy rate with +2.2 points, the average daily rates increased by +7.1% for the midscale segment, it is also on this segment that the RevPAR posts the best results with growth by +9.3%. The trend year to date is also positive...

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MKG Group

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