Analysis
Europe
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October 2020: all lights are red in Europe

3 min reading time

Published on 24/11/20 - Updated on 17/03/22

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The month of October confirms the intensification of the European hotel sector’ relapse into negative territory. As the second epidemic wave shook the continent, most countries resumed strict sanitary measures, ringing the alarm over the market.

Throughout, the occupancy rate fell to 30.1% on average (-46.6 points). Accompanied by a 28.8% drop in the average daily rate (€73.5 excluding taxes), this confirms the decline in RevPAR, down 72% this month (€22.1 excluding taxes).  Very heavily impacted since the beginning of the crisis, the mid-...

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