The year 2018 was generally positive for European hoteliers despite a slump in May, and it ended well. Across all segments, the RevPAR is up +4.6%, driven by slight growth in occupancy rate by +0.7 pt as well as average daily rates up +3.5% compared to December 2017.
In terms of occupancy rate, it is the economy segment that is performing best in Europe with +1.4 point growth, followed by the upscale segment with +0.9 point growth, and the mid-range segment just behind. The budget segment, which was already losing in November, closed the month with -1.3 points...
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