European hotel results in March 2019 are illustrated by a perfectly stable occupancy rate. With a few notable exceptions, prices are what keep RevPAR afloat. What developments can we expect in April after three consecutive months of stagnant performances? Will Easter celebrations and periods of fair weather combined with the resumption of festivals help boost performances? We' ll have a response next month. In the meantime, back to March which was as gloomy as the previous two months.
With an occupancy rate down -1.6 point on the budget segment, results are only slightly better for the economy (+0.1 point), midscale (+0.3 point) and upscale (+0.2 point) segments compared to March 2018. Year to date, occupancy rate performances are not much better with stagnation at +0.1 point and...
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