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April 2020: a black month in a lockdown period

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Published on 26/05/20 - Updated on 23/10/24

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Unsurprisingly, Europe underperformed very badly in April 2020, when countries were closed and confined. OR and RevPAR do not reach double digits despite prices maintained at maximum by open operators.

4% of OR, i.e. a fall of -68.8 points, prices down 36.7%, pulled down by upscale properties, for a RevPAR that plunges 96.5% overall and is now set at €2.50 excluding VAT. The budget segment suffered the least, with an OR of 8.8% down 61.6 points and prices down 15.1%, while RevPAR fell 89.4% to €3...

MKG Consulting
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