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December 2018, a month to celebrate for European hoteliers

5 min reading time

Published on 28/01/19 - Updated on 23/10/24

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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...

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