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January 2018: Europe's hotel industry is off to a good start

2 min reading time

Published on 27/02/18 - Updated on 23/10/24

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After a fully satisfactory year for the European hotel industry, the challenge is to maintain this momentum. As Bulgaria takes over the rotating Presidency of the Council of the EU, the industry seems to be right on track considering results thus far into the year.

2017 closed with a 6.7% increase in RevPAR in November, followed by a 7.0% increase in December. Good performance continued into 2018 with a RevPAR up +4.7%. Overall, this increase in RevPAR was due to both an occupancy rate up +1.5 points from 57.0% in January 2017 to 58.5% in January 2018 and...

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