The lull at the end of 2021 was short: at the beginning of January, all European countries were hit by the "Omicron wave", leading to further declines in activity across the continent after several months of rebound from October to November. Thus, despite the hopes raised by the active vaccination drive, the hotel sector was hit by new restrictions throughout Europe at the end of 2021 and in January 2022, thus hampering the hotel activity.
In January, hotel performance declined even more after a few months of recovery: RevPAR, which had been -35.5% under its pre-crisis level in December, fell back to a gap of -49.9% in January relative to January 2019. The occupancy rate stood at 32.4%, it is to say 25.9 points lower than pre-crisis...
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