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October 2013: The European hotel industry continues its momentum

2 min reading time

Published on 25/11/13 - Updated on 17/03/22

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Optimism is in order for European hoteliers. After having posted an increase in their indicators over the month of September, they are seeing their activity once again increase over the month of October 2013, thanks in particular to the resumption of Business and MICE activity after the summer break.

Europe's monthly hotel performances are reflected by a 3.8% improvement in Revenue per available room (RevPAR), on account of both a 2.2 point increase in the establishments' occupancy rates and a 0.8% increase in the average daily rate level. Attendance rates reached a continental average of 73.6%...

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