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October 2019: only half of Europe is performing well

4 min reading time

Published on 26/11/19 - Updated on 23/10/24

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Chamois, Italy

Europe is clearly split in two parts this month, one part showing significant progress and the other showing a decline in growth. Hotel performance is therefore neutral, monthly indicators showing a stagnant trend.

The European hotel industry posted very slight growth in October, with +0.1 occupancy points for an Occupancy Rate (OR) of 77.1%, and +0.3% Average Daily Rate (ADR) to €103.70 excluding VAT. RevPAR grew by +0.4% to reach €80.00 excluding VAT. One segment is down: Economy, down -0.4 pt (OR 77.6%)...

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