Inflation, the energy crisis and geopolitical conflicts could have penalised the European hotel industry in October, but it appears that the hotel industry was instead able to ride the heatwave of the Indian summer. October benefited from both leisure customers in Southern Europe and business customers in other countries. While some countries are still in the red, in general the European hotel industry is back on its feet with RevPAR increases of more than 20% in some countries.
Last year at this time, some countries were locking down. Today, most of the European countries are recovering. In fact, in October, the European hotel industry posted a RevPAR higher than before the crisis, with growth of 13.8%. This dynamic is still being driven up by average prices: the average...
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