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Europe - May 2009 : no improvement in sight

2 min reading time

Published on 05/07/09 - Updated on 17/03/22

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The hotel industry is following a steady - but not positive- growth trend of -20%. The overall result is pulled down by mid and upscale categories. But the economy and budget segments are not doing much better.

May is generally very busy with strong business and leisure activity. And yet, the results of the European hotel industry in no way illustrate this classic trend. The RevPAR is down by 19.0%. Already last year, several countries such as the United Kingdom and Italy had begun to show signs of losing...

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