Analysis
Europe
Trends
Hospitality

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October 2023: European hospitality enjoys an Indian summer

4 min reading time

Published on 29/11/23 - Updated on 29/11/23

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Bilan octobre 2023 Europe

Between the many conflicts taking place in the EMEA region and galloping inflation throughout Europe, the situation is not looking ideal. Nature may be turning red this October, but European hotel performances remain mostly in the green. Unsurprisingly, Southern Europe is once again doing well thanks to sunny weather. Northern Europe performed less strongly, with the exception of a few countries including the Czech Republic.

In terms of occupancy, European hotels recorded a similar level to October 2022 (73.1%). This is neither a good nor a bad result, but it is still below the 2019 levels for the same period (-3.7 points). There is more movement in RevPAR, which stands at €90.9, up 5.1% on 2022 and 19% on 2019. Once...

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