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Rebound confirmed in November for Europe’s hotel industry

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Published on 04/01/05 - Updated on 17/03/22

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The RevPAR of Europe’s hotel industry progresses by 2.7% in November 2004 thanks to a double leverage effect, occupancy rate and average daily rates.The cumulated RevPAR on 12 months is up by 4%.Aside from the 0* segment whose occupancy rate is down, OR and average daily rates alike are up across the year for all categories.

After a year 2003 that was weak, 2004 should close for European hoteliers with a RevPAR that is generally on an uptrend. In November, occupancy rates and average daily rates of each of the categories were up. The grand prize goes to economic 2* hotels where the RevPAR is up by 8.1% thanks to a 1.5...

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