January 2023: European hotel industry marked by significant disparities

Although Europe is dealing with a challenging context with unmatched inflation rates and political disputes, travelers are keeping their vacations on the continent however the scenario now exposes variations in between locations. While Southern Europe is carrying out well, Northern Europe is as soon as again dealing with decreasing outcomes.

Overall, the European hotel market published a greater RevPAR in January than prior to the crisis, with development of 3.8%, a favorable outcome however less substantial than December’s efficiency, which revealed a space of 13% compared to December2019 For a number of months now, the dynamic has actually continued to be dr.

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