Hospitality-On
The European hotel market in October 2024 showcased overall stability and moderate growth across various segments. Global occupancy rates improved slightly to 74.3%, reflecting a +1.0-point increase compared to the previous year. ADR saw a slight decline of -1.0% to €132.7. RevPAR, supported by steady demand…
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October 2024: Fluctuations in the Northwest, stability in the East and South Europe
The European hotel market in October 2024 showcased overall stability and moderate growth across various segments. Global occupancy rates improved slightly to 74.3%, reflecting a +1.0-point increase compared to the previous year. ADR saw a slight decline of -1.0% to €132.7. RevPAR, supported by steady demand…