European Hotel Industry Performance Over the Cycle

Dr. Isabella Blengini | August 21, 2018

By Dr. Isabella Blengini Over the last four years, we observed a certain level of volatility in the main indicators of hotels' performances, including the occupancy rate, the average daily rate (ADR) and the revenue per available room (RevPar). In particular, European countries like France, Germany, Italy, Spain and Switzerland, started showing some encouraging signs of recovery, notably over the last two quarters of 2017. France seems to be the country that has been hit the hardest by the prolonged economic downturn that involved Europe. On the country, Italy showed a good degree of stability in terms of hotel performance over the same...