MKG REPORT NOVEMBER 2022

European hotel industry slows down its recovery

After a still " October that resulted in strong performances, the recovery momentum seems to be losing steam slightly in November Although a number of countries managed to post RevPAR levels above 2019 others such as Germany, Austria and the Benelux countries even slipped back into the red this month Flu epidemics, the return of Covid, geopolitical instability, the timid return of foreign customers, the change of season could the health of the European hotel industry be under threat once again? Overall, the European hotel industry posted higher RevPAR in November than before the crisis, with growth of 8 0 a positive result but one that had been more encouraging recently Momentum continues to be driven by average daily rates the ADR change versus the pre Covid period shows a 16 5 difference in November versus November 2019

At the same time last year, the hotel industry was still searching for its business and international clientele.

This year, that seems to be away: in September, the European hotel industry posted a RevPAR higher than before the crisis, with an +12.2% growth. The average price, which had already moved into the green recently, now stands at €101, which is +17.5% higher than September 2019, and the European-wide occupancy rate is now only 3.7 points below its pre-Covid standards.

The full MKG report for November 2022 is available