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The Bretix process and the political tension in France have lowered the customer potential of European hotels. However, this did not stop Chinese tourists. Chinese tourists filled their European hotels. According to reports from the European travel commission, Chinese tourists continue to invest and travel to Europe, despite the poor course of the Chinese economy. …
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According to the published reports, hotels in Europe had increased by 8.9 percent in 2017. In 2018, the profit of European hotels doubled. According to experts, this increase will continue in 2019. Investing in European hotels is a wise choice, according to many investment experts. Because European hotels occupancy rates and profit rates are increasing …
Continue reading “The profits of European hotels are increasing”
According to STR, European hotels reported mixed year-over-year results in July 2016 when calculated in euro constant currency. Occupancy was nearly flat (-0.4% to 76.7%), but ADR was up 3.9% to €118.80 ($134.17) and RevPAR increased 3.5% to €91.17 ($102.97). Hotels in Europe recorded mostly positive results in the three key performance metrics when …
Continue reading “STR: Europe hotel performance for July 2016”
