-
Portugal reported double-digit RevPAR growth – Image Credit Unsplash
- Seven of the 16 destinations studied reported over 74% occupancy in November, with Portugal leading the southern European region.
- Despite minor dips in Switzerland, France, and the UK, overall occupancy rates across Europe remain strong, with the Czech Republic posting the highest occupancy at 80.5%.
As reported by HSMAI Europe, Europe’s hotel and travel industry continues to show resilience and adaptability, as evidenced by November’s robust occupancy rates. A study of 16 destinations revealed that seven destinations were more than 74% full. Hungary was the only country to post double-digit growth in average daily rates, while significant price increases were also observed in Italy (+8.8%) and Greece (+6%).
At the lower end of the performance spectrum, Switzerland, France, and the United Kingdom experienced slight declines in occupancy rates (OR). However, these changes were minimal compared to November 2023. On a year-to-date basis, France was