Released on 12/02/24 – Updated on 12/02/24
While the RevPAR of European hoteliers increased by 16.3% in 2023 compared to 2019, this considerable development in top-line earnings need to not eclipse the truth of inflation affecting numerous levels of monetary health for hotels in Europe. The expense structure has actually dramatically altered considering that pre-COVID times.
MKG Consulting has actually analyzed the concern of expenditures for hoteliers found in France, Germany, Belgium, Italy, and Spain. A typical pattern throughout these nations is a double-digit boost in expenses, with differing effects depending upon the nation. In France, while RevPAR increased by 22%…
MKG Consulting
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