Industry experts predict European hotel performance in 2019 will not light the skies a hundred colors but will continue to rise soberly, notably on the continent.
Speaking at the 14th New Year Hotel Investment Summit conducted by Whitebridge Hospitality and STR, the parent company of Hotel News Now, STR research and analysis manager Natalie Weisz said preliminary data shows mainland European hotels will continue to see performance increases in 2019, although the performance for United Kingdom hotels should be mixed.
Weisz said 2019 revenue per available room in Europe is predicted to be between flat and 3% growth, which constitutes a “slightly slower year” for the continent. Brussels and Paris would see their recoveries of 2018 slow down, while Moscow—on the back of a very successful 2018 (RevPAR +45% for the full year) hosting soccer’s World Cup—would see RevPAR fall by some 20%.
Copyright 2006-2024 Shanghai Sinoexpo Informa Markets International Exhibition Co., Ltd. All rights reserved
