Europe has overtaken the US, for the first time ever, in terms of hotel occupancy rates.
According to latest data from Amadeus, European hotel booking rates are 20% ahead of the worldwide average, with the rest of the world also growing well.
Within Europe, France currently has the best RevPAR (revenue per available room) levels.
On a global basis, RevPAR is up by 17% this year, according to Amadeus’ findings.
In terms of occupancy levels, the global growth level this year is at 10% and the outlook for the final three months of this year seems good.