While 2022 defied expectations to set new records and establish itself among the benchmark years for the hotel industry, 2023 did not disappoint by making the sector’s good performances seem normal.

2023, a transition year before an auspicious 2024? Many appointments have been made. The Paris Olympic and Paralympic Games, the UEFA Cup in Germany, or the America’s Cup in Valencia herald promising prospects and reveal great opportunities for the European hotel industry in a context of inflation reduction and probable interest rate cuts. After two years of outperformance, the previously very high RevPARs are expected to start converging towards the inflation level.

Find EXTENDAM’s barometer results on Business Immo