The European hotel industry achieved historic performances in May, according to the Barometer conducted by EXTENDAM with the support of its partners. These results suggest an optimistic scenario for the summer period.
Vianney Lautrous, Head of Asset Management at EXTENDAM, explains: “In May, the hotel industry experienced a somewhat quiet first half, despite the public holidays, both in Paris and in the regions. Throughout France, the growth in occupancy rates remains moderate compared to last year, even though the post-Covid recovery had been very strong“.
Those who might have been disappointed by the slow growth in occupancy rates can take comfort in the continued growth of average prices, notes Vianney Lautrous, Head of Asset Management at EXTENDAM: “We still observe stratospheric average prices, to the point where one may wonder where the glass ceiling is, as in June, it is highly likely to be surpassed once again.”
Find the results of the European Hotel Barometer on Business Immo