An update from our 2014 report, this report aims to assist owners in increasing their understanding and awareness of the franchise business model and current market trends. The fees outlined in this article apply solely to hotels operating in Europe.
Preliminary June data from STR shows London hotel occupancy rose 4% to 89.8%, ADR increased 11.3% to £178.20 ($223.35) and RevPAR jumped 15.7% to £159.95 ($200.48).
Foreign residents arriving at the International Airport of Athens increased 11.0% during Q2 2019 compared to the same quarter last year. Performance of April was particularly strong with an increase of 20.5% y-o-y, while May and June recorded single digit growth rates of 9.7% and 6.1% y-o-y respectively. It should be noted that these international arrivals include passengers that are transferring in Athens to other domestic destinations.
International tourist arrivals to Europe are projected to grow 3.6% in 2019 - The US and China continue to stand out in terms of their contributions to European tourism growth accounting for a share of 11% and 4% respectively