Global hotel performance moderates with Summer’s close

GOPPAR in Europe remains 45% down compared to September 2019, but within the same time frame, labor costs are now only down 27% to 38 euros, which is 14 euros off the September 2019 level. The Middle East is seeing both its revenue and profit deltas shrink, despite consecutive months of rate erosion.


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gotravelblogger

  • November 3, 2021
  • 135
  • Hotel , Travel
  • Comments Off on Global hotel performance moderates with Summer’s close

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