According to data from STR, 2015 was the first year since 2010 in which the European hotel industry growth surpassed the U.S. industry in year-over-year revenue per available room (RevPAR).
Europe’s year-end 2015 RevPAR growth reached +6.9%, while growth in the U.S. hit +6.3% (to US$78.65). European hotels reported exceptionally high performances in the summer months, reaching +9.9% RevPAR growth in June, +13.0% in July and +8.4% in August.
Major European cities with notable RevPAR growth for year-end 2015 include: Milan, Italy (+30.3%); Dublin, Ireland (+23.3%); Prague, Czech Republic (+14.6%) and Barcelona, Spain (+11.3%).
Source and more information on the topic at www.traveldailynews.com.