European hotel industry revenue to slump by 50 percent in 2021
European hotel industry revenue to slump by 50 percent in 2021 1 week ago Hotel sector’s transaction volume fell by 69% in 2020 to €8.5 billion down from a peak of €27.1 billion in 2019. Substantial effects of the pandemic are expected to affect European hotel performance in 2021 European accommodation turnover to surge by 28% in 2021 Hospitality industry will be among the last to recover from the pandemic For the European hospitality industry, substantial effects of the pandemic are expected to affect its performance in 2021. According to the latest research data, revenue could slump b...
Source: eturbonews.com