Europe's Room Rates Still Above 2019 Prices for Half-Empty Hotels
Despite being half-empty, Europe’s hotels are charging more than they were before the pandemic. On average, room rates are $31 more expensive, according to auditing and booking platform Tripbam, which has compared corporate booking data from February 2021 to the same month in 2019, when the average rate was $216. This is despite volumes remaining depressed at about 50 percent down on comparable 2019 levels, for Europe, the Middle East and Africa.
Source: hospitalitynet.org
