Skip to content
ALL, ALL

European hotel profitability levels tumble for third consecutive year

European hotel profitability levels tumble for third consecutive year

Share news

< 1 min. de lectura

Listen

eventoplus
What is ‘NetZero Events’, the international commitment of the MICE industry? What do ChatGPT and artificial intelligence for events mean? Companies still far from defining sustainability targets in MICE
Hotels across Europe reported the third consecutive year of profitability declines according to a new report released by the HotelBenchmark Survey by Deloitte. In 2003 the European hotel industry converted just 34 percent of revenue to profit compared to 39 percent in 2000. As a consequence profitability per available room has fallen by over 5,000 […]

Hotels across Europe reported the third consecutive year of profitability declines according to a new report released by the HotelBenchmark Survey by Deloitte. In 2003 the European hotel industry converted just 34 percent of revenue to profit compared to 39 percent in 2000. As a consequence profitability per available room has fallen by over 5,000 euros since 2000 â

Related news.

See all news
Eventoplus