European market suffering loss of commercial demand, says Hotstats survey

European events have suffered a huge drop in profitability during the summer season, according to a recent Hotstats survey from TRI Hospitality Consulting.

European market suffering loss of commercial demand, says Hotstats survey
European market suffering loss of commercial demand, says Hotstats survey
Paris hotels, which held a room occupancy of 66.8% in August, were almost 10% below the rolling 12 month average, the survey found.

"Hotels are forced to accommodate a much higher proportion of lower-yielding leisure demand, impacting the achieved room rate," the report reads. 

Elsewhere, achieved room rates in Rome during August were more than £25.50 behind the year-to-date average for the Italian capital.  

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