HotStats to predict profit growth for Europe's hotels

Another set of data-crunchers has found November was a month of solid profit growth for Europe’s hotels, with year-to-date GOPPAR 9.5 percent above the same period in 2017.

According to the latest data from HotStats tracking full-service hotels, demand from the commercial segment accounted for more than 40 percent of room nights sold in November, helping to fuel a 5.2-percent year-over-year increase in profit per room.

This was the 10th month of profit growth in 2018, with the only blip suffered in May and, unless December’s numbers offer some unexpected surprises, Europe’s hotels are set to record another huge profit increase in 2018, following the 8.9-percent increase in 2017.