Hotel consultant STR is reporting this week that 2015 marked the first year since 2010 in which the European hotel industry passed hotels in the U.S. in year-over-year revenue per available room (RevPAR) growth.
Yesterday's 'No' vote on the Greek referendum on austerity measures is going to have an impact on property market investments in the region, reports Andrew Burrell, Head of Forecasting at JLL.
According to STR Global, the European hotel industry posted mixed results in year-over-year metrics when reported in U.S. dollars, Euros and British pounds for February 2015.
With the holiday season now in full swing, many across Europe are making travel plans to enjoy the upcoming winter holiday in one of many great getaway spots across Europe.
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