Adrien Lanotte, Chief Analyst at MKG : 2025 marked a year of geographic fragmentation for Europe
🏨 Spain leads European hotel performance in 2025, thanks to strong tourism and a resilient economy. Southern and Eastern Europe, including the Czech Republic, Hungary, Poland, and the Baltic states, show dynamic growth, benefiting from competitive pricing and rising demand. In contrast, Germany faces a profitability shock due to rising costs and softer demand. The Benelux region also struggles with challenges like increased taxes. Overall, Europe experiences a fragmented hotel industry landscape, diverging from the uniform growth seen in the 2000s.
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