Southern Europe’s hospitality industry sees record growth amid challenges
📍 Southern Europe's hospitality market in 2024 saw a 9.8% RevPAR increase and an 8% ADR rise to EUR175. Paris Olympics boosted hotel occupancy over 80%, peaking at 90.5%, with ADR averaging EUR781. Spain's tourism surged with an 11.5% RevPAR growth. Overtourism led to protests and government measures, yet occupancy and ADR grew. Post-Olympics, Paris expects normalization, Italy targets long-haul travelers, and Spain addresses overtourism versus demand.
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