Industry Update
External Article31 March 2021

International Demand In Europe Unlikely To Return Until 2024

Government Restrictions Across Numerous Different Markets To Stifle Occupancy

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CoStar Group, Inc.

International hotel overnights and business in Europe likely will not recover until 2024, while domestic demand will likely lead the way in 2021, as it did in 2020.

Speaking at the online Hotel Data Conference: Global Edition, Robin Rossmann, managing director of STR, said there are still moving parts, not least of which are changes to government restrictions. STR is CoStar's hospitality analytics firm. If things become better all round in 2023, then there's reason for optimism that recovery is only seven quarters away.

Read the full article at CoStar Group, Inc.

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