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Europe Market Review: High Demand Performance Powers Record Occupancy

July 20, 2022

Change in Supply Gaining Momentum Over 2021, Up 16.6% in June

Occupancy in the month of June rose 3.0% over 2019 figures (+12.6% vs. 2021), reaching a new record for the month. Attenuated supply caught within a deluge of pent-up demand has allowed occupancy to reach record highs for nine consecutive months.

June Average Daily Rates Push Above June 2021 in 13 Countries

Birmingham Bookings Up Triple-Digit Percentages for Commonwealth Games

ARTICLE SUMMARY

The travel recovery is fully on in Europe: in the first half of 2022, 7.2% more nights were stayed in a European holiday rental than in the same period in 2019. Occupancy in June hit record levels for the ninth month running.

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