Southern Europe is standing out
Magazin • 17.11.2023 • 41410

Southern Europe is standing out

Logo NH HotelGroup, Logo Minor
17.11.2023

NH Q1-Q3: NH Hotel Group, part of Minor Hotels, generated €1.61 billion of revenue in the first nine months of 2023, up 28.1% year-on-year. Strong demand drove occupancy up to 68%, while average daily rate (ADR) climbed further to €137 in 9M23, marking growth of 14.4% year-on-year and 25.2% compared to 9M19. As a result, revenue per available room (RevPAR) averaged €93, up 30% from the 9M22 and 9M19 figures of €72 and €73, respectively. 

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