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The European travel accommodation sector transformed What s next?

Travel is a force for good in the world, and it is also a powerful economic engine. Before the pandemic, WTTC calculated that the tourism sector was responsible for 1 in 5 new jobs and accounted for roughly 10% of global GDP and an equal share of employment. International tourism as an export service amounted to staggering $1.9 trillion in 2019. This is why I’m really encouraged by the UNWTO’s latest announcement stating that international arrivals have reached 84% of pre-pandemic levels and the sector recovery is continuing apace. In Europe, where Booking.com is headquartered, we’ve reached 91% of pre-pandemic levels.

European accommodations hope for a record-breaking year, summer 2023 barometer reveals : Wednesday, 19th July 2023 : 4Hoteliers

European accommodations hope for a record-breaking year, summer 2023 barometer reveals : Wednesday, 19th July 2023 : 4Hoteliers
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European accommodation barometer: summer 2023 edition

After two consecutive six-month periods of robust growth in occupancy and room rates, almost half of the European hoteliers anticipate 2023 to yield the highest revenue in the history of their establishment. At Booking.com, our success is defined by the success of our partner hotels, resorts, guest houses, B&B, vacation rentals, and all other travel lodgings imaginable. And we are glad to learn from them that travel is finally back!

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