European hoteliers remain cautious of road ahead, according to Booking.com

Rising energy costs and ongoing macroeconomic uncertainty are two of the biggest concerns shared by businesses across Europe

Booking.com's European Accommodation Barometer 2022 surveyed 1000 businesses across Europe’s diverse ecosystem of accommodation. Their insights help identify the specific challenges facing hoteliers in each country and their varying priorities for government intervention.

Key takeaways

• Germany, Europe’s largest economy was generally in line with its EU counterparts, with more than half (54%) of businesses reporting that they are currently in a very good state;
• Looking forward, however, Germany took a more cautious view, planning to invest in their businesses 11 percentage points less than the European average;
• There are several factors which might explain their wariness. Energy costs were by far the most urgent concern, cited by 88% of respondents and 8 percentage points higher than the average.

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