HotelHub, a hotel technology solution provider for travel management companies and their corporate customers, has released its HotelHub Index for Q3 2024.
The analysis of over 1.8 million hotel bookings made between July and September, highlighed significant downturn in reservations for business travel over the summer months in Europe.
While booking volumes for other regions have remained fairly consistent across the year, the latest HotelHub stats have shown a stark contrast in the booking data for Europe, with August 2024 transaction volumes down 57% compared to June 2024.
In some key business destinations, this August decline was even more pronounced, with bookings down by more than 70% in Italy (-72%), Spain (-77%) and France (-79%)…
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