Skip to main content

‘Positive winter’ ahead for Caribbean and Europe, says Palladium

Hotels
Will Payne
22 November 2022

Palladium Hotel Group has predicted a "positive autumn and winter season" for its hotels in the Caribbean, Tenerife and Madrid after it recorded occupancy peaks of up to 90% during summer 2022.

The hotel group recorded occupancy peaks of up to 90% during the summer and anticipates ‘good results’ for the rest of the autumn and winter

It comes after the global hotel brand concluded its summer season in the Balearic Islands and Costa del Sol with "very positive" closing figures.

Hotels in the European destinations recorded peaks of up to 90% occupancy in July and August, and in September, results exceeded those achieved in 2019, with figures of around 85%, and 70% in October for seasonal hotels.

The group said "several factors" were responsible for the development in 2022, such as an "explosion" in pent-up demand thanks to the easing of Covid-19 measures throughout Europe.