Although Poland was not spared from a slowdown in 2008 and 2009, with the economic crisis curbing the imbalances that had been growing since 2006, recent figures reveal steady growth for the hotel industry, mirroring better economic performances.
The Polish hotel industry is well and truly on the upturn, with RevPAR growth in September reaching 5% and stabilising for year-to-date.
“These results verify Poland’s better economic performance during the downturn, as we know RevPAR usually follows a similar trend to GDP growth. Indeed, the country recorded the best GDP growth performance among OECD countries in 2009,” states Director of Development, MKG Hospitality, Vanguelis Panayotis.
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