Hotel Sector in Geneva & Zurich
Market Overview | H1 2023
- Daniel Stocker
- Stephan Allemann
Room occupancy in Geneva increased by 22% compared to the previous year, however the level of 2019 could not be reached yet (−10%). In Zurich, room rates were 8% higher in the first half of 2023 than in the previous year, and 10% above the prices in 2019. Driven by the increases in room rates and higher room occupancy, RevPAR improved by 34% in the first half of the year compared to the same period last year.
JLL reports semi-annually on developments in the hotel sector in Geneva and Zurich.