Hotel Hub has released its latest data on European bookings pre and post-Covid. The results show that European corporate hotel bookings have almost recovered to their pre-Covid levels, and lead-in times have also normalised. International business bookings in Europe in the third quarter of 2022 made up 43% of all hotel sales, compared with a 44% market share in 2019.

Over the past three months, the average lead time for corporate bookings in Europe has increased to 17 days. Which is almost the same as the advanced booking period in the third quarter of 2019. Compared to last year when it was just nine days.

Online hotel bookings have significantly accelerated, with 29% of corporate bookings made via online booking tools in 2019 compared to 62% in 2022.

The daily rates in Europe’s top city’s started to fall or level out in the third quarter after reaching or exceeding the 2019 prices in the second quarter of 2022. ADR in London has fallen from $313 in June 2022 to 276 in September 2022.

Hotel hub said, ‘It’s very encouraging to see that international travel is continuing to increase, particularly in Europe where international hotel bookings are only one per cent below pre-pandemic levels.