Table 10.

Revenues and operational structure.

Date	April	Change	May	Change	June	Change	Total 3 months	Change
Panel 1 EU hotels (Total)
2017	11,574,293,781		12,778,773,788		18,473,485,372		40,337,113,484
2018	14,467,946,268	5.40%	13,799,136,738	6.80%	14,400,259,707	5.20%	42,667,342,713	5.80%
2019	14,752,968,978	2.00%	14,247,532,797	3.20%	14,945,276,259	3.80%	43,945,778,034	3.00%
2020	7,290,803,160	−50.6%	2,533,490,422	−82.2%	3,995,028,655	−73.3%	13,819,322,237	−68.6%
Panel 2 Chain managed
2017	3,365,121,278		3,205,907,931		3,259,197,115		9,887,220,426
2018	3,625,850,081	6.00%	3,423,750,212	6.80%	3,381,233,710	3.70%	10,430,834,003	5.50%
2019	3,622,897,107	−0.1%	3,446,920,733	0.70%	3,477,239,576	2.80%	10,547,057,416	1.10%
2020	1,471,584,134	−59.4%	319,479,298	−90.7%	470,796,675	−86.5%	2,261,860,107	−78.6%
Panel 3 Franchise
2017	6,582,386,319		6,283,011,306		6,764,808,040		19,630,205,665
2018	6,999,766,884	6.30%	6,808,913,402	8.40%	7,178,437,581	6.10%	20,987,117,867	6.90%
2019	7,256,891,171	3.70%	7,057,965,274	3.70%	7,550,735,402	5.20%	21,865,591,847	4.20%
2020	3,859,535,526	−46.8%	1,520,749,682	−78.5%	2,325,883,838	−69.2%	7,706,169,046	−64.8%
Panel 4 Independent
2017	3,726,478,450		3,433,673,742		3,658,883,024		10,819,035,216
2018	3,842,329,300	3.10%	3,566,473,132	3.90%	3,840,588,414	5.00%	11,249,390,846	4.00%
2019	3,897,877,148	1.40%	3,683,677,532	3.30%	3,988,974,723	3.90%	11,570,529,403	2.90%
2020	1,959,683,501	−49.7%	693,261,442	−81.2%	1,198,346,452	−70.0%	3,851,291,395	−66.7%