In April, Europe hotel occupancy fell 84.6% to 11.1%, ADR decreased 30.1% to €77.52 ($84.52) and RevPAR plummeted 89.2% to €8.58 ($9.35).
LONDON—Reflecting the impact of the COVID-19 pandemic, Europe’s hotel industry reported unprecedented performance lows during April 2020, according to data from STR.
Euro constant currency, April 2020 vs. April 2019
• Occupancy: -84.6% to 11.1%
• Average daily rate (ADR): -30.1% to EUR77.52
• Revenue per available room (RevPAR): -89.2% to EUR8.58
The absolute occupancy and RevPAR levels were the lowest for any month on record in Europe.
Local currency, April 2020 vs. April 2019
• Occupancy: -89.0% to 7.2%
• ADR: -25.3% to RUB3,712.65
• RevPAR: -91.8% to RUB267.20
The absolute levels in each of the three metrics were the lowest for any month in STR’s Russia database. Among key markets in the country, Moscow and Saint Petersburg saw single-digit absolute occupancy levels during the month, 9.1% and 2.8%, respectively.
• Occupancy: -90.0% to 8.2%
• ADR: -41.6% to EUR82.69
• RevPAR: -94.2% to EUR6.76
The absolute occupancy and RevPAR levels were the lowest for any month in STR’s Netherlands database. At the market-level, Amsterdam’s occupancy fell 92.6% to 6.4%.
Additional COVID-19 analysis
All of STR’s COVID-19 analysis, including press releases and webinar recordings, can be found here.
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STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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