STR: Europe hotel performance for August 2020
 
STR: Europe hotel performance for August 2020
23 SEPTEMBER 2020 9:14 AM

Europe hotels reported occupancy fell 44.6% to 43% in August. ADR dipped 13% to €103.95 ($121.37) and RevPAR decreased 51.8% to €44.69 ($52.18) for the month.

LONDON—Europe’s hotel industry reported its best performance levels since February, according to August 2020 data from STR.

Euro constant currency, August 2020 vs. August 2019

• Occupancy: -44.6% to 43.0%
• Average daily rate (ADR): -13.0% to EUR103.95
• Revenue per available room (RevPAR): -51.8% to EUR44.69

The absolute occupancy and RevPAR levels were up significantly from July but remained the lowest for any August on record in Europe. Each of the metrics were the highest for the continent since February.

Local currency, August 2020 vs. August 2019

Germany

• Occupancy: -40.9% to 42.7%
• ADR: -4.5% to EUR86.37
• RevPAR: -43.5% to EUR36.92

The absolute occupancy and RevPAR levels are the highest in Germany since February but remained the lowest for any August on record in the country.

Netherlands

• Occupancy: -47.0% to 43.7%
• ADR: -22.1% to EUR87.01
• RevPAR: -58.7% to EUR38.00

ADR came in lower than July, but occupancy and RevPAR were the highest for any month in the country since February.

Additional COVID-19 analysis
All of STR’s COVID-19 analysis can be found here.

A note to editors
All references to STR data and analysis should cite “STR” as the source. Please refrain from citing “STR, Inc.” “Smith Travel Research” or “STR Global” in sourcing.

About STR
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.

International Media Contact
Rebeca Vélez Mínguez
Communications Executive
rvelezminguez@str.com
+44 (0)203 890 0056 ext. 0056

General Media Inbox
media@str.com

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editorial Director Stephanie Ricca at sricca@hotelnewsnow.com.

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.