Article Summary: Europe's hotel occupancy decreased 82.3% to 13.3% in May, according to STR. ADR fell 33.7% to €77.56 ($87.50) and RevPAR declined 88.3% to €10.30 ($11.62).
Europe's hotel occupancy decreased 82.3% to 13.3% in May, according to STR. ADR fell 33.7% to €77.56 ($87.50) and RevPAR declined 88.3% to €10.30 ($11.62).
Primary Category: Monthly Data
LONDON—Reflecting the continued impact of the COVID-19 pandemic, Europe’s hotel industry reported performance lows during May 2020, according to data from STR.
Euro constant currency, May 2020 vs. May 2019
• Occupancy: -82.3% to 13.3%
• Average daily rate (ADR): -33.7% to EUR77.56
• Revenue per available room (RevPAR): -88.3% to EUR10.30
The absolute occupancy, ADR and RevPAR levels were up from April levels, but were the lowest for any May in Europe.
Local currency, May 2020 vs. May 2019
• Occupancy: -84.7% to 11.7%
• ADR: -22.2% to EUR82.49
• RevPAR: -88.1% to EUR9.62
While slightly up from April levels, absolute occupancy and RevPAR levels were the lowest for any May in STR’s Germany database.
• Occupancy: -86.4% to 10.7%
• ADR: -39.3% to EUR82.01
• RevPAR: -91.7% to EUR8.76
Performance rose slightly from April, but the absolute occupancy, ADR and RevPAR levels were the lowest for any May in STR’s Netherlands database.
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Additional COVID-19 analysis
All of STR’s COVID-19 analysis can be found here.
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Headline: STR: Europe hotel performance for May 2020
Article Date: 6/24/2020
Article Time: 9:04:00 AM