Article Summary: In June, Europe hotel occupancy fell 72.8% to 21.6%, ADR declined 34.8% to €83.69 ($97.17) and RevPAR dropped 82.3% to €18.11 ($21.03).
In June, Europe hotel occupancy fell 72.8% to 21.6%, ADR declined 34.8% to €83.69 ($97.17) and RevPAR dropped 82.3% to €18.11 ($21.03).
Primary Category: Monthly Data
LONDON—Reflecting early reopening around the continent, Europe’s hotel industry reported improved performance from May but at an all-time low level for a June, according to data from STR.
Euro constant currency, June 2020 vs. June 2019
• Occupancy: -72.8% to 21.6%
• Average daily rate (ADR): -34.8% to EUR83.69
• Revenue per available room (RevPAR): -82.3% to EUR18.11
The absolute occupancy, ADR and RevPAR levels were up from May levels, but were the lowest for any June on record.
Local currency, June 2020 vs. June 2019
• Occupancy: -78.2% to 17.3%
• ADR: -14.3% to PLN279.84
• RevPAR: -81.4% to PLN48.27
While up slightly from May levels, the absolute occupancy and RevPAR levels were the lowest for any June in STR’s Poland database.
• Occupancy: -73.7% to 20.7%
• ADR: -12.5% to CHF198.26
• RevPAR: -77.0% to CHF41.00
Occupancy and RevPAR were up from May levels, but each of the three key performance metrics were the lowest for any June in STR’s Switzerland database.
Additional COVID-19 analysis
All of STR’s COVID-19 analysis 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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Headline: STR: Europe hotel performance for June 2020
Article Date: 7/24/2020
Article Time: 8:35:00 AM