STR and Tourism Economics Forecast U.S. hotel demand and ADR will near full recovery in 2022

U.S. hotel demand as well as average daily rate (ADR) on a nominal basis will near full recovery in 2022, according to the upgraded forecast just released by STR and Tourism Economics at the 43rd Annual NYU International Hospitality Industry Investment Conference. Additionally, revenue per available room (RevPAR) on a nominal basis is projected to […]

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STR : Greece’s 10-year record in revenue January ADR

Europe’s hotel industry posted growth across the three key performance metrics during January 2018, according to data from STR. Euro constant currency, January 2018 vs. January 2017 Europe Occupancy: +3.4% to 58.6% Average daily rate (ADR): +2.2% to EUR97.89 Revenue per available room (RevPAR): +5.7% to EUR57.39 Local currency, January 2018 vs. January 2017  Greece […]

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STR: flat occupancy with increases in ADR and RevPAR for Athens

The European hotel industry recorded positive April 2016 results in the three key performance metrics when reported in euro constant currency, according to data from STR. Compared with April 2015, Europe reported a 3.5% increase in occupancy to 71.4%, a 3.8% rise in average daily rate to EUR109.54 and a 7.4% lift in revenue per […]

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UNWTO: Making tourism stronger and ready for the future

This has been another challenging year for our societies, our economies and tourism. Many millions of jobs and businesses remain in peril, at the mercy of an evolving crisis and of the actions of governments. However, we are by no means in the same place we were when the pandemic was declared in March 2020. […]

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STR: Berlin hotel occupancy declined in November amid latest COVID concerns

Amid rising COVID cases and subsequent restrictions, Berlin’s hotel industry reported lower occupancy but higher room rates, according to preliminary November 2021 data from STR. Occupancy: 57.4% Average daily rate (ADR): EUR92.45 Revenue per available room (RevPAR): EUR53.09 The occupancy level was the lowest in the market since July and roughly 30% lower than November […]

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SUMMER 2021: The European Hotel Industry on a path to recovery

European hoteliers had been hoping the pickup in vaccination rates and progressive removal of health restrictions would boost demand this summer, as it did in 2020. Wish granted: hotel activity accelerated (+68.0% in RevPAR between July 1 and August 21 compared to 2020 marks), even though it remains well below pre-COVID standards (-31.8% compared to […]

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Mitsis hotels partners with Real Madrid Foundation for a football coaching programme for young guests in Rhodes

Aspiring to offer a rich entertainment programme according to the needs of its guests, Mitsis Hotels, Greece’s largest privately-owned hotel chain, partners with the Real Madrid Foundation, hosting a football coaching programme for its young guests staying at its hotels in Rhodes in 2021. The Group has already announced the launch of season 2021 with […]

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STR: Europe hotel performance for November 2020

Reflecting the impact of a second lockdown, Europe’s hotel industry reported much lower performance levels from the prior month, according to November 2020 data from STR. Euro constant currency, November 2020 (percentage change from October 2019) Occupancy: 21.3% (-70.4%) Average daily rate (ADR): EUR72.42 (-32.3%) Revenue per available room (RevPAR): EUR14.42 (-81.2%) Amid continued COVID-19 […]

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STR: Europe’s hotel industry reported slight performance decreases for September 2020

Reflecting a post-summer lag in demand, Europe’s hotel industry reported slight performance decreases from the prior month, according to September 2020 data from STR. Euro constant currency, September 2020 (percentage change from September 2019) Occupancy: 38.9% (-51.7%) Average daily rate (ADR): EUR90.78 (-27.2%) Revenue per available room (RevPAR): EUR35.31 (-64.8%) Each of the three key […]

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ACI Europe: Latest traffic data shows disastrous COVID-19 impact on airport industry

European airport trade body, ACI EUROPE, today released its air traffic report for June, Q2 & H1 as well as an interim update for July. The report reveals the devastating impact of the COVID-19 pandemic on Europe’s airports, with passenger traffic decreasing by -64.2% during the first half of the year – and almost coming to complete standstill in the second Quarter, with a […]

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