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%.