Europe’s hotel industry reported positive results in the three key performance metrics during May 2019, according to data from STR.
Euro constant currency, May 2019 vs. May 2018
- Occupancy: +1.4% to 74.9%
- Average daily rate (ADR): +2.9% to EUR116.38
- Revenue per available room (RevPAR): +4.3% to EUR87.22
Local currency, May 2019 vs. May 2018
- Occupancy: +6.9% to 83.6%
- ADR: +8.2% to EUR108.14
- RevPAR: +15.6% to EUR90.37
The occupancy and ADR levels are the highest for any May in STR’s Berlin database. May also marked 12 consecutive months of positive year-over-year demand comparisons in the market. STR analysts note that multiple events helped Berlin push performance levels: Re:publica (6-8 May), Raw Materials Summit (20-22 May), 16th World Congress of the European Association for Palliative Care (23-25 May) and the Berlin E-Prix (25 May).
- Occupancy: +6.9% to 77.9%
- ADR: +83.3% to EUR132.15
- RevPAR: +95.9% to EUR102.95
The ADR level is the highest for any May in STR’s Bratislava database. STR analysts attribute the market’s performance to the IIHF World Championship. Semifinal and championship round games (25-26 May) produced double-digit increases in each of the three key performance metrics: occupancy (+30.7% to 90.6%), ADR (+210.7% to EUR195.25) and RevPAR (+304.5% to EUR176.83).