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 lockdowns around the continent, each of the three key performance metrics were down from October, and the occupancy level was the lowest since May.
Local currency, November 2020 (percentage change from October 2019)
- Occupancy: 13.1% (-82.9%)
- ADR: EUR77.80 (-32.8%)
- RevPAR: EUR10.21 (-88.5%)
Occupancy and RevPAR fell to their lowest levels since May, while ADR was the lowest for any month this year.
- Occupancy: 16.2% (-77.4%)
- ADR: EUR73.60 (-37.1%)
- RevPAR: EUR11.93 (-85.8%)
Occupancy and RevPAR dropped to their lowest levels since June, while ADR came in lower than any month this year.
Additional COVID-19 analysis
All of STR’s COVID-19 analysis can be found here.
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.