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Amsterdam hotel performance jumped during eventful August

Amsterdam’s hotel industry showed event-driven improvement in monthly performance, according to preliminary August 2023 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. August 2023 (year-over-year % change): • Occupancy: 80.0% (+5.2%) • Average daily rate (ADR): EUR180.45 (+18.9%) • Revenue per available room […]

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STR: London hotel RevPAR highest since October 2022

London’s hotel industry reported its highest revenue per available room (RevPAR) since October 2022, according to preliminary May 2023 data from STR. May 2023 (year-over-year % change) Occupancy: 80.5% (+3.5%) Average daily rate (ADR): GBP204.52 (+18.9%) Revenue per available room (RevPAR): GBP164.54 (+23.1%) May was the first month this year with the market’s ADR above GBP200. […]

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UNWTO: Tourism recovery accelerates to reach 65% of pre-pandemic levels

International tourism is on track to reach 65% of pre-pandemic levels by the end of 2022 as the sector continues to bounce back from the pandemic. An estimated 700 million tourists travelled internationally between January and September, more than double (+133%) the number recorded for the same period in 2021. This equates to 63% of […]

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STR: Riyadh hotels reported higher occupancy in June

Riyadh’s hotel industry reported higher occupancy than the month prior, but lower room rates, according to preliminary June 2022 data from STR. According to STR data: • The occupancy rate was: 56.5% • Average daily rate (ADR): SAR580.61 • Revenue per available room (RevPAR): SAR328.17 While ADR and RevPAR fell month over month, each of […]

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AirDNA: Holiday cheer ahead for Europe as demand, revenues continue recovery

Demand, measured by the number of listing nights stayed over the previous month, was just 8.3% below that of October 2019 (+48.9% over 2020). This is a substantial improvement from September, when demand was 25% lower than in 2019, and the highest percent change since the start of the pandemic, according to AirDNA. Average daily […]

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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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STR: Europe hotel performance for Q1 2016, March 2016

The European hotel industry recorded positive results in the three key performance metrics when reported in euro constant currency, according to Q1 2016 data from STR. Compared with Q1 2015, Europe reported a 0.8% increase in occupancy to 61.1%, a 2.3% rise in average daily rate to EUR102.98 and a 3.1% lift in revenue per […]

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London on the verge of a new occupancy record in 2015

In the third quarter this year, the British capital welcomed 5.2 million international visitors, or 5.9% more than during the same period in 2014. London should end there year 2015 with tourism following a positive trend. The British capital showed a new increase in international arrivals by 5.9% in the third quarter of the year, […]

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