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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Reflecting early reopening around the continent, Europe’s hotel industry reported improved performance from May but at an all-time low level for a June, according to data from STR. Euro constant currency, June 2020 vs. June 2019 Occupancy: -72.8% to 21.6% Average daily rate (ADR): -34.8% to EUR83.69 Revenue per available room (RevPAR): -82.3% to EUR18.11 The […]
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STR’s preliminary data for London hotels showed record performance lows. Comparison with June 2019: Occupancy: -74.4% to 23.0% Average daily rate (ADR): -59.2% to GBP72.48 Revenue per available room (RevPAR): -89.6% to GBP16.64 The absolute levels in each of the three metrics would be the lowest for any month on record in STR’s London database. […]
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The Baird/STR Hotel Stock Index fell 5.3% in June to a level of 3,060. Year to date through the first six months of 2020, the stock index was down 41.9%. “Hotel stocks were volatile in June as the broader reopening trade continued into the early part of the month; the Hotel Brand and Hotel REIT Sub-Indices were […]
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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 […]
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The latest U.S. hotel forecast from STR and Tourism Economics projects a 57.5% decline in revenue per available room (RevPAR) in 2020, then a 48.0% increase in the metric in 2021. Each percentage change was downgraded from a late-March forecast revision, which called for a 2020 RevPAR decrease of 50.6% followed by a 2021 increase of 63.1%. […]
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Reflecting the continued impact of the COVID-19 pandemic, April was London’s worst hotel performance month on record, according to preliminary data from STR. Comparison with April 2019: Occupancy: -73.0% to 21.9% Average daily rate (ADR): -38.9% to GBP87.18 Revenue per available room (RevPAR): -83.5% to GBP19.11 The absolute occupancy and RevPAR levels are the lowest […]
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U.S. hotel gross operating profit per available room fell 101.7% during March 2020, according to the first-ever monthly P&L data release from STR. In a year-over-year comparison with March 2019, the industry posted the following: GOPPAR: -101.7% to US$-2.10 TRevPAR: -64.0% to US$104.93 EBIDTA PAR: -116.8% to US$-15.44 LPAR (Total Labor Costs): -31.2% to US$66.16 “Our first U.S. […]
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Reflecting the impact of the COVID-19 pandemic, Europe’s hotel industry reported unprecedented performance lows during March 2020, according to data from STR. Euro constant currency, March 2020 vs. March 2019 Occupancy: -61.6% to 26.3% Average daily rate (ADR): -8.1% to EUR96.13 Revenue per available room (RevPAR): -64.7% to EUR25.27 The absolute occupancy and RevPAR levels in […]
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This week’s Europe webinar by STR focused on projections for this year and beyond, in which joined David Goodger, Managing Director, Europe and Middle East – Tourism Economics. The economic impact and likely recovery The immediate economic impact in H1 2020 will be worse than at any point during the global financial crisis, but a […]
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