STR: Europe hotel performance for June 2020

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: Preliminary June data for London hotels

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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STR: Europe hotel performance for April 2020

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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Photo by Quiz Zard on Unsplash

STR and TE further downgrade U.S. hotel forecast

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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STR: Preliminary April data for London hotels

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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STR: U.S. hotel profits fell 101.7% in March

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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STR: Europe hotel unprecedented performance lows for March 2020

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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STR Europe projections and Rebound of COVID-19 Crisis

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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STR: U.S. hotel construction hit all-time high in March

The U.S. hotel industry recorded 214,704 rooms under construction in March 2020, the highest end-of-month total ever reported by STR.  The industry’s previous construction peak occurred in December 2007 with 211,694 hotel rooms in construction. That level was slightly surpassed in February 2020 at 211,859 rooms in the final phase of the development pipeline. “The number of […]

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