COVID-19 webinar summary: 5 key points on Europe, 7 May
Knowing you might not have time to watch our full webinars, we’re pleased to continue our series of COVID-19 webinar summaries. In this latest edition, we talk performance in Europe with a focus on Germany, Austria and Switzerland.
RevPAR: levelled since March
RevPAR levels in Germany, Austria and Switzerland fell rapidly from late February through the middle of March. Since that point, RevPAR has levelled off in the three markets.
Switzerland occupancy drop as much as 70% since March
Switzerland has posted year-over-year occupancy declines as steep as 70% since the beginning of March.
Austria: all hotel classes affected by COVID-19
All hotel classes in Austria have been affected by COVID-19. Upper Midscale, Midscale and Economy hotels posted the lowest absolute occupancy levels (4.0%) in March and April, followed closely by Luxury and Upper Upscale Hotels (6.0%).
Help us launch Forward STAR in Vienna
As Christian Strieder discussed in the webinar, with your help and participation, STR can launch Forward STAR in Vienna. Business-on-the-books intelligence will not only help us all understand when recovery begins, and provide much-needed context, those insights can be accessed for free when you submit your data. If you are interested, please email email@example.com.
Serviced Apartments occupancy ahead of all accommodations
Services Apartments posted higher occupancy levels in Munich, Hamburg and Berlin compared to all accommodations. However, ADR is still lower for Services Apartments in those markets.
If you want more information, register now and join us on our next COVID-19 webinar regarding the impact on Europe’s serviced apartment, hostel and hotel performance on Thursday, 14 May (10:00 a.m. London time).