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STR: Europe hotel performance for May 2020

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LONDON—Reflecting the continued impact of the COVID-19 pandemic, Europe’s hotel industry reported performance lows during May 2020, according to data from STR.

Euro constant currency, May 2020 vs. May 2019

  • Occupancy: -82.3% to 13.3%
  • Average daily rate (ADR): -33.7% to EUR77.56
  • Revenue per available room (RevPAR): -88.3% to EUR10.30

The absolute occupancy, ADR and RevPAR levels were up from April levels, but were the lowest for any May in Europe.

Local currency, May 2020 vs. May 2019

Germany

  • Occupancy: -84.7% to 11.7%
  • ADR: -22.2% to EUR82.49
  • RevPAR: -88.1% to EUR9.62

While slightly up from April levels, absolute occupancy and RevPAR levels were the lowest for any May in STR’s Germany database.

Netherlands

  • Occupancy: -86.4% to 10.7%
  • ADR: -39.3% to EUR82.01
  • RevPAR: -91.7% to EUR8.76

Performance rose slightly from April, but the absolute occupancy, ADR and RevPAR levels were the lowest for any May in STR’s Netherlands database.

Additional COVID-19 analysis
All of STR’s COVID-19 analysis can be found here.

A note to editors
All references to STR data and analysis should cite “STR” as the source. Please refrain from citing “STR, Inc.” “Smith Travel Research” or “STR Global” in sourcing.

About STR

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. For more information, please visit str.com and costargroup.com.

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Rebeca Vélez Mínguez
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rvelezminguez@str.com
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