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.
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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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