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STR releases regional hotel performance numbers

Data benchmarker and analyst STR released updated performance numbers in several markets. Here’s a summary, with some highlights:

Europe

The European hotel industry reported growth in each of the three key performance metrics through the first four months of 2017. As well, 12 key markets reached record-breaking levels in year-to-date revenue per available room (RevPAR). 

Here’s how Europe performed compared with the year-earlier period:

Occupancy: +3.3% to 65.6%

ADR: +2.5% to €102.82 

RevPAR: +5.9% to €67.47

In local currencies, the following key European markets posted their highest actual April year-to-date RevPAR levels on record year-over-year:

Amsterdam, Netherlands (+8.8%)

Belgrade, Serbia (+18.7%)

Berlin, Germany (+4.1%)

Budapest , Hungary (+13.5%)

Dublin, Ireland (+6.2%)

Edinburgh, Scotland (+14.4%)

Lisbon, Portugal (+22.1%)

London, England (+11.1%)

Manchester, England (+3.0%)

Sofia, Bulgaria (+20.1%)

Tallinn, Estonia (+14.4%)

Vilnius, Lithuania (+9.1%)

 

Middle East

Occupancy: +7.3% to 75.7%

ADR: +2.8% to US$176.60

RevPAR: +10.3% to US$133.75

April marked the first month since September 2014 that the Middle East registered year-over-year increases in each of the three key performance metrics.

STR analysts note that Emirates hotels experienced considerable uplift in transient demand. At the market level, Dubai recorded a 17.6% increase in RevPAR, compensating for a 6.5% RevPAR decline in Abu Dhabi. Significant growth was seen in the Upscale and Upper Midscale classes.

 

Africa

Occupancy: +5.3% to 58.2%

ADR: +11.6% to US$108.40

RevPAR: +17.6% to US$63.11

 

Central/South America

Occupancy:  -2.5% to 54.7%

ADR: -1.4% to US$100.42

RevPAR: -3.9% to US$54.94

 

Asia Pacific

The hotel industry in the Asia Pacific region reported positive results in the three key performance metrics during April 2017.

Occupancy: +3.5% to 72.6%

ADR: +0.8% to US$102.18

RevPAR: +4.4% to US$74.17

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