STR’s latest monthly profit and loss data release shows U.S. hotel gross operating profit per available room down 105.4% in June. That year-over-year percentage change showed continued improvement from April (-116.9%) and May (-110.1%). Additionally, some full-service properties broke even with occupancy at 50%, one month after limited-service properties showed positive profitability on average when surpassing 45% occupancy.
Asia Pacific performance sees continued improvement
The Asia Pacific hotel industry reported continued improved performance from previous months but at overall low levels during June, according to data from STR.
U.S. dollar constant currency, June 2020 vs. June 2019
Occupancy: -43.0% to 38.8%
ADR: -35.2% to US$58.86
RevPAR: -63.1% to US$22.82
Although up from May, the absolute levels in each of the three KPIs were the lowest for any June on record in the region.
India
Occupancy: -67.1% to 20.8%
ADR: -40.8% to INR3,140.73 (US$42)
RevPAR: -80.5% to INR652.91 (US$9)
While up slightly from May levels, the absolute occupancy and RevPAR levels were the lowest for any June in STR’s India database.
South Korea
Occupancy: -51.8% to 33.6%
ADR: -20.1% to KRW117,061.03 (US$97)
RevPAR: -61.5% to KRW39,351.03 (US$33)
The absolute levels in the three key performance metrics were the lowest for any June on record in South Korea but were higher than May levels in the country.
Europe sees slight improvement too
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.
Occupancy: -72.8% to 21.6%
ADR: -34.8% to EUR83.69 (US$97)
RevPAR: -82.3% to EUR18.11 (US$21)
The absolute occupancy, ADR and RevPAR levels were up from May levels, but were the lowest for any June on record.
Poland
Occupancy: -78.2% to 17.3%
ADR: -14.3% to PLN279.84 (US$73)
RevPAR: -81.4% to PLN48.27 (US$13)
While up slightly from May levels, the absolute occupancy and RevPAR levels were the lowest for any June in STR’s Poland database.
Switzerland
Occupancy: -73.7% to 20.7%
ADR: -12.5% to CHF198.26 (US$214)
RevPAR: -77.0% to CHF41 (US$44)
Occupancy and RevPAR were up from May levels, but each of the three key performance metrics were the lowest for any June in STR’s Switzerland database.
Central, South America performance also sees uptick
The Central/South America hotel industry reported slight improvement in occupancy month over month, but lower room rates, according to June data from STR.
Occupancy: -68.9% to 17.3%
ADR: -34.6% to US$53.77
RevPAR: -79.7% to US$9.31
The absolute occupancy and RevPAR levels were the lowest for any June in STR’s Central/South America database.
Ecuador
Occupancy: -87.4% to 8.4%
ADR: -35.6% to US$62.78
RevPAR: -91.9% to US$5.28
The occupancy and RevPAR levels were the lowest for any month on record in STR’s Ecuador database, as hotels remained closed during the month due to COVID-19.
Brazil
Occupancy: -73.6% to 14.8%
ADR: -33.3% to BRL199.76 (US$39)
RevPAR: -82.4% to BRL29.48 (US$6)
The absolute occupancy and RevPAR levels were the lowest for any June in STR’s Brazil database. Performance remains low in key markets in Brazil, such as São Paulo—a market that relies heavily on corporate demand, which saw occupancy at 6.7% for the month. Leisure and regional markets, however, recorded double-digit occupancy levels. The Brazil Southeast submarket saw occupancy of 17.6%, while São Paulo State Regional posted 12.9% occupancy.
Middle East, Africa see slightly higher room rates
Hotels in both the Middle East and Africa reported lower occupancy but improved room rates from the previous month, according to June data from STR.
Middle East
Occupancy: -42.9% to 33.6%
ADR: -24.9% to US$97.31
RevPAR: -57.1% to US$32.72
Africa
Occupancy: -76.8% to 13.8%
ADR: -27.1% to US$74.13
RevPAR: -83.1% to US$10.23
Both the Middle East and Africa saw their lowest absolute occupancy and RevPAR levels for any June on record.
Qatar
Occupancy: -17.8% to 48.1%
ADR: +0.7% to QAR387.74 (US$106)
RevPAR: -17.3% to QAR186.68 (US$51)
While Qatar’s occupancy was slightly lower than May, ADR and RevPAR were up month over month. The ADR level was the country’s highest for any month this year.
Oman
Occupancy: -59.4% to 15.7%
ADR: -41.0% to OMR28.19 (US$73)
RevPAR: -76.1% to OMR4.42 (US$11)
The absolute levels for each of the three key performance metrics were the lowest for any June in STR’s Oman database. However, each of the metrics were up from May.