Central/South America’s performance levels way up
The Central/South America hotel industry reported its highest performance levels since the beginning of the pandemic, according to October data from STR.
U.S. constant currency, October 2020 (percentage change from October 2019)
Occupancy: 29.0% (-52.7%)
ADR: US$66.68 (-21.4%)
RevPAR: US$19.36 (-62.8%)
Each of the three key performance metrics were the highest for any month in STR’s Central/South America database since March.
Local currency, October 2020 (percentage change from October 2019)
Peru
Occupancy: 40.9% (-36.7%)
ADR: PEN189.68 (US$53) (-52.3%)
RevPAR: PEN77.61 (US$22) (-69.8%)
The absolute occupancy level was the lowest for any month in Peru since May, while the RevPAR level was the lowest for any month since April. ADR, however, was the highest for any month since June.
Colombia
Occupancy: 22.2% (-64.0%)
ADR: COP225,976.65 (US$62) (-14.7%)
RevPAR: COP50,167.45 (US$14) (-69.3%)
Each of the three key performance metrics was the highest for any month in Colombia since March.
Europe sees slight decreases
Reflecting the impact of a second lockdown, Europe’s hotel industry reported slight performance decreases from the prior month, according to October data from STR.
Euro constant currency, October 2020 (percentage change from October 2019)
Occupancy: 32.3% (-57.8%)
ADR: €84.91 (US$101) (-26.4%)
RevPAR: €27.39 (US$32) (-69.0%)
Amid new COVID-19 lockdowns around the continent, each of the three key performance metrics was down from September, and the occupancy level was the lowest since June.
Local currency, October 2020 (percentage change from October 2019)
United Kingdom
Occupancy: 40.2% (-50.4%)
ADR: £65.86 (US$87) (-31.3%)
RevPAR: £26.51 (US$35) (-65.9%)
Each of the three key performance metrics fell to their lowest level since July.
Netherlands
Occupancy: 18.0% (-77.7%)
ADR: €79.73 (US$94) (-36.9%)
RevPAR: €14.36 (US$17) (-85.9%)
Occupancy fell to its lowest level since May, while ADR came in lower than any month since April.
Middle East, Africa see highest occupancy since February
Hotels in both the Middle East and Africa recorded their highest absolute occupancy level since February, according to October data from STR.
U.S. constant currency, October 2020 (percentage change from October 2019)
Middle East
Occupancy: 44.2% (-33.8%)
ADR: US$108.47 (-23.2%)
RevPAR: US$47.96 (-49.2%)
Africa
Occupancy: 28.6% (-56.3%)
ADR: US$101.71 (-3.5%)
RevPAR: US$29.08 (-57.8%)
Local currency, October 2020 (percentage change from October 2019)
Qatar
Occupancy: 56.6% (-22.6%)
ADR: QAR361.59 (US$98) (-6.3%)
RevPAR: QAR204.58 (US$56) (-27.5%)
Qatar’s occupancy was slightly lower than September, but ADR and RevPAR were up from the month prior.
United Arab Emirates
Occupancy: 52.7% (-31.5%)
ADR: AED358.69 (US$98) (-33.2%)
RevPAR: AED189.19 (US$52) (-54.2%)
Each of the three key performance metrics was up from previous months. The occupancy and RevPAR levels were the highest in the UAE since February.
Asia Pacific also sees high performance
The Asia Pacific hotel industry reported its best performance levels since the first quarter of the year, according to October data from STR.
U.S. dollar constant currency, October 2020 (percentage change from October 2019)
Occupancy: 54.1% (-23.2%)
ADR: US$74.08 (-23.7%)
RevPAR: US$40.07 (-41.4%)
The occupancy and RevPAR levels were the highest for any month in the region since January, while ADR was the highest since March.
Local currency, October 2020 (percentage change from October 2019)
Australia
Occupancy: 46.4% (-40.8%)
ADR: A157.21 (US$114) (-17.8%)
RevPAR: A73.02 (US$53) (-51.4%)
The occupancy level was the highest for any month in Australia since February, while ADR and RevPAR were the highest for any month since March.
Mainland China
Occupancy: 66.1% (-3.1%)
ADR: CNY440.18 (US$67) (-9.3%)
RevPAR: CNY290.82 (US$44) (-12.1%)
Boosted by Golden Week at the beginning of the month, the occupancy and RevPAR levels were the highest for any month in China since November 2019, while ADR was the highest since January 2020.