Here is a roundup of newly released STR performance data for April from three key global markets.
London performance up slightly
STR’s preliminary April 2021 data for London hotels shows slightly better performance compared with recent months, albeit at overall low levels.
- Occupancy: 28.6%
- ADR: £67.13 (US$95)
- RevPAR: £19.23 (US$27)
The absolute occupancy level was the highest for any month in London since October 2020, while the ADR and RevPAR levels were the highest since December 2020. Occupancy-on-the-books data for the market shows weekend peaks after May 17 – the day hotels can reopen. Year-over-year percentage changes will turn positive in the coming months due to comparison with the earliest pandemic-affected months from last year.
Dubai’s sees highest room rates in months
Dubai’s hotel industry reported its highest room rates in three months, according to preliminary April 2021 data from STR.
- Occupancy: 59.7%
- ADR: AED576.33 (US$157)
- RevPAR: AED343.94 (US$97)
Absolute ADR and RevPAR were the highest in Dubai since January. Occupancy, while significantly improved from pandemic lows, came in slightly lower than March. Throughout the April Ramadan period, daily occupancy remained in the 50% range.
Year-over-year percentage increases are substantial because of the comparison with the months most affected by the pandemic in 2020.
Sydney reports highest occupancy and RevPAR in over a year
Sydney’s hotel industry reported its highest occupancy and RevPAR in 14 months, according to preliminary April 2021 data from STR.
- Occupancy: 56.7%
- ADR: AUD195.19 (US$153)
- RevPAR: AUD110.76 (US$87)
The absolute occupancy and RevPAR levels were the highest in Sydney since February 2020, while ADR was the highest since March 2020. Elevated levels were due to continued improvement in both weekend and weekday performance. May is on track for similar performance, as forward occupancy is comparable to levels seen in April.
Year-over-year percentage increases are substantial because of the comparison with the months most affected by the pandemic in 2020.