STR released January 2021 performance data on Thursday for Berlin, Riyadh and Sydney. Here is a summary:
Berlin performance up slightly
STR’s preliminary January 2021 data for Berlin hotels showed slightly higher performance levels compared with the previous month but at overall low levels.
Occupancy: 12.1% (-81.3%)
ADR: €63.34 (US$77) (-25.3%)
RevPAR: €7.68 (US$9) (-86.1%)
The absolute occupancy and RevPAR levels were up from December 2020. With new and stricter lockdown rules extended in Berlin, daily occupancy remained under 20% during the month.
Riyadh’s performance highest since the start of the pandemic
Riyadh’s hotel industry reported its highest overall performance since the start of the pandemic, according to preliminary January 2021 data from STR. Year-over-year declines remained significant.
Occupancy: 56.2% (-23.8%)
ADR: SAR582.92 (US$155) (-9.9%)
RevPAR: SAR327.56 (US$87) (-31.3%)
The absolute RevPAR level was the highest for any month in Riyadh since February. When looking at daily data, January 1 was the only day of the month that Riyadh hotels saw year-over-year growth in occupancy and RevPAR, along with the highest absolute levels: occupancy (+12.2% to 68.6%), ADR (+2.3% to SAR616.13) (US$164) and RevPAR (+14.7% to SAR422.71) (US$113).
Sydney reports lower performance levels
Sydney’s hotel industry reported lower performance levels compared with the previous month, according to preliminary January 2021 data from STR.
Year-over-year declines remained significant in comparison with January 2020:
Occupancy: 26.6% (-64.7%)
ADR: AUD191.20 (US$148) (-7.3%)
RevPAR: AUD50.89 (US$39) (-67.2%)
The absolute occupancy level was the lowest for any month in Sydney since May 2020, while ADR was the highest for any month since March 2020. The lessened occupancy levels illustrate the continued impact of border controls on visiting the Greater Sydney region. When looking at daily data, the highest occupancy (39.8%) and RevPAR (AUD89.39) (US$69) levels were seen on January 23, helped by Australia Day (January 26).
As of February 1, Sydney’s occupancy on the books for the next 90 days stands at just 9%, showing that continued low occupancy is to be expected over the coming months.