Hotel Performance

STR: Europe’s downturn continues

While Europe’s hotel industry reported improved performance in May, the numbers from last month were at an all-time low level for a June, according to data from STR.

Year over year, hotel occupancy across Europe fell 72.8 percent to 21.6 percent, while average daily rate declined 34.8 percent to €83.69 and revenue per available room was down 82.3 percent to €18.11. The absolute occupancy, ADR and RevPAR levels were up from May levels, but were the lowest for any June on record.

In Poland occupancy was down 78.2 percent to 17.3 percent year over year, while ADR declined 14.3 percent to PLN279.84 and RevPAR dropped 81.4 percent to PLN48.27. While up slightly from May levels, the absolute occupancy and RevPAR levels were the lowest for any June in STR’s Poland database.

In Switzerland, meanwhile, occupancy declined 73.7 percent from June 2019 to 20.7 percent, ADR was down 12.5 percent to CHF198.26 and RevPAR was down 7 percent to CHF41.00. 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.