LONDON – Amsterdam’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) for any month on record, according to preliminary April 2023 data from STR.
April 2023 (year-over-year % change)
- Occupancy: 83.9% (+13.6%)
- Average daily rate (ADR): EUR214.51 (+30.5%)
- Revenue per available room (RevPAR): EUR180.07 (+48.2%)
April was the first month with the market’s ADR above EUR200. In addition, the occupancy level was Amsterdam’s highest since October 2019.
When looking at daily data, Amsterdam’s occupancy peaked on Saturday, 29 April (93.7%), helped by Metallica’s M72 World Tour. The market’s daily occupancy levels remained above 70% throughout the month with only one day falling below that mark (10 April, at 66.8%).
More of STR’s analysis can be found here.