europe hotel market
Europe’s Key Hotel Markets Surpassed 2019 Profitability Levels in July
STR | September 8, 2022
LONDON—Several of Europe’s largest hotel markets, led by Berlin, surpassed their 2019 levels in gross operating profit per available room (GOPPAR), according to STR’s July 2022 P&L data release. Berlin’s July GOPPAR reached US$34.32, which was 183% of the pre-pandemic comparable. In June, the market reported GOPPAR at US$98.21, which was 132% of the comparable 2019 level. Also reporting significant month-over-month improvement in the region, Paris posted a July GOPPAR of US$312.64. That level was the market’s second highest this year behind June (US$347.08). Other key markets, London and Amsterdam, reported G...
Europe’s Summer Season Is at Stake, Can It Be Salvaged?
STR | August 5, 2020
July and August are two of Europe’s most important months for hotels with travellers spread across the continent on summer holidays. However, it is no secret that summer looks much different this time around for Europe due to the global impact of the COVID-19 pandemic. Europe was riding a successful wave with eight consecutive years of RevPAR growth as of the end of 2019. Fast forward through the devastating impact of a global pandemic, and the continent is Europe is behind in its recovery in comparison with other regions around the world. As seen in the chart below, Europe recorded the largest fall in occupancy and remained at a low poi...
COVID-19 Webinar Summary: 5 Key Points on U.K. & Ireland, 24 April
STR | April 27, 2020
Knowing you might not have time to watch our full webinars, we’re pleased to continue our series of COVID-19 webinar summaries. In this latest edition, we talk performance in the Regional U.K. as well as business on the books in London and Europe recovery forecast. Regional U.K. occupancy drops as number of cases increase Occupancy has been decreasing as the number of COVID-19 cases rises in the Regional U.K. Occupancy started to decrease before government measures to combat the spread of COVID-19 due in part to travel restrictions in other countries. Strong demand on the books in Edinburgh and Glasgow E...
Mainland Europe Hotels Enter Q4 With Positive GOPPAR Growth
HotStats | December 13, 2019
Mainland Europe hoteliers celebrated a positive start to the last quarter of 2019. October marked the second consecutive month—and third month of the year—of growth in profit per available room compared to the same period last year, according to HotStats data. A strong top line drove the 1.2% YOY increase in GOPPAR. In the rooms department, a combination of occupancy (up 1.0 percentage points YOY) and average rate (up 0.1% YOY) led to a 1.5% increase in revenue per available room. This positive trend was replicated across other revenue centres. Specifically, F&B revenue, which achieved 1.0% YOY growth on a per-available-room bas...
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