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STR: Europe hotel performance for May 2019

June 26, 2019 Hotel Trends No Comments Email Email

Europe’s hotel industry reported positive results in the three key performance metrics during May 2019, according to data from STR.http://www.stevecafeandcuisine.com/

Euro constant currency, May 2019 vs. May 2018

Europe

  • Occupancy: +1.4% to 74.9%
  • Average daily rate (ADR): +2.9% to EUR116.38
  • Revenue per available room (RevPAR): +4.3% to EUR87.22

Local currency, May 2019 vs. May 2018

Berlin

  • Occupancy: +6.9% to 83.6%
  • ADR: +8.2% to EUR108.14
  • RevPAR: +15.6% to EUR90.37

The occupancy and ADR levels are the highest for any May in STR’s Berlin database. May also marked 12 consecutive months of positive year-over-year demand comparisons in the market. STR analysts note that multiple events helped Berlin push performance levels: Re:publica (6-8 May), Raw Materials Summit (20-22 May), 16th World Congress of the European Association for Palliative Care (23-25 May) and the Berlin E-Prix (25 May).

Bratislava, Slovakia

  • Occupancy: +6.9% to 77.9%
  • ADR: +83.3% to EUR132.15
  • RevPAR: +95.9% to EUR102.95

The ADR level is the highest for any May in STR’s Bratislava database. STR analysts attribute the market’s performance to the IIHF World Championship. Semifinal and championship round games (25-26 May) produced double-digit increases in each of the three key performance metrics: occupancy (+30.7% to 90.6%), ADR (+210.7% to EUR195.25) and RevPAR (+304.5% to EUR176.83).

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