Global Travel Media » Blog Archive » STR: Europe hotel performance for April 2019

Home » Hotel Trends » Currently Reading:

STR: Europe hotel performance for April 2019

May 27, 2019 Hotel Trends No Comments Email Email

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

Euro constant currency, April 2019 vs. April 2018

Europe

  • Occupancy: -0.3% to 72.0%
  • Average daily rate (ADR): +3.3% to EUR110.09
  • Revenue per available room (RevPAR): +3.0% to EUR79.29

Local currency, April 2019 vs. April 2018

Vienna, Austria

  • Occupancy: +4.8% to 84.6%
  • ADR: +20.7% to EUR116.15
  • RevPAR: +26.5% to EUR98.29

The absolute occupancy, ADR and RevPAR levels were the highest for any April in STR’s Vienna database. STR analysts attribute a 6.2% rise in demand (room nights sold) to multiple events hosted in the market, such as the European Congress on Leukemia (4-5 April) and the EGU General Assembly 2019 (7-12 April).

Bucharest, Romania

  • Occupancy: +1.0% to 71.3%
  • ADR: +14.5% to RON414.92
  • RevPAR: +15.7% to RON295.98

STR analysts tied the performance to several events related to Romania’s EU Council presidency, including the Ministerial conference “Sustainable Tourism – Common Policies of EU Member States” (1-4 April), which led to a 141.5% rise in RevPAR on 4 April.

Comment on this Article:







Platinium Partnership

ADVERTISEMENTS

Elite Partnership Sponsors

ADVERTISEMENTS

Premier Partnership Sponsors

ADVERTISEMENTS

Official Media Event Partner

ADVERTISEMENTS

Global travel media endorses the following travel Publication

ADVERTISEMENTS

GLOBAL TRAVEL MEDIA VIDEOS

ADVERTISEMENTS



%d bloggers like this:
%d bloggers like this:
sitemap