Europe performance results for April 2009 | STR

The European hotel industry reported mixed year-over-year results when reported in U.S. dollars, euros and British pounds for April 2009, according to data compiled by STR Global.

Figures for occupancy, average daily rate and revenue per available room ranged from double-digit losses to single-digit gains, depending on the market and the currency used for comparison.

“Across Europe, RevPAR for the month fell by double digits as a result of the Easter holidays. But because we did not see a year-over-year rebound in March (Easter occurred in March last year), we expected the numbers to be worse,” said James Chappell, managing director of STR Global. “Italy and Spain reported similar RevPAR declines as in March, which is a good sign of possible stabilization. Other countries like Belgium, Germany, the Netherlands and the U.K., however, reports higher declines this month as expected.”

Key year-over-year market performers for April include (all currency figures are in euros):

• Edinburgh, Scotland, reported the largest increase in occupancy among the key markets, rising 7.3 percent to 76.8 percent.
• Three key markets reported occupancy decreases of more than 30 percent: Geneva, Switzerland (-33.1 percent to 50.7 percent); Düsseldorf, Germany (-31.8 percent to 47.6 percent); and Tel Aviv, Israel (-30.7 percent to 58.2 percent).
• Salzburg, Austria, reported the largest increase in ADR, which was up 28.9 percent to €126.49. Tel Aviv also reported a double-digit increase in ADR, which rose 23.0 percent to €193.51.
• Düsseldorf reported the largest decrease in ADR, which was down 46.5 percent to €79.85. Moscow, Russia, followed with a 38.0-percent decrease in ADR to €168.70.
• Salzburg was the only key market to increase in RevPAR. It was up 28.1 percent to €66.05.
• Seven markets reported RevPAR decreases of more than 40 percent: Düsseldorf (-63.5 percent to €38.05); Geneva, Switzerland (-46.8 percent to €100.47); Moscow (-45.6 percent to €106.76); Frankfurt, Germany (-43.6 percent to €50.81); Oslo, Norway (-41.0 percent to €53.39); Gothenburg, Sweden (-40.9 percent to €42.56); and Stockholm, Sweden (-40.9 percent to €53.16).

STR global hotel performance for April 2009 The Americas region reported declines in all three key performance metrics when reported in U.S. dollars for April 2009, according to data compiled by STR and STR Global. Occupancy for the region dro... Adobe PDF Document (Download Acrobat Reader) File Size: 22 Kb - Thursday, 28 May 2009