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STR Global: Europe results for June 2010
23 July 2010

Deloitte & Touche

LONDON -- The European hotel industry posted mixed results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for June 2010, according to data compiled by STR Global.

“The first half of 2010 showed again a split across Europe in performance”, said Elizabeth Randall, managing director of STR Global. “Hotels in Western and Northern Europe led the way in ADR improvements (in Euro-terms), whilst Southern and Eastern European hotels struggled to convert the occupancy gains into improved ADR.

“The month of June was the first month this year we saw ADR in Southern Europe improve over the same month last year”, Randall continued. “Whilst demand growth was stronger in Eastern Europe (10 percent year-to-date) than in Southern Europe (9 percent YTD), the additional supply entering Eastern Europe (+3 percent YTD) limited performance. Southern Europe saw only a 0.7-percent supply increase for the first six months”.

Highlights from key market performers for June include (year-over-year comparisons, all currency in euros):

View Global hotel review for June 2010.

About STR Global
STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics, and HotelNewsNow.com. For more information, please visit www.strglobal.com.

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