Industry Update
Press Release24 June 2020

STR: Europe hotel performance for May 2020

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Str

Reflecting the continued impact of the COVID-19 pandemic, Europe's hotel industry reported performance lows during May 2020, according to data from STR.

Euro constant currency, May 2020 vs. May 2019

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  • Occupancy: -82.3% to 13.3%
  • Average daily rate (ADR): -33.7% to EUR77.56
  • Revenue per available room (RevPAR): -88.3% to EUR10.30

The absolute occupancy, ADR and RevPAR levels were up from April levels, but were the lowest for any May in Europe.

Local currency, May 2020 vs. May 2019

Germany

  • Occupancy: -84.7% to 11.7%
  • ADR: -22.2% to EUR82.49
  • RevPAR: -88.1% to EUR9.62

While slightly up from April levels, absolute occupancy and RevPAR levels were the lowest for any May in STR's Germany database.

Netherlands

  • Occupancy: -86.4% to 10.7%
  • ADR: -39.3% to EUR82.01
  • RevPAR: -91.7% to EUR8.76

Performance rose slightly from April, but the absolute occupancy, ADR and RevPAR levels were the lowest for any May in STR's Netherlands database.

Additional COVID-19 analysis
All of STR's COVID-19 analysis can be found here.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

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