Key February takeaways:

  • Edinburgh shows lower occupancy and room rates due to supply growth
  • Saint Petersburg posts significant performance level

STR's sample comprises more than 63,000 hotels and 8.6 million hotel rooms around the globe. Contact [email protected] for additional market data.

DOWNLOAD: Word version | Performance charts

LONDON — Europe's hotel industry reported positive results in the three key performance metrics during February 2019, according to data from STR.

Euro constant currency, February 2019 vs. February 2018

Europe

  • Occupancy: +0.1% to 65.0%
  • Average daily rate (ADR): +1.9% to EUR100.60
  • Revenue per available room (RevPAR): +2.0% to EUR65.34

Local currency, February 2019 vs. February 2018

Edinburgh, Scotland

  • Occupancy: -1.8% to 70.1%
  • ADR: -10.7% to GBP74.40
  • RevPAR: -12.3% to GBP52.18

STR analysts note that although performance was down year over year, the absolute levels in the metrics were well above February averages for the market. Supply (+6.2%) outgrew solid demand (+4.2%) and pressured both occupancy and ADR.

Saint Petersburg, Russia

  • Occupancy: +6.7% to 45.5%
  • ADR: +2.6% to RUB4,128.27
  • RevPAR: +9.5% to RUB1,877.22

The absolute RevPAR level was the highest for any February in STR's database. Strong demand growth (+6.5%), helped by the final stages of the St. Petersburg Open early in the month, and mostly flat supply (-0.2%) factored into overall positive performance in the market.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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.

Nick Minerd
Public Relations Coordinator
+1 (615) 824 8664 ext. 3305
STR