Europe sees best performance levels since February
Europe’s hotel industry reported its best performance levels since February, according to August data from STR.
Euro constant currency, August 2020 vs. August 2019:
Occupancy: -44.6% to 43.0%
ADR: -13.0% to €103.95 (US$122)
RevPAR: -51.8% to €44.69 (US$52)
The absolute occupancy and RevPAR levels were up significantly from July but remained the lowest for any August on record in Europe. Each of the metrics were the highest for the continent since February.
Germany
Occupancy: -40.9% to 42.7%
ADR: -4.5% to €86.37 (US$101)
RevPAR: -43.5% to €36.92 (US$43)
The absolute occupancy and RevPAR levels are the highest in Germany since February but remained the lowest for any August on record in the country.
Netherlands
Occupancy: -47.0% to 43.7%
ADR: -22.1% to €87.01 (US$102)
RevPAR: -58.7% to €38 (US$45)
ADR came in lower than July, but occupancy and RevPAR were the highest for any month in the country since February.
Slight improvement for Central/South America
The Central/South America hotel industry reported slight improvement over the previous month, but low overall performance, according to August data from STR.
U.S. dollar constant currency, August 2020 vs. August 2019:
Occupancy: -66.4% to 20.2%
ADR: -34.7% to US$53.66
RevPAR: -78.1% to US$10.82
The absolute occupancy and RevPAR levels were the highest in the region since March but still the lowest for any August in STR’s Central/South America database. ADR also came in lower than any other August on record in the CSA region.
Local currency, August 2020 vs. August 2019:
Peru
Occupancy: -32.6% to 45.1%
ADR: -55.6% to PEN187.35 (US$52)
RevPAR: -70.1% to PEN84.44 (US$24)
Each of the three key performance metrics were the lowest for any August in STR’s Peru database. The occupancy and RevPAR levels were slightly lower than July.
Colombia
Occupancy: -86.0% to 8.8%
ADR: -30.2% to COP187,717.22 (US$49)
RevPAR: -90.2% to COP16,531.91 (US$4)
The country’s occupancy and RevPAR were down from the previous month, while ADR was up slightly.
Continued improvements in Middle East, Africa
Hotels in both the Middle East and Africa showed continued improvements but overall low performance, according to August data from STR.
U.S. dollar constant currency, August 2020 vs. August 2019:
Middle East
Occupancy: -32.5% to 42.6%
ADR: -26.3% to US$115.46
RevPAR: -50.3% to US$49.23
Africa
Occupancy: -60.5% to 25.0%
ADR: -11.8% to US$95.75
RevPAR: -65.1% to US$23.91
Despite month-over-month improvements, both the Middle East and Africa saw their lowest absolute occupancy and RevPAR levels for any August on record.
Local currency, August 2020 vs. August 2019:
Oman
Occupancy: -64.6% to 16.0%
ADR: -32.7% to OMR37.85 (US$98)
RevPAR: -76.2% to OMR6.06 (US$16)
Each of the three key performance metrics were up from July. The ADR level was the highest in Oman since March.
Qatar
Occupancy: -6.1% to 53.6%
ADR: +19.2% to QAR444.29 (US$121)
RevPAR: +11.9% to QAR238.16 (US$65)
Qatar saw its first year-over-year RevPAR increase since January 2020. The ADR level was the highest for any month in the country since July 2017.
Asia Pacific sees continued improvement
The Asia Pacific hotel industry reported continued improved performance from previous months but at overall low levels, according to August data from STR.
U.S. dollar constant currency, August 2020 vs. August 2019:
Occupancy: -31.0% to 50.8%
ADR: -27.3% to US$69.81
RevPAR: -49.8% to US$35.48
Although up month to month, each metric was the lowest for any August on record in the region.
Local currency, August 2020 vs. August 2019:
India
Occupancy: -61.9% to 23.0%
ADR: -30.1% to INR3,498.04 (US$48)
RevPAR: -73.4% to INR805.34 (US$11)
Each of the three key performance metrics were up from July, but occupancy and RevPAR remained the lowest for any August on record in the country.
Mainland China
Occupancy: -11.9% to 64.2%
ADR: -15.2% to CNY422.05 (US$62)
RevPAR: -25.4% to CNY271.11 (US$40)
The occupancy and RevPAR levels were the highest for any month in China since November 2019, while the ADR level was the highest since January 2020.