Data benchmarker and analyst STR released updated performance numbers in several markets. Here’s a summary, with some highlights:
Europe
The European hotel industry reported growth in each of the three key performance metrics through the first four months of 2017. As well, 12 key markets reached record-breaking levels in year-to-date revenue per available room (RevPAR).
Here’s how Europe performed compared with the year-earlier period:
Occupancy: +3.3% to 65.6%
ADR: +2.5% to €102.82
RevPAR: +5.9% to €67.47
In local currencies, the following key European markets posted their highest actual April year-to-date RevPAR levels on record year-over-year:
Amsterdam, Netherlands (+8.8%)
Belgrade, Serbia (+18.7%)
Berlin, Germany (+4.1%)
Budapest , Hungary (+13.5%)
Dublin, Ireland (+6.2%)
Edinburgh, Scotland (+14.4%)
Lisbon, Portugal (+22.1%)
London, England (+11.1%)
Manchester, England (+3.0%)
Sofia, Bulgaria (+20.1%)
Tallinn, Estonia (+14.4%)
Vilnius, Lithuania (+9.1%)
Middle East
Occupancy: +7.3% to 75.7%
ADR: +2.8% to US$176.60
RevPAR: +10.3% to US$133.75
April marked the first month since September 2014 that the Middle East registered year-over-year increases in each of the three key performance metrics.
STR analysts note that Emirates hotels experienced considerable uplift in transient demand. At the market level, Dubai recorded a 17.6% increase in RevPAR, compensating for a 6.5% RevPAR decline in Abu Dhabi. Significant growth was seen in the Upscale and Upper Midscale classes.
Africa
Occupancy: +5.3% to 58.2%
ADR: +11.6% to US$108.40
RevPAR: +17.6% to US$63.11
Central/South America
Occupancy: -2.5% to 54.7%
ADR: -1.4% to US$100.42
RevPAR: -3.9% to US$54.94
Asia Pacific
The hotel industry in the Asia Pacific region reported positive results in the three key performance metrics during April 2017.
Occupancy: +3.5% to 72.6%
ADR: +0.8% to US$102.18
RevPAR: +4.4% to US$74.17