Sunday, February 12, 2012
Subscribe free of charge to receive a daily e-mail with the headline news from TravelDailyNews International. Just click the check-marked button.
Member of :
STR Global posts November 2009 results for Europe
Improved performances in most European markets
Thursday, December 31, 2009
The European hotel industry posted mixed results in year-over-year results when reported in U.S. dollars, euros and British pounds for November 2009, according to data compiled by STR Global. Figures for occupancy, average daily rate and revenue per available room ranged from double-digit losses to double-digit gains, depending on the market and the currency used for comparison.“The November results continued the trend of improved performances in most markets, even if this is mainly due to the weak comparables to 4th quarter 2008”, according to Elizabeth Randall, managing director of STR Global. “Whilst occupancies continued to fall across Europe in year-over-year comparisons, Eastern Europe remained the only European sub region with ADR declines in U.S. dollar terms reporting the lowest ADR of $116.63 (-8.9 percent) for November 2009. The sluggish performance followed the continued concerns over the economic recovery in Eastern Europe. With 11 months gone, Europe saw RevPAR decline 22.8 percent to US$81.64. Hotels in Western Europe held the top spot in RevPAR at US$89.60 and only an 18.4-percent decline compared to year-to-date November 2008. Looking ahead to 2010 we would currently expect a continued improvement in percentage change terms, however, actual performance will lack behind prior years”.
Bookmark this page:
European hoteliers lag their U.S. counterparts in social-media adoption
Theodore Koumelis
-
Thursday, February 09, 2012
Amadeus joins forces with Conferma to launch automated hotel billback support
Vicky Karantzavelou
-
Wednesday, February 08, 2012
SiteMinder predicts trends for online hotel distribution for 2012
Tatiana Rokou
-
Wednesday, February 08, 2012
Hotel prices in popular Greek tourist destinations fall by up to 20%
Tatiana Rokou
-
Tuesday, February 07, 2012
Rich pickings in Europe for high-end responsible travel
Vicky Karantzavelou
-
Tuesday, November 08, 2011
European airport traffic contrast continues during July
Vicky Karantzavelou
-
Wednesday, September 07, 2011
