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The European hotel industry reported mixed year-over-year results when reported in U.S. dollars, euros and British pounds for April 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 single-digit gains, depending on the market and the currency used for comparison.
“Across Europe, RevPAR for the month fell by double digits as a result of the Easter holidays. But because we did not see a year-over-year rebound in March (Easter occurred in March last year), we expected the numbers to be worse,” said James Chappell, managing director of STR Global. “Italy and Spain reported similar RevPAR declines as in March, which is a good sign of possible stabilization. Other countries like Belgium, Germany, the Netherlands and the U.K., however, reports higher declines this month as expected.”
Key year-over-year market performers for April include (all currency figures are in euros):
- Edinburgh, Scotland, reported the largest increase in occupancy among the key markets, rising 7.3 percent to 76.8 percent.
- Three key markets reported occupancy decreases of more than 30 percent: Geneva, Switzerland (-33.1 percent to 50.7 percent); Dusseldorf, Germany (-31.8 percent to 47.6 percent); and Tel Aviv, Israel (-30.7 percent to 58.2 percent).
- Salzburg, Austria, reported the largest increase in ADR, which was up 28.9 percent to 126.49 euros. Tel Aviv also reported a double-digit increase in ADR, which rose 23.0 percent to 193.51 euros.
- Dusseldorf reported the largest decrease in ADR, which was down 46.5 percent to 79.85 euros. Moscow, Russia, followed with a 38.0-percent decrease in ADR to 168.70 euros.
- Salzburg was the only key market to increase in RevPAR. It was up 28.1 percent to 66.05 euros.
- Seven markets reported RevPAR decreases of more than 40 percent: Dusseldorf (-63.5 percent to 38.05 euros); Geneva, Switzerland (-46.8 percent to 100.47 euros); Moscow (-45.6 percent to 106.76 euros); Frankfurt, Germany (-43.6 percent to 50.81 euros); Oslo, Norway (-41.0 percent to 53.39 euros); Gothenburg, Sweden (-40.9 percent to 42.56 euros); and Stockholm, Sweden (-40.9 percent to 53.16 euros).
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
