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STR: EMEA and Central/South America hotel performance for 2020

Hotels in EMEA reported all-time lows in occupancy and revenue per available room (RevPAR).

LONDON – Europe’s hotel industry reported all-time lows in occupancy and revenue per available room (RevPAR), according to STR's year-end 2020 data.

Euro constant currency, 2020 vs. 2019

  • Occupancy: 33.1% (-54.2%)
  • Average daily rate (ADR): EUR93.34 (-18.2%)
  • Revenue per available room (RevPAR): EUR30.86 (-62.5%)

Local currency, 2020 vs. 2019

United Kingdom

  • Occupancy: 40.5% (-47.7%)
  • ADR: GBP72.08 (-23.9%)
  • RevPAR: GBP29.17 (-60.2%)

The absolute occupancy and RevPAR levels were the lowest for any year on record in STR’s U.K. database. Amid continued COVID-19 lockdowns around the country, December performance was down from the prior month, and the country’s 26.1% occupancy level was its lowest since May.

Netherlands

  • Occupancy: 30.0% (-60.3%)
  • ADR: EUR93.06 (-24.1%)
  • RevPAR: EUR27.96 (-69.8%)

Each of the three key performance metrics were the lowest for any year on record in the Netherlands. Occupancy in the country fell to a low point in April (8.5%) but improved to as high as 44.2% in August thanks to domestic demand during the summer holidays. However, reflecting the impact of a new lockdown, December occupancy (14.2%) was the lowest for the country since May.

Middle East and Africa hotel performance
Hotels in both the Middle East and Africa reported all-time lows in occupancy and revenue per available room (RevPAR), according to year-end 2020 data from STR.

US$ constant currency, 2020 vs. 2019

Middle East

  • Occupancy: 45.9% (-30.3%)
  • Average daily rate (ADR): US$117.23 (-17.3%)
  • Revenue per available room (RevPAR): US$53.77 (-42.4%)

Africa

  • Occupancy: 29.0% (-52.6%)
  • ADR: US$103.12 (-3.3%)
  • RevPAR: US$29.86 (-54.1%)

While total-year occupancy and RevPAR levels fell to all-time lows, both regions ended the year on a high note, with December monthly data reaching closer to pre-pandemic levels in each of the three key performance metrics. 

Local currency, 2020 vs. 2019

Qatar

  • Occupancy: 56.6% (-14.8%)
  • ADR: QAR356.13 (-4.4%)
  • RevPAR: QAR201.50 (-18.5%)

Each of the three key performance metrics were the lowest for any year in STR’s Qatar database. However, the country’s occupancy level remained high compared with others around the world. In August and September, Qatar accomplished the rare feat of year-over-year growth in ADR (+0.1%). 

United Arab Emirates

  • Occupancy: 51.7% (-29.3%)
  • ADR: AED418.83 (-16.5%)
  • RevPAR: AED216.45 (-41.0%)

Each of the three key performance metrics were the lowest for any year in STR’s UAE database, but performance toward the end of the year pulled closer to pre-pandemic levels. December occupancy (67.4%) and RevPAR (AED371.24) were the highest in the country since February.  

Central/South America hotel performance
The Central/South America hotel industry reported record lows in occupancy and revenue per available room (RevPAR), according to year-end 2020 data from STR.

US$ constant currency, 2020 vs. 2019

  • Occupancy: 30.0% (-48.7%)
  • Average daily rate (ADR): US$78.75 (-10.1%)
  • Revenue per available room (RevPAR): US$23.62 (-53.9%)

Local currency, 2020 vs. 2019

Colombia

  • Occupancy: 25.5% (-57.2%) 
  • ADR: COP255,835.94 (-5.1%)
  • RevPAR: COP65,171.63 (-59.4%)

The occupancy and RevPAR levels were the lowest for any year on record in STR’s Colombia database. April was the country’s low point for occupancy (6.0%), but steady improvement returned the country to 30.9% in December. 

Ecuador

  • Occupancy: 26.3% (-56.0%)
  • ADR: US$76.29 (-17.8%) 
  • RevPAR: US$20.09 (-63.9%)

The absolute occupancy and RevPAR levels were the lowest on record in Ecuador. June was the country’s lowest occupancy (8.3%) month, but levels returned to 30.0% by December. 

News Editor - TravelDailyNews Media Network | + Posts

Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.

She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

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