The European hotel industry posted mostly positive results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for November 2010, according to data compiled by STR Global.
The European hotel industry posted mostly positive results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for November 2010, according to data compiled by STR Global.
| Europe | % change | |
| Occupancy | 64.1% | +6.4% |
| ADR (U.S. dollars) | $132.02 | -4.5% |
| ADR (euros) | €100.08 | +8.5% |
| ADR (British pounds) | £84.72 | +1.1% |
| RevPAR (U.S. dollars) | $84.58 | +1.6% |
| RevPAR (euros) | €64.12 | +15.4% |
| RevPAR (British pounds) | £54.28 | +7.6% |
Source: STR Global
“Europe was the second region after Asia/Pacific which reported RevPAR growth in December 2009”, said Elizabeth Randall, managing director of STR Global. “Since then, we have seen monthly RevPAR improvements driven by occupancy and ADR growth. Compared to the year-to-November 2008 results, Europe’s year-to-date occupancy is just off 1.4 percentage points and the region is €8 behind year-to-date 2008. The performance of key cities across Europe can be attributed to the wider economic conditions in the respective countries or supply increases. For instance, Athens, Copenhagen, Dublin, Moscow and Oslo reported year-to-date RevPAR declines, while Amsterdam, Tel Aviv and London grew the strongest this year (in local currency)”.
Highlights from key market performers for November include (year-over-year comparisons, all currency in euros):
| Country | Occupancy | % change | ADR | % change | RevPAR | % change |
| Germany | 67.2% | +7.5% | EUR91.98 | +12.9% | EUR61.85 | +21.4% |
| Italy | 56.4% | +9.4% | EUR105.57 | +1.3% | EUR59.58 | +10.9% |
| Russia | 54.1% | +10.8% | RUB5384.57 | +4.2% | RUB2915.41 | +15.5% |
| Spain | 59.7% | +8.2% | EUR81.28 | +4.2% | EUR48.54 | +12.7% |
| United Kingdom | 72.1% | +3.9% | GBP87.42 | +5.0% | GBP63.00 | +9.2% |
*percentages are increases/decreases for November 2010 vs. November 2009
About STR Global
STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics, and HotelNewsNow.com. For more information, please visit www.strglobal.com.
