Hotel Industry Performance Europe

Hotel Occupancy in the European Region Up 3.9% to 67.3% November 2013

Three markets experienced occupancy growth of more than 15 percent: Vilnius, Lithuania (+26.5 percent to 69.6 percent); Tel Aviv, Israel (+16.4 percent to 75.1 percent); and Athens, Greece (+16.1 percent to 54.3 percent).

STR Global The European hotel industry posted positive results in year-over-year metrics when reported in U.S. dollars, Euros and British pounds for November 2013, according to data compiled by STR Global.

“Throughout the recovery, North America has steadily outperformed Europe in terms of demand growth on a 12- month rolling basis”, said Elizabeth Winkle, STR Global’s managing director. “However, in October 2013, demand growth for Europe began to outpace the demand growth of North America and this continues in November as well”.

“Europe, on a 12-month rolling basis has achieved 3.2 percent demand growth during November. In contrast, North America has achieved 2.2 percent demand growth over the same period during November, highlighting where the regions are in their respective cycles”, said Winkle.

Year-over-year November 2013 figures for Europe (U.S. dollars, Euros and British pounds):

Table - Year-over-year November 2013 hotel industry figures for Europe (U.S. dollars, Euros and British pounds):

Source: STR Global

Highlights from key market performers for November 2013 include (year-over-year comparisons, all currency in Euros):
• Three markets experienced occupancy growth of more than 15 percent: Vilnius, Lithuania (+26.5 percent to 69.6 percent); Tel Aviv, Israel (+16.4 percent to 75.1 percent); and Athens, Greece (+16.1 percent to 54.3 percent).
• Istanbul, Turkey, fell 6.4 percent in occupancy to 69.0 percent, reporting the largest decrease in that metric.
• Vilnius rose 42.1 percent in ADR to EUR70.25, achieving the largest increase in that metric, followed by Warsaw, Poland (39.4 percent to EUR100.43).
• Moscow, Russia (-12.2 percent to EUR137.46) posted the largest ADR decrease for the month.
• Four markets experienced RevPAR growth of more than 20 percent: Vilnius (+79.8 percent to EUR48.92); Warsaw (+52.3 percent to EUR78.94); Tallinn, Estonia (+26.4 percent to EUR43.67); and Copenhagen, Denmark (+20.8 percent to EUR83.32).
• Istanbul fell 13.3 percent in RevPAR to EUR90.62, reporting the largest decrease in that metric.

Performances of key countries in November 2013* (all monetary units in local currency):

Table - Hotel Industry Performances of key countries in November 2013

*percentages are increases/decreases for November 2013 versus November 2012

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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, segmentation data, forecasts, annual profitability, pipeline and census information. Hotel operators can join the surveys on a complimentary basis and benefit from free industry data. 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.



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