Hotel Industry Performance Europe

Madrid Experiences Record-Breaking Hotel Performance for October 2018

European Hotel Industry Reports Positive Performance Metrics for October 2018
Calle Gran Vía, Madrid, Spain - Photo by Florian Wehde on Unsplash
Madrid Experiences Record-Breaking Hotel Performance for October 2018


Madrid experiences record-breaking hotel performance - Amsterdam hotels benefit from busy events calendar

Europe’s hotel industry reported positive results in the three key performance metrics during October 2018, according to data from STR.

Euro constant currency, October 2018 vs. October 2017


• Occupancy: +2.4% to 77.4%
• Average daily rate (ADR): +6.0% to EUR116.15
• Revenue per available room (RevPAR): +8.6% to EUR89.89

Local currency, October 2018 vs. October 2017


• Occupancy: +5.6% to 85.7%
• ADR: +17.9% to EUR138.88
• RevPAR: +24.5% to EUR119.07

The absolute RevPAR level was the highest for any month in STR’s Madrid database. STR analysts attribute a 7.4% jump in demand (room nights sold) to the CPhI Worldwide pharmaceutical conference (9-11 October) as well as the overall health of the market.


• Occupancy: -1.4% to 84.9%
• ADR: +3.2% to EUR158.87
• RevPAR: +1.8% to EUR134.96

STR analysts attribute the strong performance to multiple events held in October: Helitech International (16-18 October), the Offshore Energy Exhibition & Conference (22-24 October) and the Amsterdam Dance Event (17-21 October).

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