This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.  Find out more here  Close
STR Global: Europe results for April
May 22 2013

Three markets in the Europe region achieved RevPAR increases of 15% or more during the month of April.

HNN Newswire

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

“Europe has seen virtually no growth in 2013 with RevPAR increases of only 0.8 percent year-to-date April, in euros”, said Elizabeth Winkle, managing director of STR Global. “Unlike the ADR growth at the end of 2012, 2013 is showing all growth coming from occupancy, which increased modestly 1.6 percent to 60.4 percent. 

“While many European cities are posting declines, Bratislava (+17.1 percent), Dublin (+ 13.0 percent) and Istanbul (10.3 percent) all reported double-digit RevPAR increases”, Winkle continued. “Bratislava is benefitting from strong occupancy growth (+19.9) to 49.8 percent, albeit from a low base. Dublin has hit its stride after its recovery in 2012. Through April, Dublin hotels have boasted occupancy growth of 6.1 percent to 67.9 percent, and ADR improved 6.5 percent to €84.52. Strong demand and limited new supply are creating a better environment for hotels, and with the destination considered more affordable, I expect the growth trend to continue. Additionally, Istanbul continues to drive rate with an ADR increase of 10.3 percent, contributing entirely to the strong RevPAR performance”.

Highlights from key market performers for April 2013 include (year-over-year comparisons, all currency in euros):

  • Bucharest, Romania, reported the largest occupancy increase, rising 19.3 percent to 61.1 percent. Three other markets experienced double-digit occupancy increases: Bratislava, Slovakia (+16.1 percent to 61.0 percent); Zurich, Switzerland (+13.7 percent to 70.8 percent); and Vilnius, Lithuania (+11.3 percent to 60.6 percent).
  • Tallinn, Estonia (-12.5 percent to 53.6 percent), posted the largest occupancy decrease in April.
  • Berlin, Germany, rose 11.2 percent in ADR to EUR87.61, reporting the largest increase in that metric.
  • Barcelona, Spain, posted the largest ADR decrease, falling 10.1 percent to EUR110.45.
  • Three markets achieved RevPAR increases of 15 percent or more: Bucharest (+24.9 percent to EUR47.82); Zurich (+22.9 percent to EUR136.07); and Bratislava (+15.0 percent to EUR37.81).
  • Barcelona reported the largest RevPAR decrease, falling 19.0 percent to EUR80.49.

View the global hotel review for the month of April.

Media contacts:

Naureen Ahmed
Manager, Marketing & Analysis
STR Global
NAhmed@strglobal.com
+44 (0)207 922 1965

Jeff Higley
VP, Digital Media & Communications
jeff@str.com
+1 (615) 824-8664 ext. 3318

Rachael Spann Urie
Director, Public Relations
rurie@str.com
+1 (615) 824-8664 ext. 3305

COMMENTS   Show All
Login or enter a name   Post Your Comment  Check to follow this thread via email alerts (must be logged in)
(4000 characters max)

Comments that include links or URLs will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff

TRENDING
Tiered Wi-Fi emerges as new industry model
Heartbleed a ‘significant’ threat to hotels
How to mitigate dependence on OTAs
Omni Nashville GM hits hotel jackpot
The role of today’s management company
A ho(s)tel path: Meininger builds rare model
VIDEO
Hunter Hotel Conference postgame wrap
Bazin outlines Accor investment strategy
Accor's Bazin talks growth
Sébastien Bazin's view from the top
Chris Nassetta talks lifestyle brand
LATEST NEWS
US hotel management contracts list
Wyndham betting on refreshed prototypes
US hotels report occupancy, RevPAR decreases
Global chains gain steam in lifestyle space
Cracks forming in loan underwriting?
Capital recycling fuels Hyatt’s growth
Contact Us
Hotel News Now
18500 Lake Rd.
Suite 310
Rocky River, Ohio 44116
        
Copyright © 2004 - 2014 Hotel News Now, a division of STR, Inc. All Rights Reserved.   Privacy