STR: Europe hotel performance for July 2018
 
STR: Europe hotel performance for July 2018
24 AUGUST 2018 7:47 AM

Europe's hotels saw occupancy increase by 0.8% to 78.6% in July, while ADR rose 6.2% to €123.11 ($142.66) and RevPAR increased 7% to €96.82 ($112.19).

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

Euro constant currency, July 2018 vs. July 2017

Europe

• Occupancy: +0.8% to 78.6%
• Average daily rate (ADR): +6.2% to EUR123.11
• Revenue per available room (RevPAR): +7.0% to EUR96.82

Local currency, July 2018 vs. July 2017

London

• Occupancy: +4.0% to 91.0%
• ADR: +4.3% to EUR170.63
• RevPAR: +8.5% to EUR155.31

The absolute ADR and RevPAR levels were the highest for any month in STR’s London database. STR analysts attribute the strong performance to an unseasonably warm summer, as well as high-impact events such as Wimbledon and London Pride.

Moscow

  • Occupancy: +3.6% to 78.0%
  • ADR: +185.9% to RUB14,099.74
  • RevPAR: +196.2% to RUB11,001.70

The absolute performance levels were each down from the previous month, but were the largest for any July on record. STR analysts note that a lack of significant supply growth ahead of the 2018 FIFA World Cup allowed for more performance growth in the market.

Download STR's July 2018 global hotel review here.

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