Europe hotel industry records positive results for January 2016

Published on : Tuesday, March 1, 2016

str globalThe European hotel industry recorded positive results in the three key performance metrics when reported in Euro constant currency, according to January 2016 data from STR Global.



Compared with January 2015, Europe reported a 1.4% increase in occupancy to 54.7%, a 1.5% rise in average daily rate to EUR100.52 and a 3.0% lift in revenue per available room to EUR55.03.



Performance of featured countries for January 2016 (local currency, year-over-year comparisons):

Belgium saw a 2.1% dip in occupancy to 55.5%, but a 3.1% rise in ADR to EUR97.34 pushed a 0.9% increase in RevPAR to EUR54.04. The absolute RevPAR level was the highest for a January in Belgium since 2008. The market is showing small signs of recovery following the Paris terrorist attacks in November.


Russia posted a 2.0% increase in occupancy to 42.5% as well as double-digit growth in ADR (+11.0% to RUB5,078.63) and RevPAR (+13.2% to RUB2,158.66). The country’s hotel market has posted eight consecutive months of double-digit revenue growth. According to STR Global analysts, that streak has been helped by the weakness of the Russian Ruble and a subsequent increase in domestic tourism.


Switzerland reported decreases across the three key performance metrics: occupancy (-1.7% to 53.0%), ADR (-3.3% to CHF254.34) and RevPAR (-4.9% to CHF134.84). STR Global analysts note that performance results still reflect the Swiss National Bank’s January 2015 decision to unpeg the Swiss Franc from the Euro.


Turkey experienced a 6.2% decline in occupancy to 47.6%, but double-digit growth in ADR (+10.0% to TRY259.41) drove up RevPAR (+3.2% to TRY123.44) for the month. Compounding on a traditionally slow month in Turkey, security concerns related to recent terrorist attacks, and the close proximity to the Syrian refugee crisis kept absolute occupancy below 50.0%. Hoteliers raised rates in January with demand in decline.



Performance of featured markets for January 2016 (local currency, year-over-year comparisons):

Budapest, Hungary, posted increases in each of the three key performance metrics: occupancy (+1.8% to 48.8%), ADR (+6.3% to HUF21,745.38) and RevPAR (+8.3% to HUF10,621.66). STR Global analysts labelled the month’s performance as “good” during a traditionally slow season.


Dublin, Ireland, experienced a 7.3% lift in occupancy to 63.7% as well as double-digit growth in ADR (+19.4% to EUR104.36) and RevPAR (+28.0% to EUR66.51). Strong demand experienced in the last two years has greatly affected hotels in Dublin and allowed hoteliers to raise rates.


Tel Aviv, Israel, reported increases in occupancy (+2.9% to 58.3%) and RevPAR (+3.2% to ILS466.76). ADR (+0.2% to ILS800.02) in the market remained steady. The overall performance was average for the market’s slow season.


Belgrade, Serbia, saw substantial increases in occupancy (+55.2% to 42.0%) and RevPAR (+31.0% to RSD3,795.31). ADR for the month dropped 15.6% to RSD9,030.26. Significant supply growth (+9.3%) outpaced demand performance (+5.3%) in 2015. Absolute occupancy for January remained in line with recent months but was a significant improvement from a low base in January 2015.


Source: STR Global.

Tags: , , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 03 itb-asia 2017
  • 04 Imex America 2017
  • 10 Globalwellnesssummit 2017
  • 11 AHIF 2017
  • 12 TTF17
  • 13 Frontiers Forum 2017
  • 14 bltm 2017
  • 15 leisure 17
  • 16 SKAL 17
  • 17 hospitalityqatar 17
  • 17 worldmiceday 2017
  • 18 worldmiceday 2017
  • 19 IITM
  • 19 TTG Incontri 2017
  • 43 PATA


Get our toolbar!
Review on