European hotel industry posts mixed results in April
The European hotel industry reported mixed year-over-year results for April 2009, according to data compiled by STR Global.
Published: 29 May 2009
The European hotel industry reported mixed year-over-year results for April 2009, according to data compiled by STR Global.
Figures for occupancy, average daily rate and revenue per available room ranged from double-digit losses to single-digit gains, depending on the market and the currency used for comparison.
“Across Europe, RevPAR for the month fell by double digits as a result of the Easter holidays. But because we did not see a year-over-year rebound in March (Easter occurred in March last year), we expected the numbers to be worse,” said James Chappell, managing director of STR Global.
“Italy and Spain reported similar RevPAR declines as in March, which is a good sign of possible stabilization. Other countries like Belgium, Germany, the Netherlands and the U.K., however, reports higher declines this month as expected.”
Key year-over-year market performers for April include (all currency figures are in euros):