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How long will it take Europe to recover to hotel occupancy levels of 40-50%?

Source: https://str.com/data-insights-blog/covid-19-webinar-summary-5-key-points-europe-hotel-performance-4-june

Three months ago, China hit a 15% occupancy level, however, on 30 May, the market posted 47% occupancy followed by U.S (38%) and Middle East (38%). Europe occupancy, however, was just 15% on that same day.

First signs of performance recovery

The weekend of 29-31 May showed the first occupancy green shoots in Germany, Austria, Switzerland and The Netherlands. While Switzerland posted a 29% occupancy level, Germany and The Netherlands reached 23% occupancy.

After 3 months of negative pick-up, there isn’t much left on the books

Resilient Spanish Islands

Balearic Islands and Canary Islands have shown to be more resilient than cities like Madrid and Barcelona. Powered by Forward STAR data, the below image includes forward business on the books for the next 12 months as of 1 June, and further insights are provided in the full webinar recording. Business-on-the-books intelligence will help us all understand recovery and provide much-needed context. Those insights can be accessed for free when you submit your data. If you are interested, please email sales@str.com.

To learn more about the data behind this article and what STR has to offer, visit https://str.com/.

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Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

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The email you entered is not valid.

LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us