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Travel

5 key points on European hotel performance, August Update

Source: https://str.com/data-insights-blog/covid-19-webinar-summary-5-key-points-european-hotel-performance-7-august

Hotels reopen as lockdowns are lifted

While Germany boasts the most open hotels in Europe, U.K. hotels are opening the fastest having started July with 70% of hotels closed and ending the month at just 20% hotels closed.

Staycations bolster European hotel occupancy

European hotel occupancy is significantly healthier moving into August, with coastal markets in many countries experiencing the strongest recovery.

Some European countries starting to experience “second waves”

Increases in COVID-19 caseloads have caused six countries to re-implement controls, leading to minor occupancy dips over the past week.

Limited occupancy on the books as summer ends

Many countries are averaging 10-20% occupancy on the books over the next three months. Pickup over the past month has been flat as cancellations and new bookings offset each other.

Positive pickup in August

Pickup remained positive in August but fell off for the rest of 2020 due to continued uncertainty and increased capacity allowing for shorter booking times.

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

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Founded in 1992 with the aim of accurately documenting import‐export transactions in the Americas, built and maintained by an international team, Descartes Datamyne today is a top‐ranked provider in the highly competitive US market for trade data.