×
The email you entered is not valid.
Travel

COVID-19 webinar summary: 5 key points on Europe hotel performance, 11 June

Source: https://str.com/data-insights-blog/covid-19-webinar-summary-5-key-points-europe-hotel-performance-11-june

Knowing you might not have time to watch our full webinars, we are pleased to continue our series of COVID-19 webinar summaries. In this latest edition, we talk performance and signs of in Europe.

Recovery starting point

While Europe prepares for the summer months, hotel performance levels remain low. The U.K. is the outlier most recently, however, with a 59.5% occupancy level on a rolling 7-day average ending with 6 June. That performance came as pent-up demand during reopening met additional demand for the half-term school holiday.

During the same time, Portugal posted a 43.7% occupancy level followed closely by Spain (37.2%), Poland (35.0%) and France (34.6%). Generally speaking, news around the continent is encouraging with vaccine distribution progressing in many countries.

More leisure demand on the horizon

Due to strong summer leisure demand, Spain shows higher occupancy on the books than any other country in Europe (besides the U.K.). Although there are still restrictions and uncertainty, we expect to see markets such as the Canary and Balearic Islands ramping up, especially over the coming weeks.

Regional markets

The U.K.’s regional destinations continue to lead recovery in the market thanks to the demand from national tourists.

Portugal: market-level performance

For the week ending with 6 June, Algarve posted a 34.8% occupancy level, followed by Cascais & Estoril (22.0%), Porto Area (15.6%) and Lisbon (14.5%).

Edinburgh serviced apartments

Serviced apartments in Edinburgh have maintained higher occupancy than hotels. For the week ending with 30 May, serviced apartments showed a 73.0% occupancy level. For comparison, all accommodations posted a 52.9 occupancy level that same week.

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

GET WEEKLY ALERTS

Sign up to receive our stories in your inbox.

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

Consumer Edge Research

Consumer Edge Insight offers exclusive street-ready big-data products engineered for alpha generation by Data Science Teams & Portfolio Managers alike. CEI offers a number of alternative data products including CE Transact, our leading U.S. credit/debit card insight product (15M cards). CE Transact products provide aggregated revenue signal, deep fundamental cohort analysis and/or granular transaction-level data feeds with unparalleled metadata. Advantages: shortened latency (T+4), better panel representativeness (9M+ daily panel), and metadata integration such as demographics (at cardholder level). All data is cleaned with CEs Advanced Tagging System.

GET WEEKLY ALERTS

Sign up to receive our stories in your inbox.

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

Consumer Edge Research

Consumer Edge Insight offers exclusive street-ready big-data products engineered for alpha generation by Data Science Teams & Portfolio Managers alike. CEI offers a number of alternative data products including CE Transact, our leading U.S. credit/debit card insight product (15M cards). CE Transact products provide aggregated revenue signal, deep fundamental cohort analysis and/or granular transaction-level data feeds with unparalleled metadata. Advantages: shortened latency (T+4), better panel representativeness (9M+ daily panel), and metadata integration such as demographics (at cardholder level). All data is cleaned with CEs Advanced Tagging System.