According to year-end 2021 data from hotel industry market data company STR, hotel occupancy, the average daily rate (ADR) and revenue per available room (RevPAR) were all down in Europe last year, compared to pre-pandemic 2019.
In a statement published on its website, STR noted that occupancy in Europe was 43.3% in 2021, which was 40.0% less than 2019, while ADR was US$125.54, which was 6.9% less than 2019, and RevPAR was US$54.35, which was 44.2% less than 2019.
The statement published on STR’s website revealing the aforementioned figures also revealed that occupancy, ADR and RevPAR were down, compared to 2019 in Asia, Australia and Oceania, the Middle East, Africa, North America, and South America, with RevPAR recovery in the Middle East being the highest globally, with RevPAR in the region being 85.6% of 2019 last year.
STR Managing Director Statement
Get a FREE Digital Subscription!Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
The statement published on STR’s website revealing the aforementioned information also included one from its managing director, Robin Rossmann, wherein he said, “Year-end data displays the significant variance in recovery by region, stemming from different levels of pandemic restrictions around the world. The Middle East has been a leader in [...] opening to international arrivals, as well as hosting large events, such as Expo 2020, which has driven hotel performance in Dubai. On the other side of the spectrum, there are areas, such as Europe, where recovery has stalled due to the reimplementation of Covid restrictions. As we get further into 2022 and subsequent lockdowns phase out, we expect recovery to resume.”
© 2022 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.