COVID-19

Europe records lowest revpar

Europe recorded its lowest revpar and occupancy for any month on record in April, according to STR.

The company also reported results for Russia and the Netherlands, which saw historic lows.

For Europe as a whole, occupancy was down 84.6% on the year to 11.1%, with ADR down 30.1% to €77.52 and revpar falling by 89.2% to €8.58.

In Russia, occupancy was down 89.0% to 7.2%, with ADR falling by 25.3% to Rub3,712.65 and revpar down by 91.8% to Rub267.20.

The absolute levels in each of the three metrics were the lowest for any month in STR’s Russia database. Among key markets in the country, Moscow and Saint Petersburg saw single-digit absolute occupancy levels during the month, of 9.1% and 2.8%, respectively.

In the Netherlands, occupancy was down 90% to to 8.2% with ADR dropping by 41.6% to €82.69 and revpar 94.2% lower, at €6.76. The absolute occupancy and revpar levels were the lowest for any month in STR’s Netherlands database. At the market-level, Amsterdam’s occupancy fell 92.6% to 6.4%.