ASIA Travel Tips.com

European Hotel Industry Performance in August 2009

Search ASIA Travel Tips .com Send to Friend ASIA Travel Tips.com Latest Travel News Tuesday, 29 September 2009

According to data compiled by STR Global, figures for the European hotel industry's occupancy, average daily rate and revenue per available room ranged from double-digit losses to double-digit gains in August 2009, depending on the market and the currency used for comparison.

“With the help of leisure demand in this summer holiday season, Italy reported a strong performance in occupancy,” said Elizabeth Randall, managing director of STR Global. “Italy reported a 4.6% increase in occupancy for the month. Among the key markets, the Italian markets performed best in occupancy, Rome was up 17.9%, Florence rose 13.4%, and Venice increased 10.2%. The Spanish markets were also positively affected by leisure travel, Barcelona reported an increase of 8.2% in occupancy for the month.”

Key Market Highlights for August 2009 (year-on-year)

• Three markets reported double-digit occupancy increases: Rome, Italy (+17.9% to 64.8%); Florence, Italy (+13.4% to 57.6%); and Venice, Italy (+10.2% to 68.3%).

• Geneva, Switzerland, was the only market to experience an occupancy decrease of more than 20%, falling 21% to 56.7%.

• Geneva posted the largest ADR increase, up 6.5% to EUR247.11, followed by Barcelona, Spain (+4.7% to EUR115.34).

• Three markets experienced ADR decreases of more than 20%: Moscow, Russia (-39.2% to EUR105.64); Munich, Germany (-31.0% to EUR74.12); and Budapest, Hungary (-22.6% to EUR59.83).

• Barcelona reported the largest RevPAR increase, up 13.3% to EUR88.00, followed by Rome with a 9.8-percent increase to EUR73.46.

• Four markets posted RevPAR decreases of more than 25%: Moscow (-44.9% to EUR61.84); Munich (-35.7% to EUR47.49); Budapest (-29.1% to EUR39.88); and Oslo, Norway (-26.0% to EUR71.14).

See other recent news regarding: Airlines, Airports, Flights, Codeshare, Lounges, First Class, Business Class, MICE, GDS, Rewards, Miles, Hotels, Apartments, Promotions, Spas, New Hotels, Traffic, Visitor Arrivals, Cruises, Free Deals, STR, Statistics, Performance, Europe, August 2009

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Sustainable Hotels and MICE. Exclusive HD video interview with Grace Kang, Managing Partner of Greenview Hospitality. Criteo Travel Flash Report 2016. Exclusive HD video interview with Mr. Daniele Beccari, Global Head of Travel at Criteo. Chef Fernando Arevalo, originally from Bogota, Colombia, worked his culinary magic in New York and Hong Kong before moving to Singapore where he is today the Executive Chef of Artemis Grill on the 40th floor of Singapore's newest green building - CapitaGreen.
Sustainable Hotels and MICE Criteo Travel Flash Report Colombian Chef in Singapore
Exclusive HD video interview with Mr. Hiroshi Sawabe, Executive Director of the Office of International Tourism, at JATA (Japan Association of Travel Agents). In this interview filmed on 24 September at the JATA Tourism Expo 2016 in Tokyo, Japan, Mr. Sawabe speaks to Steven Howard of TravelNewsAsia about the status of tourism within the country. HD Videos from Sabre's Travel Technology Exchange APAC 2016. Sabre, a leading technology provider to the global travel industry, hosted over 500 members of the Asia Pacific travel industry at its inaugural Asia Pacific Travel Technology Exchange (TTX) conference in Beijing from 21 to 24 September 2016 Spa and Wellness Industry - HD Video Interview with MD of Thailand-based Destination Spa Management, Joy Menzies.
Japan Tourism Update Sabre TTX APAC 2016 Destination Spa Management
Jonathan Wigley, CEO of Travelodge Thailand, outlines expansion plans in HD Video Interview. Exclusive HD video interview with Myanmar's Minister of Tourism and Hotels, H.E. U Ohn Maung, about the status of tourism in the beautiful and mystical country of Myanmar (formerly known as Burma). Birth of a Luxury Thai Hotel Brand - HD Video Interview with Christopher E. Stafford, Chief Operating Officer of the newly formed 137 Pillars Hotels & Resorts.
CEO of Travelodge Thailand Myanmar Tourism Update Birth of Luxury Thai Hotel Brand
This HD video tour of Thai AirAsia X's brand new 337-seat Airbus A330-300 aircraft was filmed at Don Mueang Airport in Bangkok, Thailand on 14 May 2014  Exclusive HD video interview with Jaime J. Bautista, President & Chief Operating Officer (COO) of Philippine Airlines (PAL) HD video of the interior and exterior of a Thai Vietjet Airbus A320-200.
Thai AirAsia X A330-300 PAL President & COO Thai Vietjet A320-200
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER
Latest Travel News
Advertising
Advertising
Copyright © 1997-2016 ASIATravelTips.com/TravelNewsAsia.com