• Dublin sets Q2 performance record
  • Moscow performance soars thanks to the World Cup

LONDON – Europe's hotel industry reported positive results in the three key performance metrics during Q2 2018, according to data from STR.

Euro constant currency, Q2 2018 vs. Q2 2017

Europe

  • Occupancy: +1.1% to 75.5%
  • Average daily rate (ADR): +3.8% to EUR115.54
  • Revenue per available room (RevPAR): +4.9% to EUR87.20

Local currency, Q2 2018 vs. Q2 2017

Dublin

  • Occupancy: +0.2% to 89.6%
  • ADR: +9.5% to EUR155.75
  • RevPAR: +9.7% to EUR139.51

The absolute values for occupancy, ADR and RevPAR were each the highest for any Q2 inSTR's Dublin database. The ADR value was the highest for any quarter. According to STRanalysts, Dublin's already high occupancy levels have left little room for year-over-year growth. However, the market's popularity as a destination and consistent demand for rooms continue to result in record-breaking performance.

Moscow

  • Occupancy: +9.3% to 77.6%
  • ADR: +78.9% to RUB9,731.73
  • RevPAR: +95.5% to RUB7,549.57

The absolute performance levels were each the highest for any Q2 in STR's Moscow's database. Helped by a lack of significant supply growth and the obvious demand boost around the FIFA World Cup, the market exceeded performance expectations in June with a 206.8% spike in ADR to RUB17,029.19 and a subsequent 244.5% rise in RevPAR to RUB14,476.69. Saint Petersburg, on the other hand, saw June RevPAR fall 3.0% to RUB8,989.07 due to a 15.4% decline in occupancy.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Alex Anstett
Media & Communications Coordinator - STR
STR

Related