2020 worst year ever for Europe, US, Asia Pacific, Middle East and African hotel markets
COVID-wracked 2020 was the worst year ever in terms of performance for the Asia-Pacific, US, Europe, African and Middle East hotel markets, according to industry analyst STR. Asia Pacific Occupancy: 44.5% (-35.6% compared with 2019)
Average daily rate (ADR): US$74.99 (-22.2%)
Revenue per available room (RevPAR): US$33.39 (-49.9%) Each of the three key performance metrics were the lowest for any year on record in the region. United States STR says the U.S. hotel industry reported all-time lows in occupancy and revenue per available room (RevPAR), while average daily rate (ADR) was the lowest in a decade. Occupancy: 44.0% (-33.3% compared...
Source: https://www.traveltrends.biz/ttn555-2020-worst-year-ever-for-europe-us-asia-pacific-middle-east-and-african-hotel-markets/
COVID-wracked 2020 was the worst year ever in terms of performance for the Asia-Pacific, US, Europe, African and Middle East hotel markets, according to industry analyst STR. Asia Pacific Occupancy: 44.5% (-35.6% compared with 2019)
Average daily rate (ADR): US$74.99 (-22.2%)
Revenue per available room (RevPAR): US$33.39 (-49.9%) Each of the three key performance metrics were the lowest for any year on record in the region. United States STR says the U.S. hotel industry reported all-time lows in occupancy and revenue per available room (RevPAR), while average daily rate (ADR) was the lowest in a decade. Occupancy: 44.0% (-33.3% compared...
Source: https://www.traveltrends.biz/ttn555-2020-worst-year-ever-for-europe-us-asia-pacific-middle-east-and-african-hotel-markets/
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