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Unimpressive February for hotels

Eurobuild CEE 20 March 2020
EUROPE The hotel occupancy in European hotels fell in February by 1.8 pct to 63.6 pct, according to STR. Revenue per available room (RevPAR) decreased by 0.6 pct to EUR 64.68.
On the other hand average daily rate increased by 1.2 pct to EUR 101.68. “February data had not yet shown the full COVID-19 impact on hotels across the continent,”

“Europe’s hotel industry reported mostly negative figures for the three key performance metrics during February 2020, but February’s data did not yet show the full covid-19 impact on hotels across the continent,” says STR.
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