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Analysis

Performances in Europe main cities are severely dropping

Spain and France are strongly affected by the Covid-19 pandemic. What are the performances of their capital cities?

Under these exceptional circumstances, Hospitality ON and its partner OK-Destinations make the hotel performance statistics available for free access so that you can follow the news and keep updated in the best possible way.

Data are from March 1st to 17, indeed several prperties strated to close from mid-March  due to the lack of clients in the properties.

On the period, Paris lost -37.59 points of occupation. Hoteliers maintained their rates but RevPAR significantly dropped with a -50.77% to reach 60.61 € (excl. Taxes).

In Madrid, the situation is similar. OR dropped by -38.99 points (39,72%) on the period. RevPAR lost -49.58% reaching 43.72 € (excl. Taxes) on the period.

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