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Analyses

April 2021: the European hotel industry still waiting for the sunrise

Most European countries saw their hospitality performance deteriorate in April compared to March.

After a slight increase in March, which came closer to pre-crisis levels, the month of April started to decline again due to restrictive traffic policies in several European countries. At the European level, the occupancy rate stood at 18%, down 54.8 percentage points compared to the pre-crisis level in April 2019. This compares with a decline of 48.3 points in March. This trend is also reflected in terms of RevPAR: -83.0% in April compared to -79.9% in March.

Whether in terms of RevPAR or OR, upmarket segments were the most affected since the beginning of the crisis because they are the most dependent on business and upmarket customers.

Performance remains well below the pre-covid level in 2019 but is fortunately better than in April 2020, the month when traffic restrictions were at their tightest. RevPAR has increased from the level of €2.5 in 2020 to €12.0 in 2021.

 

In terms of individual European countries, the situation compared to March has worsened in the majority of them. However, there are some exceptions such as Switzerland, which has seen its RevPAR gap to 2019 improve by 10.5 points since last month. Luxembourg is in a similar situation (+6.8 points) as well as Portugal (+2.7 points) and Belgium (+2.4 points).

In April 2021, Switzerland, Luxembourg and France were the least affected countries with RevPAR changes compared to April 2019 of -70.9%, -73.4% and -77.6%, respectively. The most affected countries are situated further east. The Czech Republic, Austria, Hungary, Poland and Greece, but also the Netherlands, record decreases of more than 90% in RevPAR compared to their pre-crisis level.

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