June 2019: the RevPAR progresses… particularly in southern Europe

Year to date, prices progress by +2.6% (94.1€ex-VAT) and the OR by +0.4 points and the RevPAR by +3.3% (68.3€ ex-VAT).

By segment, it is the budget that does the best with an OR up +1.8 point (78.0%), ADR up +5.3% (53.50€ ex-VAT) for a RevPAR up by +7.8% (41.7€ ex-VAT). In terms of OR performances, the economy segment comes in second with an OR +1.1 point (82.1%), ADR progresses moderately with respect to other categories, +3.7% (79.8€ ex-VAT) and a RevPAR up +5.2% (65.5€ ex-VAT).

The upscale is up +7.8% on the RevPAR (137.1€ ex-VAT) with average daily rates up by +6.7% (166.0€ ex-VAT) and an OR up +0.8 point (82.6%). Finally the midscale brings up the rear with growth in OR by + 0.4 point (81.3%) for an ADR up by +4.3% (101.5€ ex-VAT) leading to growth in RevPAR by +4.8% (82.5€ ex-VAT).

Greece and Luxembourg are vying for the highest RevPAR in terms of absolute value for this month of June or 137.4€ ex-VAT and 136.6€ ex-VAT, respectively.
As for occupancy rate, Greece and the Netherlands post the best score at 87%.

Five destinations post double-digit growth in the RevPAR 

After a poor month of May (RevPAR -10.3%) Italy improves. The RevPAR took off by +15.0% (109 € ex-VAT) fed by growth in OR by +3.2 points (81.5%). Average daily rates up by +10.5% (133.8€ ex-VAT). All segments are up. RevPAR +17.3% on the economy segment with OR up +6.6 points. +11.5% for the midscale (73.7€ ex-VAT) for an OR up +4.5 points. RevPAR +15.5% (136.3€ ex-VAT) for the upscale with an OR up +1.7 point.

Hungary saw its RevPAR increase by +13.4% (83.8€ ex-VAT) thanks to an increase in ADR by +14.5% (98.4€ ex-VAT) while the OR stagnates with -0.8 point after a month of May at +0.2 point.

Portugal pursues its growth trend and hoteliers enjoyed an OR up...