November 2020: the European hotel industry to be hibernating again

For the entire zone, the occupancy rate was twice as low as the previous month, at 15.8% (-56.1 points), and the average daily rate deteriorated to €64 excluding taxes (-35.5%). Thus, European RevPAR amounts to only €10.1 excluding VAT, a drop of 85.6% compared to the level of November 2019.  

Among the segments, high-end continues to record the largest loss, followed by mid-range. Their occupancy rates declined by 64.3 points (9.3%) and 58.3 points (14.2%), respectively. Their average daily rates also fell by 31.9% (€69.5 excluding taxes) and 27.5% (€99.3 excluding taxes), respectively, leading to a drop in RevPAR of 91.4% and 85.8% compared to 2019. The economic and budget segments, the most resilient ones, still saw their occupancy rates deteriorate to 18.3% (-53.9 points) and 27% (-38.8 points), respectively. With average daily rates falling by 23.3% (€57.7 excluding taxes) and 15.3% (€43.2 excluding taxes), respectively, RevPAR for the economic segment fell to €10.6 excluding taxes (-80.5%) and to €11.6 excluding taxes (-65.3%) for the budget segment. 

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If some destinations were faring better, especially those with a dynamic domestic market, the month of November is causing all markets to collapse. France (-47.4 pts. of OR / -82% of RevPAR) and Luxemburg (-59.5 pts. of OR / -80% of RevPAR) remain however the "least impacted", showing the "best" - or in other words not the worst - results.  

On the other side of the spectrum, some are still in distress. Countries such as Austria (-72.5 pts. of OR / -92.7% RevPAR), Belgium (-66.9 pts. of OR / -91.1% RevPAR) and the Netherlands (-67.2 pts. of OR / -90.5% RevPAR), are the biggest losers in the zone. Only the Czech Republic (-96.1% RevPAR) and Hungary (-92.2% RevPAR), whose tourist clientele relies mainly on foreign visitors, are even more impacted, as they have been throughout 2020.  

While countries...