In the third quarter of 2017, Europe’s hotels saw occupancy increase 2.2% year over year to 79.2%, while ADR rose 4.5% to €119.17 ($139.89) and RevPAR climbed 6.9% to €94.36 ($110.77).
Europe’s hotel industry reported positive results in the three key performance metrics during Q3 2017, according to data from STR.
Euro constant currency, Q3 2017 vs. Q3 2016
Europe
- Occupancy: +2.2% to 79.2%
- Average daily rate (ADR): +4.5% to EUR119.17
- Revenue per available room (RevPAR): +6.9% to EUR94.36
Local currency, Q3 2017 vs. Q3 2016
578 total views, 1 views today