European Hotels Post Positive Performance for August 2015
The latest report by STR Global for the European region shows the August 2015 occupancy, average daily rate and revenue per available room increased over the same period in 2014. Occupancy jumped by 2.2 percent over 2014 to 77.1 percent; ADR increased by 6.4 percent to $134.21, and RevPAR was up by 8.7 percent to $103.58. However, not all countries experienced positive growth. Greece, Rome, Turkey and Barcelona, Spain, all saw dips in occupancy. And, while Helsinki, Finland, enjoyed an increase in occupancy, its ADR dipped by 6 percent to $112.71.