Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

European hotels prosper in July but Cardiff suffers

25 August 2011 by
European hotels prosper in July but Cardiff suffers

The European hotel industry has seen its revpar and occupancy improve on last year's performance, according to sector analyst STR Global.

Research released today found that year-on-year, the results for July 2011 were positive, with occupancy up 3.4% overall to 73.6%, revpar up 12% to £66.41 and ADR rising by a still significant 8.4% to £90.24.

Elizabeth Randall, managing director of STR Global, said: "European hotels continued to improve on last year with increased demand driving occupancy and ADR growth. The gains provided a welcome contrast to more subdued economic news that made headlines recently."

However, she warned that slower GDP growth rates in some key European markets make the outlook for the region "a bit more challenging than it was a few months ago."

Cities including Venice, Florence and Manchester saw double digit occupancy growth to hit occupancy rates in the region of 82-86%, and Venice also saw the largest revpar increase, rising 28.1% to £213.27. Meanwhile, Cardiff saw the largest drop in ADR of 15% to £53.32 as well as a double digit revpar decrease of -11.5% to £41.11.

London haas busiest hotel pipeline in Europe >>

Revpar of UK hotels increases 3.8% in first quarter >>

Cardiff and Manchester record poor occupancies in January >>

By Emily Manson

E-mail your comments to Caterer News here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs

Looking for a new job? Find your next job here with Caterersearch.com jobs

Blogs on Caterersearch.com ](http://www.caterersearch.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[E-newsletters](http://www.caterersearch.com/email-newsletters.htm)[ For the latest hospitality news, sign up for our E-newsletters
TagsTrends and Hotels
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking