Hotel performance takes off as ash cloud grounds travellers
Hotel performance at select European airports showed increases in occupancy and average room rate compared with the same week last year, as a cloud of volcanic ash grounded air travel and stranded travellers throughout the continent.
LONDON—Hotel performance at select European airports showed increases in occupancy and average room rate compared with the same week last year, as a cloud of volcanic ash grounded air travel and stranded travellers throughout the continent, according to daily data from STR Global, the leading provider of market data to the hotel industry.
Revenue per available room (RevPAR) grew in double-digit figures for the week of 11 to 17 April 2010 compared with the same week last year, which included the Easter holidays (10 to 13 April 2009). Gatwick (+40 percent), Amsterdam Schiphol (+69 percent), Heathrow (+70 percent), Stockholm Arlanda (+75 percent), Brussels Airport and its surroundings (+137 percent) and Frankfurt Rhein-Main Airport (+369 percent) all reported growth in local currency during the seven-day period.
Four out of the six airport locations achieved occupancy levels of more than 90 percent for Thursday (15 April). Occupancy declined for the following three nights, as people found alternative travel methods or returned home. Frankfurt’s Rhein-Main Airport ‘s strong performance in the early half of the week was due to the biennial trade fair “Light + Building”, which took place 11 to 16 April 2010.
Average daily rates (ADR) showed strong growth, especially in the major hub locations in Frankfurt Rhein-Main, Heathrow and Amsterdam Schiphol.
Daily occupancy 11 to 18 April 2010 for selected European airport locations
Source: STR Global
Daily average room rate day to day percentage change in local currency
Source: STR Global