As of 13 December, Paris’ occupancy on the books sat at 71.1% for 31 December, which was the highest across Europe’s key markets and the highest for the French capital over the next 90 days. From that high point, booking levels gradually decrease to a January low of 10.5% on the 31st.
For comparison, Rome and London New Year’s Eve occupancy on the books sits at 56.1% and 52.3%, respectively, while Brussels is even lower at 34.3%.
“Some European markets have been more successful than others in pulling themselves up from pandemic low points despite a massive void in international arrivals,” said Thomas Emanuel, STR’s director. “With the upcoming holiday season, Paris has shown stronger hotel demand than other European capitals. Some of those capitals, such as Brussels and Vienna, continue to struggle to generate momentum due to increased restrictions in the markets.”
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces.
By materials of https://www.hotelnewsresource.com/article118830.html
There has been a tendency to focus on the negative over the past nearly two years, and rightly so. We’ve watched the trends, hoping our industry would bounce back more quickly than it has. As with many industries, we continue to hold our breath as we move into another variant strain of the pandemic, and yet there is still hope. The hospitality industry has demonstrated time and time again its resiliency in the face of adversity, and we will rise up stronger.
As a hotel manager or owner, your primary goal in business is more than just operating at a profit. You also want to make sure that your guests have a safe and enjoyable stay while on your property, too.