Tag: Europe

2020 worst year ever for Europe, US, Asia Pacific, Middle East and African hotel markets

COVID-wracked 2020 was the worst year ever in terms of performance for the Asia-Pacific, US, Europe, African and Middle East  hotel markets, according to industry analyst STR. Asia Pacific Occupancy: 44.5% (-35.6% compared with 2019) Average daily rate (ADR): US$74.99 (-22.2%) Revenue per available room (RevPAR): US$33.39 (-49.9%) Each of the three key performance metrics […]