STR Global posts June 2009 results for Europe

29th Jul 2009
STR Global posts June 2009 results for Europe

Figures for occupancy, average daily rate and revenue per available room ranged from double-digit losses to single-digit gains, depending on the market and the currency used for comparison.

“The markets in Austria and Switzerland reported expected declines for June, following the EURO Football championship last year”, said James Chappell, managing director of STR Global. “Vienna and Zurich reported RevPAR declines of more than 40 percent for the month. Prague, which hosted the EU Presidency in the first half of this year and received a global marketing boost from the visit from President Obama in April, reported RevPAR declines of 25 percent year-to-June in local currency. Let’s hope Stockholm, which reported a 11-percent decrease in RevPAR year-to-June, benefits from its hosting of the EU Presidency in the second half of 2009”.


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