EMEA, Central/South America hotel performance for November 2018

Hotels in the Middle East reported mixed November 2018 performance results, while hotels in Africa posted growth across the three key performance metrics, according to data from STR.

U.S. dollar constant currency, November 2018 vs. November 2017

Middle East
- Occupancy: +0.9% to 69.8%
- Average daily rate (ADR): -7.7% to US$156.81
- Revenue per available room (RevPAR): -6.9% to US$109.42

Africa
- Occupancy: +5.8% to 68.0%
- Average daily rate (ADR): +7.0% to US$119.59
- Revenue per available room (RevPAR): +13.2% to US$81.31

Local currency, November 2018 vs. November 2017

Dar es Salaam, Tanzania 
- Occupancy: -16.7% to 53.2%
- ADR: -1.8% to TZS251,655.28
- RevPAR: -18.2% to TZS133,940.60

Europe hotel performance
Europe’s hotel industry reported positive results in the three key performance metrics during November 2018, according to data from STR.

Euro constant currency, November 2018 vs. November 2017

Europe 
- Occupancy: +1.7% to 71.8%
- Average daily rate (ADR): +4.0% to EUR105.84
-Revenue per available room (RevPAR): +5.8% to EUR75.99

Local currency, November 2018 vs. November 2017

Istanbul
- Occupancy: +4.2% to 69.0%
- ADR: +47.0% to TRY468.34
- RevPAR: +53.2% to TRY323.24

The absolute ADR level was the highest for any November in STR’s Istanbul database. STR analysts attribute the jump in the metric to Turkey’s currency crisis of the last few months—October produced the country’s highest inflation rate in 15 years. Demand (room nights sold) has also helped push performance, and Turkey is expected to reach almost 39 million visitors by the end of 2018, according to the World Travel & Tourism Council.  

Vienna
- Occupancy: +12.8% to 82.9%
- ADR: +12.1% to EUR101.07
- RevPAR: +26.4% to EUR83.78

The occupancy level was the highest for any November on record in Vienna. STR analysts note that performance was helped by a host of November events: European Utility Week 2018 (6-8 November), Energy Austria (5-6 November), the 4th European Congress on Endometriosis, and the European Congress for Homeopathy (22-24 November).  

Central/South America hotel performance
Hotels in the Central/South America region reported positive performance results during November 2018, according to data from STR.

U.S. dollar constant currency, November 2018 vs. November 2017

Central/South America
- Occupancy: +1.9% to 64.2%
- Average daily rate (ADR): +17.5% to US$115.66
- Revenue per available room (RevPAR): +19.8% to US$74.26

Local currency, November 2018 vs. November 2017

Bogota, Colombia 
- Occupancy: +3.1% to 69.6%
- ADR: +2.5% to COP270,787.81
- RevPAR: +5.7% to COP188,469.30

After three consecutive months of occupancy declines, Bogota hotels experienced an increase in occupancy that was driven by a 7.6% jump in demand (room nights sold).

Sao Paulo
- Occupancy: +2.5% to 71.3%
- ADR: +10.0% to BRL385.77
- RevPAR: +12.8% to BRL274.89

Sao Paulo hotels have now posted 16 consecutive months of ADR growth. The absolute value in the metric was also the highest for any November in STR’s Sao Paulo database. STR analysts partially attribute the jump in rates to the 

depreciation of the Brazilian Real against the U.S. dollar.