[New] Performance benchmarking for the global hospitality industry

1. London

Following a mixed performance over the summer months, London’s hotel industry fared better in autumn, with both ADR and RevPAR surpassing pre-pandemic comparables according to preliminary data for October 2022. Occupancy was down 4.0% on October 2019, however this is a marked improvement from the August 2022 level, which was 10.5% below the 2019 comparable.

Occupancy 83.8% ADR GBP199.95 RevPAR GBP167.60

2. Berlin

In Berlin, hotels reported lower performance month-over-month for November 2022. Further to the monthly decline, RevPAR also remained below the pre-pandemic comparable, down 4.4% on November 2019, while occupancy trailed by 15.8%. On a positive note, the German city performed well on weekdays, peaking at 86.1% on 9 November, signifying increased business demand.

Occupancy 69.0% ADR EUR109.75 RevPAR EUR75.73

3. Jeddah

According to preliminary data for November 2022, Jeddah’s hotel performance came in lower than the month prior, however it surpassed pre-pandemic comparables. Each of the three metrics showed significant improvement based on November 2019 levels, with occupancy gains of 16.2%, ADR up by 13.0%, and RevPAR demonstrating an impressive 31.3% uplift.

Occupancy 54.5% ADR SAR586.71 RevPAR SAR319.50

4. Sydney

Sydney’s hotel industry recorded its best performance of the pandemic-era in November 2022; ADR was higher than any other month on record except for September 2000 when it hosted the Olympics. Occupancy was the highest since November 2019, but despite the pandemic-era high, this remained 7.9% below the 2019 comparable.

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