Despite all the adversities, tourism in Europe recovers
The United Kingdom, Poland and Ireland lead the recovery of hotel occupancy in Europe
The UK, Poland and Ireland are the three European countries that achieved occupancy rates of 80% or more of pre-pandemic levels, according to the latest preliminary data from STR to be presented at the International Hospitality Investment Forum (IHIF). ).
On April 11, the UK showed 28 consecutive day occupancy that was 87% of the comparable 2019 level, and the country's index has been consistently above 80 since February 23. Poland (84.5) and Ireland (81.3) had the next highest occupancy rates, but despite having the second highest occupancy rate, Poland's levels have fallen in recent weeks after hitting a high of 94 on March 29. As noted in a previous STR analysis, Poland experienced an increase in occupation as a result of hosting refugees during the early days of the Russo-Ukrainian war.
"Europe's occupancy recovery has accelerated in recent months to 70% of pre-pandemic comparables," said Robin Rossmann, managing director of STR. “In general, leisure-dependent markets have been further along the timeline, but there are encouraging signs recently that life is returning to gateway cities that are more reliant on corporate demand. Our occupancy data on the books shows that many major markets should recover to 90-100% of 2019 levels by mid-May."