STR: Amsterdam hotel ADR and RevPAR reached record-highs in April
LONDON – Amsterdam’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) for any month on record, according to preliminary April 2023 data from STR.
April 2023 (year-over-year % change)
- Occupancy: 83.9% (+13.6%)
- Average daily rate (ADR): EUR214.51 (+30.5%)
- Revenue per available room (RevPAR): EUR180.07 (+48.2%)
April was the first month with the market’s ADR above EUR200. In addition, the occupancy level was Amsterdam’s highest since October 2019.
When looking at daily data, Amsterdam’s occupancy peaked on Saturday, 29 April (93.7%), helped by Metallica’s M72 World Tour. The market’s daily occupancy levels remained above 70% throughout the month with only one day falling below that mark (10 April, at 66.8%).
More of STR’s analysis can be found here.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets. For more information, please visit str.com and costargroup.com.
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