Excerpt from STR
Occupancy falls back in gateway cities
Compared with other major markets around the globe, gateway cities still struggling the most. In Europe, Paris (9%), Rome (9%) and Berlin (11%) reported remarkably low Q1 occupancy levels. For comparison, Singapore (63%), Miami (61%) and Dubai (60%) posted the highest occupancy levels on a total-room-inventory basis.
Better than last year’s lows
Looking at 11 April year-to-date data, key markets across Europe showed higher occupancy than the comparable period from 2020. This was mostly driven by domestic demand and lockdown restrictions starting to ease.
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