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Figure 1:

ADR average from 2019–2022Data retrieved from STR Global
ADR average from 2019–2022Data retrieved from STR Global

Figure 2:

Occupancy rate average 2019–2022Data retrieved from STR Global
Occupancy rate average 2019–2022Data retrieved from STR Global

Figure 3:

RevPAR average from 2019–2022Data retrieved from STR Global
RevPAR average from 2019–2022Data retrieved from STR Global

Figure 4:

RevPAR co-movement since 2019 to 2022Data retrieved from STR Global
RevPAR co-movement since 2019 to 2022Data retrieved from STR Global

Figure 5:

Cumulative confirmed COVID-19 cases per million people in 2020 and 2021Data retrieved from Our world in data.
Cumulative confirmed COVID-19 cases per million people in 2020 and 2021Data retrieved from Our world in data.

Figure 6:

RevPAR variation from 2019 to 2020 and 2021Data retrieved from STR Global.
RevPAR variation from 2019 to 2020 and 2021Data retrieved from STR Global.

Spearman’s rank correlation coefficient of RevPAR with occupancy rate and ADR

Country Occupancy rate ADR
Switzerland 0.930 0.084
Bulgaria 0.999 0.308
Finland 0.972 0.706
Lithuania 0.981 0.727
Slovakia 0.916 0.790
Austria 0.951 0.801
Poland 0.944 0.874
Ireland 0.993 0.944
Croatia 0.972 0.958
Germany 0.972 0.965
Latvia 0.972 0.965
Netherlands 0.972 0.965

Countries grouped according to RevPAR variation between 2021 and 2022

Lowest Median Highest
Bulgaria Estonia Austria
Croatia France Belgium
Finland Germany Czech Republic
Greece Italy Hungary
Israel Latvia Ireland
Malta Lithuania Netherlands
Russia Poland Portugal
Switzerland Romania Slovakia
Turkey Spain
United Kingdom

Summary Table of RevPAR determinants based on the literature.

RevPAR determinants Authors
Hotel internal factors Average daily rate (Chattopadhyay & Mitra, 2019; Enz et al., 2016; Singh et al., 2014)
Employees (Sainaghi, 2011)
Years since last renovation
Hotels/number of rooms (Jiang & Taylor, 2020; Kim et al., 2013; Sainaghi, 2011)
Hotel owner (Jiang & Taylor, 2020; Xiao et al., 2012)
Quality of service and product (Cross et al., 2009; Kimes, 1999)
Sales effectiveness (Cross et al., 2009)
Sustainability certificate (Bianco et al., 2023)

Marketing policies Social presence/social media usage (Anderson, 2012; De Pelsmacker et al., 2018)
Brand positioning/Brand affiliation (Cross et al., 2009; Xiao et al., 2012)
Total marketing expenses (Singh & Dev, 2015)
Digital innovation (Alrawadieh et al., 2021; Bovsh et al., 2022)
Customer mix/market orientation (Kim et al., 2013; Sainaghi, 2011)

Consumers Consumer confidence (Chen, 2015; Liu et al., 2013; Pacheco, 2016)
Customer satisfaction (Kim et al., 2013; Kimes, 1999)
International tourist arrival (Chen, 2011; Liu et al., 2013; Pacheco, 2016)
Number of residents and non-residents overnight stays (Pacheco, 2016)
Online review sites (Anderson, 2012; De Pelsmacker et al., 2018; Phillips et al., 2016)
Demand for hotel rooms (Chattopadhyay & Mitra, 2019)

Hotel uncontrollable factors Abnormal weather conditions (Mun & Park, 2022)
Economic growth (Pacheco, 2016)
Seasonality/trend (Chattopadhyay & Mitra, 2019; Jiang & Taylor, 2020)
Grand impact events (Olympic games, tsunami, hurricane) (Choi et al., 2019; Liu et al., 2013)
Government's role (Subedi & Kubickova, 2023)
Stock index (Liu et al., 2013)
Real-estate development
Exchange rate Trade balance
Growth of room supply (Zheng, 2014)
eISSN:
2182-4924
Sprache:
Englisch
Zeitrahmen der Veröffentlichung:
3 Hefte pro Jahr
Fachgebiete der Zeitschrift:
Wirtschaftswissenschaften, Betriebswirtschaft, andere, Branchen, Tourismus, Gastgewerbe, Reisen, Veranstaltungsgewerbe, Freizeitindustrie, Sport und Freizeit, other