IHIF Preview: UK and Ireland hotel occupancy at pre-pandemic levels
 IHIF Preview: UK and Ireland hotel occupancy at pre-pandemic levels
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LONDON – Among European countries, the United Kingdom and Ireland have achieved hotel occupancy indices at or above 100% of pre-pandemic levels, according to CoStar data that will be presented this week at IHIF EMEA in Berlin.
As of February 2025, Ireland showed a running 12-month occupancy that was 102% of the 2019 comparable, followed closely by the United Kingdom at 100%. Across the rest of Europe, Mediterranean countries are not far behind, with Spain, Italy, and Greece all posting hotel occupancy at 99% of what was seen in 2019.
IHIF Preview: UK and Ireland hotel occupancy at pre-pandemic levels
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Overall, hotel performance levels have been on a rise around most of the world. For the three months ending with February 2025, Europe occupancy was at 60%, which was 2% higher year over year. Average daily rate (ADR) came in at US$137 on a constant currency basis, a gain of 3% year over year.
The Middle East was at 77% (+2%) and US$205 (+4%). The Northern Africa region demonstrated the highest growth rates with levels at 59% (+11%) and US$127 (+37%). Sub-Saharan Africa lost occupancy (57%, -2%) but still grew ADR (US$164, +11%).
STR representatives at this year’s IHIF EMEA include Aoife Roche, regional vice president of STR Sales (EMEA), presenting on Tuesday, 1 April, at 10:00 a.m. CEST, as well as Alexander Robinson, regional manager of Europe Industry Partners, presenting on Wednesday, 2 April, at 9:30 a.m. CEST.
For more information about the company and its products and services, please visit www.costargroup.com.
Additional Performance Data: CoStar’s world-leading hotel performance sample comprises more than 87,000 properties and 11 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with thirteen million average monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. OnTheMarket is a leading residential property portal in the United Kingdom. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France's leading commercial real estate news service. Thomas Daily is Germany's largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group's websites attracted over 163 million average monthly unique visitors in the third quarter of 2024. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that future media events will not sustain an increase in future occupancy rates. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar's filings from time to time with the Securities and Exchange Commission, including in CoStar's Annual Report on Form 10-K for the year ended December 31, 2023 and Forms 10-Q for the quarterly periods ended March 31, 2024, June 30, 2024, and September 30, 2023, each of which is filed with the SEC, including in the "Risk Factors" section of those filings, as well as CoStar's other filings with the SEC available at the SEC's website (www.sec.gov). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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Karolina Capova
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Europe Hotel Performance Update
STR Weekly Insights: 16-22 March 2025
U.S. hotel results for week ending 22 March
