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Moscow experienced a high demand rise Moscow experienced a high demand rise

STR: Europe Hotel Performance for Q2 2018

Europe’s hotel industry reported positive results in the three key performance metrics during the second quarter (Q2) of this year, according to data from STR.

Europe's hotels saw occupancy increase 1.1 percent year over year to 75.5 percent in the second quarter. ADR rose 3.8 percent to EUR115.54 (USD135.37) and RevPAR increased 4.9 percent to EUR87.20 (USD102.17).

Specifically, the absolute performance levels were each the highest for any second quarter in STR’s Moscow’s database.

Helped by the obvious demand boost around the FIFA World Cup, the market exceeded performance expectations in June with a 206.8 percent spike in ADR to RUB17,029.19 (EUR231.79) and a subsequent 244.5 percent rise in RevPAR to RUB14,476.69 (EUR197.03).