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Date Created: Feb 16, 2023

European Hotel Review


Industry Performance for the Month of January 2023

Table Of Contents 1

Global Performance (Euros) 2


Global Performance (British Pounds) 3
Global Performance (US Dollars) 4
Country Performance (Local Currency) 5
Country Performance (Euros) 6
Country Performance (British Pounds) 7
Country Performance (US Dollars) 8
Market Performance (Local Currency) 9
Market Performance (Euros) 10
Market Performance (British Pounds) 11
Market Performance (US Dollars) 12
Market Performance Graphs 13
World Regions 14
Global Performance (Euros) - Standard Data 2019 Comparison 15
Global Performance (British Pounds) - Standard Data 2019 Comparison 16
Global Performance (US Dollars) - Standard Data 2019 Comparison 17
Country Performance (Local Currency) - Standard Data 2019 Comparison 18
Country Performance (Euros) - Standard Data 2019 Comparison 19
Country Performance (British Pounds) - Standard Data 2019 Comparison 20
Country Performance (US Dollars) - Standard Data 2019 Comparison 21
Market Performance (Local Currency) - Standard Data 2019 Comparison 22
Market Performance (Euros) - Standard Data 2019 Comparison 23
Market Performance (British Pounds) - Standard Data 2019 Comparison 24
Market Performance (US Dollars) - Standard Data 2019 Comparison 25
Market Perf Graphs - 2019 Comp 26
Help 27

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2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report
is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR Report, in whole or part, without written
permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd.
trading as "STR".
Global Performance (Data in Euros)
For the Month of: January 2023

January 2023 vs January 2022 Year to Date - January 2023 vs January 2022 Participation
Occ % ADR RevPAR Percent Change from Occ % ADR RevPAR Percent Change from YTD
Properties Rooms
January 2022 2022
2023 2022 2023 2022 2023 2022 Occ. ADR RevPAR 2023 2022 2023 2022 2023 2022 Occ. ADR RevPAR Census Sample Census Sample
Asia Pacific 54.2 42.5 101.65 78.50 55.11 33.37 27.5 29.5 65.1 54.2 42.5 101.65 78.50 55.11 33.37 27.5 29.5 65.1 53,343 17,314 6,422,649 2,709,528
Central & South Asia 64.4 38.2 139.99 149.26 90.21 57.06 68.6 -6.2 58.1 64.4 38.2 139.99 149.26 90.21 57.06 68.6 -6.2 58.1 6,589 2,145 409,523 203,127
Northeastern Asia 51.1 42.1 81.26 64.67 41.49 27.23 21.3 25.7 52.4 51.1 42.1 81.26 64.67 41.49 27.23 21.3 25.7 52.4 28,359 10,606 4,390,653 1,832,879
Southeastern Asia 57.2 42.4 116.35 65.40 66.53 27.74 34.8 77.9 139.8 57.2 42.4 116.35 65.40 66.53 27.74 34.8 77.9 139.8 10,328 2,253 1,211,174 444,167
Australia & Oceania 64.6 49.9 171.35 145.33 110.72 72.53 29.5 17.9 52.7 64.6 49.9 171.35 145.33 110.72 72.53 29.5 17.9 52.7 8,067 2,310 411,299 229,355

Americas 53.1 47.0 132.82 112.25 70.54 52.79 12.9 18.3 33.6 53.1 47.0 132.82 112.25 70.54 52.79 12.9 18.3 33.6 82,235 42,296 7,319,300 4,996,405
North America 52.8 46.8 131.41 111.49 69.41 52.21 12.8 17.9 33.0 52.8 46.8 131.41 111.49 69.41 52.21 12.8 17.9 33.0 72,397 40,277 6,419,889 4,683,530
Caribbean 68.7 52.3 323.93 265.49 222.56 138.96 31.3 22.0 60.2 68.7 52.3 323.93 265.49 222.56 138.96 31.3 22.0 60.2 2,038 282 267,531 64,820
Central America 59.8 49.6 167.71 138.32 100.34 68.61 20.6 21.3 46.3 59.8 49.6 167.71 138.32 100.34 68.61 20.6 21.3 46.3 1,091 172 63,739 25,145
South America 55.6 50.5 95.95 76.45 53.35 38.61 10.1 25.5 38.2 55.6 50.5 95.95 76.45 53.35 38.61 10.1 25.5 38.2 6,709 1,565 568,141 222,910

Europe 53.7 35.1 114.31 94.86 61.37 33.26 53.1 20.5 84.5 53.7 35.1 114.31 94.86 61.37 33.26 53.1 20.5 84.5 80,593 13,824 5,454,184 1,770,244
Eastern Europe 47.0 36.0 85.37 73.10 40.15 26.30 30.7 16.8 52.7 47.0 36.0 85.37 73.10 40.15 26.30 30.7 16.8 52.7 7,050 952 592,616 158,780
Northern Europe 60.8 42.5 105.21 88.60 64.01 37.68 43.1 18.7 69.9 60.8 42.5 105.21 88.60 64.01 37.68 43.1 18.7 69.9 19,532 4,892 1,095,704 569,203
Southern Europe 52.7 35.1 117.73 98.06 62.09 34.37 50.4 20.1 80.6 52.7 35.1 117.73 98.06 62.09 34.37 50.4 20.1 80.6 24,848 2,718 1,979,078 374,583
Western Europe 49.7 28.7 128.29 107.58 63.75 30.84 73.4 19.3 106.7 49.7 28.7 128.29 107.58 63.75 30.84 73.4 19.3 106.7 29,163 5,262 1,786,786 667,678

Middle East / Africa 61.6 51.8 151.30 145.53 93.26 75.36 19.0 4.0 23.8 61.6 51.8 151.30 145.53 93.26 75.36 19.0 4.0 23.8 8,164 2,081 1,044,870 458,380
Middle East 67.7 58.8 163.54 153.71 110.78 90.42 15.2 6.4 22.5 67.7 58.8 163.54 153.71 110.78 90.42 15.2 6.4 22.5 3,122 1,190 470,192 299,024
Northern Africa 48.7 36.9 106.03 113.02 51.69 41.65 32.3 -6.2 24.1 48.7 36.9 106.03 113.02 51.69 41.65 32.3 -6.2 24.1 1,709 274 328,554 73,280
Southern Africa 51.4 40.3 131.78 130.66 67.78 52.66 27.6 0.9 28.7 51.4 40.3 131.78 130.66 67.78 52.66 27.6 0.9 28.7 3,333 617 246,124 86,076

Markets
Beijing 47.3 43.2 70.15 72.15 33.18 31.14 9.6 -2.8 6.5 47.3 43.2 70.15 72.15 33.18 31.14 9.6 -2.8 6.5 2,246 767 317,760 112,518
Berlin 49.7 27.5 94.82 75.72 47.17 20.83 80.8 25.2 126.5 49.7 27.5 94.82 75.72 47.17 20.83 80.8 25.2 126.5 693 277 74,699 52,920
Buenos Aires 58.8 30.9 135.45 100.77 79.67 31.13 90.4 34.4 156.0 58.8 30.9 135.45 100.77 79.67 31.13 90.4 34.4 156.0 249 58 21,133 7,964
Dubai 80.5 70.7 196.08 205.33 157.94 145.26 13.9 -4.5 8.7 80.5 70.7 196.08 205.33 157.94 145.26 13.9 -4.5 8.7 693 382 143,580 108,952
Hong Kong 59.6 49.5 123.55 89.03 73.66 44.04 20.5 38.8 67.3 59.6 49.5 123.55 89.03 73.66 44.04 20.5 38.8 67.3 251 129 76,627 50,239
London 65.1 37.9 171.44 133.66 111.56 50.68 71.6 28.3 120.1 65.1 37.9 171.44 133.66 111.56 50.68 71.6 28.3 120.1 1,610 766 146,156 113,488
Los Angeles, CA 62.1 55.0 176.18 147.45 109.45 81.08 13.0 19.5 35.0 62.1 55.0 176.18 147.45 109.45 81.08 13.0 19.5 35.0 1,327 554 113,880 85,992
Madrid 59.8 37.9 125.12 103.10 74.78 39.10 57.6 21.4 91.2 59.8 37.9 125.12 103.10 74.78 39.10 57.6 21.4 91.2 550 243 54,891 34,261
New York 66.2 42.7 181.96 149.23 120.41 63.66 55.1 21.9 89.1 66.2 42.7 181.96 149.23 120.41 63.66 55.1 21.9 89.1 747 488 127,044 107,040
Paris 67.4 35.1 295.42 202.73 199.16 71.19 92.0 45.7 179.7 67.4 35.1 295.42 202.73 199.16 71.19 92.0 45.7 179.7 1,456 343 83,971 29,970
Rome 49.7 23.6 146.02 126.10 72.57 29.73 110.8 15.8 144.1 49.7 23.6 146.02 126.10 72.57 29.73 110.8 15.8 144.1 571 140 43,114 18,110
Sydney 66.1 37.7 172.74 139.70 114.17 52.71 75.2 23.6 116.6 66.1 37.7 172.74 139.70 114.17 52.71 75.2 23.6 116.6 424 266 45,885 39,169
Tokyo 69.0 42.7 141.67 90.76 97.69 38.73 61.6 56.1 152.3 69.0 42.7 141.67 90.76 97.69 38.73 61.6 56.1 152.3 806 291 156,198 69,549
Toronto 60.5 33.7 133.37 90.07 80.63 30.36 79.4 48.1 165.6 60.5 33.7 133.37 90.07 80.63 30.36 79.4 48.1 165.6 197 141 34,357 31,682

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR Report, in
whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Global Performance (Data in British Pounds)
For the Month of: January 2023

January 2023 vs January 2022 Year to Date - January 2023 vs January 2022 Participation
Occ % ADR RevPAR Percent Change from Occ % ADR RevPAR Percent Change from YTD
Properties Rooms
January 2022 2022
2023 2022 2023 2022 2023 2022 Occ. ADR RevPAR 2023 2022 2023 2022 2023 2022 Occ. ADR RevPAR Census Sample Census Sample
Asia Pacific 54.2 42.5 89.29 65.32 48.41 27.77 27.5 36.7 74.4 54.2 42.5 89.29 65.32 48.41 27.77 27.5 36.7 74.4 53,343 17,314 6,422,649 2,709,528
Central & South Asia 64.4 38.2 122.98 124.19 79.24 47.48 68.6 -1.0 66.9 64.4 38.2 122.98 124.19 79.24 47.48 68.6 -1.0 66.9 6,589 2,145 409,523 203,127
Northeastern Asia 51.1 42.1 71.38 53.81 36.45 22.66 21.3 32.7 60.9 51.1 42.1 71.38 53.81 36.45 22.66 21.3 32.7 60.9 28,359 10,606 4,390,653 1,832,879
Southeastern Asia 57.2 42.4 102.20 54.42 58.44 23.08 34.8 87.8 153.2 57.2 42.4 102.20 54.42 58.44 23.08 34.8 87.8 153.2 10,328 2,253 1,211,174 444,167
Australia & Oceania 64.6 49.9 150.52 120.92 97.27 60.35 29.5 24.5 61.2 64.6 49.9 150.52 120.92 97.27 60.35 29.5 24.5 61.2 8,067 2,310 411,299 229,355

Americas 53.1 47.0 116.67 93.40 61.97 43.93 12.9 24.9 41.1 53.1 47.0 116.67 93.40 61.97 43.93 12.9 24.9 41.1 82,235 42,296 7,319,300 4,996,405
North America 52.8 46.8 115.43 92.77 60.97 43.44 12.8 24.4 40.4 52.8 46.8 115.43 92.77 60.97 43.44 12.8 24.4 40.4 72,397 40,277 6,419,889 4,683,530
Caribbean 68.7 52.3 284.55 220.90 195.50 115.62 31.3 28.8 69.1 68.7 52.3 284.55 220.90 195.50 115.62 31.3 28.8 69.1 2,038 282 267,531 64,820
Central America 59.8 49.6 147.33 115.09 88.14 57.08 20.6 28.0 54.4 59.8 49.6 147.33 115.09 88.14 57.08 20.6 28.0 54.4 1,091 172 63,739 25,145
South America 55.6 50.5 84.29 63.61 46.87 32.13 10.1 32.5 45.9 55.6 50.5 84.29 63.61 46.87 32.13 10.1 32.5 45.9 6,709 1,565 568,141 222,910

Europe 53.7 35.1 100.41 78.93 53.91 27.68 53.1 27.2 94.8 53.7 35.1 100.41 78.93 53.91 27.68 53.1 27.2 94.8 80,593 13,824 5,454,184 1,770,244
Eastern Europe 47.0 36.0 74.99 60.82 35.27 21.88 30.7 23.3 61.2 47.0 36.0 74.99 60.82 35.27 21.88 30.7 23.3 61.2 7,050 952 592,616 158,780
Northern Europe 60.8 42.5 92.42 73.72 56.23 31.35 43.1 25.4 79.4 60.8 42.5 92.42 73.72 56.23 31.35 43.1 25.4 79.4 19,532 4,892 1,095,704 569,203
Southern Europe 52.7 35.1 103.42 81.59 54.54 28.60 50.4 26.7 90.7 52.7 35.1 103.42 81.59 54.54 28.60 50.4 26.7 90.7 24,848 2,718 1,979,078 374,583
Western Europe 49.7 28.7 112.69 89.51 56.00 25.66 73.4 25.9 118.3 49.7 28.7 112.69 89.51 56.00 25.66 73.4 25.9 118.3 29,163 5,262 1,786,786 667,678

Middle East / Africa 61.6 51.8 132.90 121.09 81.92 62.70 19.0 9.8 30.7 61.6 51.8 132.90 121.09 81.92 62.70 19.0 9.8 30.7 8,164 2,081 1,044,870 458,380
Middle East 67.7 58.8 143.66 127.89 97.32 75.23 15.2 12.3 29.4 67.7 58.8 143.66 127.89 97.32 75.23 15.2 12.3 29.4 3,122 1,190 470,192 299,024
Northern Africa 48.7 36.9 93.14 94.04 45.41 34.66 32.3 -1.0 31.0 48.7 36.9 93.14 94.04 45.41 34.66 32.3 -1.0 31.0 1,709 274 328,554 73,280
Southern Africa 51.4 40.3 115.76 108.71 59.54 43.82 27.6 6.5 35.9 51.4 40.3 115.76 108.71 59.54 43.82 27.6 6.5 35.9 3,333 617 246,124 86,076

Markets
Beijing 47.3 43.2 61.63 60.03 29.14 25.91 9.6 2.7 12.5 47.3 43.2 61.63 60.03 29.14 25.91 9.6 2.7 12.5 2,246 767 317,760 112,518
Berlin 49.7 27.5 83.29 63.00 41.44 17.33 80.8 32.2 139.1 49.7 27.5 83.29 63.00 41.44 17.33 80.8 32.2 139.1 693 277 74,699 52,920
Buenos Aires 58.8 30.9 118.98 83.85 69.99 25.90 90.4 41.9 170.2 58.8 30.9 118.98 83.85 69.99 25.90 90.4 41.9 170.2 249 58 21,133 7,964
Dubai 80.5 70.7 172.25 170.85 138.74 120.86 13.9 0.8 14.8 80.5 70.7 172.25 170.85 138.74 120.86 13.9 0.8 14.8 693 382 143,580 108,952
Hong Kong 59.6 49.5 108.53 74.08 64.70 36.64 20.5 46.5 76.6 59.6 49.5 108.53 74.08 64.70 36.64 20.5 46.5 76.6 251 129 76,627 50,239
London 65.1 37.9 150.60 111.21 97.99 42.17 71.6 35.4 132.4 65.1 37.9 150.60 111.21 97.99 42.17 71.6 35.4 132.4 1,610 766 146,156 113,488
Los Angeles, CA 62.1 55.0 154.76 122.69 96.15 67.46 13.0 26.1 42.5 62.1 55.0 154.76 122.69 96.15 67.46 13.0 26.1 42.5 1,327 554 113,880 85,992
Madrid 59.8 37.9 109.91 85.78 65.69 32.54 57.6 28.1 101.9 59.8 37.9 109.91 85.78 65.69 32.54 57.6 28.1 101.9 550 243 54,891 34,261
New York 66.2 42.7 159.84 124.17 105.77 52.97 55.1 28.7 99.7 66.2 42.7 159.84 124.17 105.77 52.97 55.1 28.7 99.7 747 488 127,044 107,040
Paris 67.4 35.1 259.51 168.69 174.95 59.24 92.0 53.8 195.3 67.4 35.1 259.51 168.69 174.95 59.24 92.0 53.8 195.3 1,456 343 83,971 29,970
Rome 49.7 23.6 128.27 104.93 63.75 24.74 110.8 22.2 157.7 49.7 23.6 128.27 104.93 63.75 24.74 110.8 22.2 157.7 571 140 43,114 18,110
Sydney 66.1 37.7 151.74 116.24 100.29 43.85 75.2 30.5 128.7 66.1 37.7 151.74 116.24 100.29 43.85 75.2 30.5 128.7 424 266 45,885 39,169
Tokyo 69.0 42.7 124.45 75.52 85.82 32.22 61.6 64.8 166.3 69.0 42.7 124.45 75.52 85.82 32.22 61.6 64.8 166.3 806 291 156,198 69,549
Toronto 60.5 33.7 117.16 74.94 70.83 25.26 79.4 56.3 180.4 60.5 33.7 117.16 74.94 70.83 25.26 79.4 56.3 180.4 197 141 34,357 31,682

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR Report, in
whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Global Performance (Data in US Dollars)
For the Month of: January 2023

January 2023 vs January 2022 Year to Date - January 2023 vs January 2022 Participation
Occ % ADR RevPAR Percent Change from Occ % ADR RevPAR Percent Change from YTD
Properties Rooms
January 2022 2022
2023 2022 2023 2022 2023 2022 Occ. ADR RevPAR 2023 2022 2023 2022 2023 2022 Occ. ADR RevPAR Census Sample Census Sample
Asia Pacific 54.2 42.5 110.30 87.54 59.80 37.21 27.5 26.0 60.7 54.2 42.5 110.30 87.54 59.80 37.21 27.5 26.0 60.7 53,343 17,314 6,422,649 2,709,528
Central & South Asia 64.4 38.2 151.90 166.45 97.88 63.63 68.6 -8.7 53.8 64.4 38.2 151.90 166.45 97.88 63.63 68.6 -8.7 53.8 6,589 2,145 409,523 203,127
Northeastern Asia 51.1 42.1 88.17 72.11 45.02 30.36 21.3 22.3 48.3 51.1 42.1 88.17 72.11 45.02 30.36 21.3 22.3 48.3 28,359 10,606 4,390,653 1,832,879
Southeastern Asia 57.2 42.4 126.25 72.94 72.19 30.93 34.8 73.1 133.4 57.2 42.4 126.25 72.94 72.19 30.93 34.8 73.1 133.4 10,328 2,253 1,211,174 444,167
Australia & Oceania 64.6 49.9 185.93 162.06 120.14 80.88 29.5 14.7 48.5 64.6 49.9 185.93 162.06 120.14 80.88 29.5 14.7 48.5 8,067 2,310 411,299 229,355

Americas 53.1 47.0 144.12 125.17 76.54 58.87 12.9 15.1 30.0 53.1 47.0 144.12 125.17 76.54 58.87 12.9 15.1 30.0 82,235 42,296 7,319,300 4,996,405
North America 52.8 46.8 142.59 124.33 75.31 58.22 12.8 14.7 29.4 52.8 46.8 142.59 124.33 75.31 58.22 12.8 14.7 29.4 72,397 40,277 6,419,889 4,683,530
Caribbean 68.7 52.3 351.48 296.06 241.49 154.96 31.3 18.7 55.8 68.7 52.3 351.48 296.06 241.49 154.96 31.3 18.7 55.8 2,038 282 267,531 64,820
Central America 59.8 49.6 181.98 154.24 108.87 76.51 20.6 18.0 42.3 59.8 49.6 181.98 154.24 108.87 76.51 20.6 18.0 42.3 1,091 172 63,739 25,145
South America 55.6 50.5 104.12 85.25 57.89 43.06 10.1 22.1 34.5 55.6 50.5 104.12 85.25 57.89 43.06 10.1 22.1 34.5 6,709 1,565 568,141 222,910

Europe 53.7 35.1 124.03 105.78 66.59 37.09 53.1 17.3 79.5 53.7 35.1 124.03 105.78 66.59 37.09 53.1 17.3 79.5 80,593 13,824 5,454,184 1,770,244
Eastern Europe 47.0 36.0 92.63 81.51 43.57 29.33 30.7 13.6 48.6 47.0 36.0 92.63 81.51 43.57 29.33 30.7 13.6 48.6 7,050 952 592,616 158,780
Northern Europe 60.8 42.5 114.16 98.80 69.46 42.01 43.1 15.5 65.3 60.8 42.5 114.16 98.80 69.46 42.01 43.1 15.5 65.3 19,532 4,892 1,095,704 569,203
Southern Europe 52.7 35.1 127.75 109.35 67.37 38.33 50.4 16.8 75.8 52.7 35.1 127.75 109.35 67.37 38.33 50.4 16.8 75.8 24,848 2,718 1,979,078 374,583
Western Europe 49.7 28.7 139.20 119.96 69.17 34.39 73.4 16.0 101.2 49.7 28.7 139.20 119.96 69.17 34.39 73.4 16.0 101.2 29,163 5,262 1,786,786 667,678

Middle East / Africa 61.6 51.8 164.17 162.28 101.19 84.04 19.0 1.2 20.4 61.6 51.8 164.17 162.28 101.19 84.04 19.0 1.2 20.4 8,164 2,081 1,044,870 458,380
Middle East 67.7 58.8 177.46 171.40 120.21 100.83 15.2 3.5 19.2 67.7 58.8 177.46 171.40 120.21 100.83 15.2 3.5 19.2 3,122 1,190 470,192 299,024
Northern Africa 48.7 36.9 115.05 126.04 56.09 46.45 32.3 -8.7 20.7 48.7 36.9 115.05 126.04 56.09 46.45 32.3 -8.7 20.7 1,709 274 328,554 73,280
Southern Africa 51.4 40.3 142.99 145.70 73.55 58.72 27.6 -1.9 25.2 51.4 40.3 142.99 145.70 73.55 58.72 27.6 -1.9 25.2 3,333 617 246,124 86,076

Markets
Beijing 47.3 43.2 76.12 80.46 36.00 34.72 9.6 -5.4 3.7 47.3 43.2 76.12 80.46 36.00 34.72 9.6 -5.4 3.7 2,246 767 317,760 112,518
Berlin 49.7 27.5 102.89 84.44 51.19 23.23 80.8 21.8 120.4 49.7 27.5 102.89 84.44 51.19 23.23 80.8 21.8 120.4 693 277 74,699 52,920
Buenos Aires 58.8 30.9 146.97 112.38 86.45 34.71 90.4 30.8 149.0 58.8 30.9 146.97 112.38 86.45 34.71 90.4 30.8 149.0 249 58 21,133 7,964
Dubai 80.5 70.7 212.77 228.98 171.37 161.98 13.9 -7.1 5.8 80.5 70.7 212.77 228.98 171.37 161.98 13.9 -7.1 5.8 693 382 143,580 108,952
Hong Kong 59.6 49.5 134.06 99.28 79.92 49.11 20.5 35.0 62.7 59.6 49.5 134.06 99.28 79.92 49.11 20.5 35.0 62.7 251 129 76,627 50,239
London 65.1 37.9 186.03 149.05 121.04 56.52 71.6 24.8 114.2 65.1 37.9 186.03 149.05 121.04 56.52 71.6 24.8 114.2 1,610 766 146,156 113,488
Los Angeles, CA 62.1 55.0 191.16 164.43 118.76 90.42 13.0 16.3 31.4 62.1 55.0 191.16 164.43 118.76 90.42 13.0 16.3 31.4 1,327 554 113,880 85,992
Madrid 59.8 37.9 135.77 114.97 81.14 43.61 57.6 18.1 86.1 59.8 37.9 135.77 114.97 81.14 43.61 57.6 18.1 86.1 550 243 54,891 34,261
New York 66.2 42.7 197.44 166.42 130.65 70.99 55.1 18.6 84.0 66.2 42.7 197.44 166.42 130.65 70.99 55.1 18.6 84.0 747 488 127,044 107,040
Paris 67.4 35.1 320.55 226.08 216.10 79.39 92.0 41.8 172.2 67.4 35.1 320.55 226.08 216.10 79.39 92.0 41.8 172.2 1,456 343 83,971 29,970
Rome 49.7 23.6 158.44 140.62 78.74 33.15 110.8 12.7 137.5 49.7 23.6 158.44 140.62 78.74 33.15 110.8 12.7 137.5 571 140 43,114 18,110
Sydney 66.1 37.7 187.44 155.79 123.89 58.77 75.2 20.3 110.8 66.1 37.7 187.44 155.79 123.89 58.77 75.2 20.3 110.8 424 266 45,885 39,169
Tokyo 69.0 42.7 153.72 101.21 106.01 43.18 61.6 51.9 145.5 69.0 42.7 153.72 101.21 106.01 43.18 61.6 51.9 145.5 806 291 156,198 69,549
Toronto 60.5 33.7 144.72 100.44 87.49 33.85 79.4 44.1 158.5 60.5 33.7 144.72 100.44 87.49 33.85 79.4 44.1 158.5 197 141 34,357 31,682

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR Report, in
whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Country Performance (Data in Local Currency)
For the Month of: January 2023

January 2023 vs January 2022 January 2023 Year to Date - January 2023 vs January 2022 Participation
Percent Change from January Exchange Percent Change from YTD
Occ (%) ADR RevPAR Occ (%) ADR RevPAR Properties Rooms
2022 Currency Rate to 2022
Countries 2023 2022 2023 2022 2023 2022 Occ ADR RevPAR ISO Code USD 2023 2022 2023 2022 2023 2022 Occ ADR RevPAR Census Sample Census Sample
Austria 47.4 21.3 122.31 116.39 57.98 24.84 122.1 5.1 133.4 EUR 0.9216 47.4 21.3 122.31 116.39 57.98 24.84 122.1 5.1 133.4 2,698 240 148,397 36,814
Belgium 51.3 32.7 116.33 95.00 59.63 31.09 56.6 22.5 91.8 EUR 0.9216 51.3 32.7 116.33 95.00 59.63 31.09 56.6 22.5 91.8 995 200 58,469 26,897
Bulgaria 35.5 25.5 193.49 178.76 68.74 45.57 39.4 8.2 50.8 BGN 1.792717 35.5 25.5 193.49 178.76 68.74 45.57 39.4 8.2 50.8 566 18 59,965 3,114
Croatia 33.7 28.0 94.11 82.45 31.67 23.10 20.1 14.1 37.1 EUR 0.9216 33.7 28.0 94.11 82.45 31.67 23.10 20.1 14.1 37.1 390 10 47,466 2,283
Czech Republic 43.5 19.1 2031.40 1765.27 883.99 336.48 128.3 15.1 162.7 CZK 21.9501 43.5 19.1 2031.40 1765.27 883.99 336.48 128.3 15.1 162.7 1,005 121 61,839 19,065
Estonia 48.0 33.0 78.12 65.26 37.52 21.52 45.6 19.7 74.3 EUR 0.9216 48.0 33.0 78.12 65.26 37.52 21.52 45.6 19.7 74.3 156 14 12,642 2,437
Finland 45.2 20.5 104.50 95.96 47.27 19.66 120.7 8.9 140.4 EUR 0.9216 45.2 20.5 104.50 95.96 47.27 19.66 120.7 8.9 140.4 609 82 54,041 16,266
France 55.6 38.0 154.17 109.10 85.76 41.41 46.5 41.3 107.1 EUR 0.9216 55.6 38.0 154.17 109.10 85.76 41.41 46.5 41.3 107.1 9,530 1,827 579,363 152,915
Germany 46.7 25.7 97.27 81.06 45.41 20.82 81.8 20.0 118.2 EUR 0.9216 46.7 25.7 97.27 81.06 45.41 20.82 81.8 20.0 118.2 11,025 2,086 734,698 334,074
Greece 43.0 23.0 112.39 93.36 48.33 21.43 87.3 20.4 125.5 EUR 0.9216 43.0 23.0 112.39 93.36 48.33 21.43 87.3 20.4 125.5 1,798 84 158,182 11,852
Hungary 49.0 34.6 37818.85 29688.22 18517.53 10271.13 41.5 27.4 80.3 HUF 359.39 49.0 34.6 37818.85 29688.22 18517.53 10271.13 41.5 27.4 80.3 760 84 49,892 14,052
Ireland 58.8 35.2 133.47 112.50 78.50 39.58 67.1 18.6 98.3 EUR 0.9216 58.8 35.2 133.47 112.50 78.50 39.58 67.1 18.6 98.3 1,137 270 69,842 37,165
Israel 50.1 28.0 832.07 575.41 416.85 161.13 78.9 44.6 158.7 ILS 3.4601 50.1 28.0 832.07 575.41 416.85 161.13 78.9 44.6 158.7 437 66 55,223 13,402
Italy 53.1 28.1 132.01 117.32 70.09 32.92 89.2 12.5 112.9 EUR 0.9216 53.1 28.1 132.01 117.32 70.09 32.92 89.2 12.5 112.9 6,990 758 381,132 83,749
Latvia 42.5 25.3 70.44 57.60 29.96 14.56 68.3 22.3 105.8 EUR 0.9216 42.5 25.3 70.44 57.60 29.96 14.56 68.3 22.3 105.8 142 20 9,982 3,336
Lithuania 51.9 34.3 65.20 53.43 33.85 18.30 51.5 22.0 84.9 EUR 0.9216 51.9 34.3 65.20 53.43 33.85 18.30 51.5 22.0 84.9 168 28 10,259 3,505
Malta 39.2 19.6 103.03 93.97 40.37 18.42 99.9 9.6 119.2 EUR 0.9216 39.2 19.6 103.03 93.97 40.37 18.42 99.9 9.6 119.2 151 17 19,634 4,263
Netherlands 52.0 18.2 116.45 82.78 60.52 15.06 185.7 40.7 301.9 EUR 0.9216 52.0 18.2 116.45 82.78 60.52 15.06 185.7 40.7 301.9 2,156 455 135,314 68,386
Poland 52.7 34.2 333.52 262.64 175.77 89.74 54.2 27.0 95.9 PLN 4.338938 52.7 34.2 333.52 262.64 175.77 89.74 54.2 27.0 95.9 1,177 317 98,672 46,550
Portugal 43.3 21.8 106.72 91.03 46.19 19.84 98.6 17.2 132.8 EUR 0.9216 43.3 21.8 106.72 91.03 46.19 19.84 98.6 17.2 132.8 1,679 256 135,242 32,521
Romania 49.2 27.3 397.09 286.24 195.23 78.25 79.9 38.7 149.5 RON 4.5226 49.2 27.3 397.09 286.24 195.23 78.25 79.9 38.7 149.5 460 68 32,901 10,108
Russia 48.1 48.2 7043.21 6597.39 3387.11 3180.70 -0.3 6.8 6.5 RUB 69.88 48.1 48.2 7043.21 6597.39 3387.11 3180.70 -0.3 6.8 6.5 1,828 156 183,623 35,114
Slovakia 44.8 24.9 95.76 92.04 42.90 22.88 80.2 4.0 87.5 EUR 0.9216 44.8 24.9 95.76 92.04 42.90 22.88 80.2 4.0 87.5 333 27 18,861 3,275
Spain 56.5 38.5 108.34 99.85 61.21 38.47 46.6 8.5 59.1 EUR 0.9216 56.5 38.5 108.34 99.85 61.21 38.47 46.6 8.5 59.1 10,201 1,062 773,174 152,148
Switzerland 49.8 30.7 272.67 284.57 135.92 87.29 62.5 -4.2 55.7 CHF 0.92538 49.8 30.7 272.67 284.57 135.92 87.29 62.5 -4.2 55.7 2,628 429 121,428 43,869
Turkey 53.1 50.6 2249.53 1113.78 1194.06 563.81 4.9 102.0 111.8 TRY 18.8085 53.1 50.6 2249.53 1113.78 1194.06 563.81 4.9 102.0 111.8 1,995 387 308,852 64,012
United Kingdom 64.0 46.4 91.20 72.35 58.38 33.56 38.0 26.1 73.9 GBP 0.80957 64.0 46.4 91.20 72.35 58.38 33.56 38.0 26.1 73.9 14,620 4,080 682,748 435,466

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR Report, in whole or part, without written
permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Country Performance (Data in Euros)
For the Month of: January 2023

January 2023 vs January 2022 Year to Date - January 2023 vs January 2022 Participation
Percent Change from January Percent Change from YTD
Occ (%) ADR RevPAR Occ (%) ADR RevPAR Properties Rooms
2022 2022
2023 2022 2023 2022 2023 2022 Occ ADR RevPAR 2023 2022 2023 2022 2023 2022 Occ ADR RevPAR Census Sample Census Sample
Europe 53.7 35.1 114.31 94.86 61.37 33.26 53.1 20.5 84.5 53.7 35.1 114.31 94.86 61.37 33.26 53.1 20.5 84.5 80,593 13,824 5,454,184 1,770,244

Countries
Austria 47.4 21.3 122.31 116.39 57.98 24.84 122.1 5.1 133.4 47.4 21.3 122.31 116.39 57.98 24.84 122.1 5.1 133.4 2,698 240 148,397 36,814
Belgium 51.3 32.7 116.33 95.00 59.63 31.09 56.6 22.5 91.8 51.3 32.7 116.33 95.00 59.63 31.09 56.6 22.5 91.8 995 200 58,469 26,897
Bulgaria 35.5 25.5 99.47 91.75 35.34 23.39 39.4 8.4 51.1 35.5 25.5 99.47 91.75 35.34 23.39 39.4 8.4 51.1 566 18 59,965 3,114
Croatia 33.7 28.0 94.11 82.45 31.67 23.10 20.1 14.1 37.1 33.7 28.0 94.11 82.45 31.67 23.10 20.1 14.1 37.1 390 10 47,466 2,283
Czech Republic 43.5 19.1 85.29 72.60 37.12 13.84 128.3 17.5 168.2 43.5 19.1 85.29 72.60 37.12 13.84 128.3 17.5 168.2 1,005 121 61,839 19,065
Estonia 48.0 33.0 78.12 65.26 37.52 21.52 45.6 19.7 74.3 48.0 33.0 78.12 65.26 37.52 21.52 45.6 19.7 74.3 156 14 12,642 2,437
Finland 45.2 20.5 104.50 95.96 47.27 19.66 120.7 8.9 140.4 45.2 20.5 104.50 95.96 47.27 19.66 120.7 8.9 140.4 609 82 54,041 16,266
France 55.6 38.0 154.17 109.10 85.76 41.41 46.5 41.3 107.1 55.6 38.0 154.17 109.10 85.76 41.41 46.5 41.3 107.1 9,530 1,827 579,363 152,915
Germany 46.7 25.7 97.27 81.06 45.41 20.82 81.8 20.0 118.2 46.7 25.7 97.27 81.06 45.41 20.82 81.8 20.0 118.2 11,025 2,086 734,698 334,074
Greece 43.0 23.0 112.39 93.36 48.33 21.43 87.3 20.4 125.5 43.0 23.0 112.39 93.36 48.33 21.43 87.3 20.4 125.5 1,798 84 158,182 11,852
Hungary 49.0 34.6 96.98 82.90 47.49 28.68 41.5 17.0 65.6 49.0 34.6 96.98 82.90 47.49 28.68 41.5 17.0 65.6 760 84 49,892 14,052
Ireland 58.8 35.2 133.47 112.50 78.50 39.58 67.1 18.6 98.3 58.8 35.2 133.47 112.50 78.50 39.58 67.1 18.6 98.3 1,137 270 69,842 37,165
Israel 50.1 28.0 221.62 161.17 111.03 45.13 78.9 37.5 146.0 50.1 28.0 221.62 161.17 111.03 45.13 78.9 37.5 146.0 437 66 55,223 13,402
Italy 53.1 28.1 132.01 117.32 70.09 32.92 89.2 12.5 112.9 53.1 28.1 132.01 117.32 70.09 32.92 89.2 12.5 112.9 6,990 758 381,132 83,749
Latvia 42.5 25.3 70.44 57.60 29.96 14.56 68.3 22.3 105.8 42.5 25.3 70.44 57.60 29.96 14.56 68.3 22.3 105.8 142 20 9,982 3,336
Lithuania 51.9 34.3 65.20 53.43 33.85 18.30 51.5 22.0 84.9 51.9 34.3 65.20 53.43 33.85 18.30 51.5 22.0 84.9 168 28 10,259 3,505
Malta 39.2 19.6 103.03 93.97 40.37 18.42 99.9 9.6 119.2 39.2 19.6 103.03 93.97 40.37 18.42 99.9 9.6 119.2 151 17 19,634 4,263
Netherlands 52.0 18.2 116.45 82.78 60.52 15.06 185.7 40.7 301.9 52.0 18.2 116.45 82.78 60.52 15.06 185.7 40.7 301.9 2,156 455 135,314 68,386
Poland 52.7 34.2 70.84 57.32 37.33 19.58 54.2 23.6 90.6 52.7 34.2 70.84 57.32 37.33 19.58 54.2 23.6 90.6 1,177 317 98,672 46,550
Portugal 43.3 21.8 106.72 91.03 46.19 19.84 98.6 17.2 132.8 43.3 21.8 106.72 91.03 46.19 19.84 98.6 17.2 132.8 1,679 256 135,242 32,521
Romania 49.2 27.3 80.92 57.98 39.78 15.85 79.9 39.6 151.0 49.2 27.3 80.92 57.98 39.78 15.85 79.9 39.6 151.0 460 68 32,901 10,108
Russia 48.1 48.2 92.89 76.11 44.67 36.69 -0.3 22.1 21.7 48.1 48.2 92.89 76.11 44.67 36.69 -0.3 22.1 21.7 1,828 156 183,623 35,114
Slovakia 44.8 24.9 95.76 92.04 42.90 22.88 80.2 4.0 87.5 44.8 24.9 95.76 92.04 42.90 22.88 80.2 4.0 87.5 333 27 18,861 3,275
Spain 56.5 38.5 108.34 99.85 61.21 38.47 46.6 8.5 59.1 56.5 38.5 108.34 99.85 61.21 38.47 46.6 8.5 59.1 10,201 1,062 773,174 152,148
Switzerland 49.8 30.7 271.56 274.01 135.37 84.05 62.5 -0.9 61.1 49.8 30.7 271.56 274.01 135.37 84.05 62.5 -0.9 61.1 2,628 429 121,428 43,869
Turkey 53.1 50.6 110.22 74.08 58.51 37.50 4.9 48.8 56.0 53.1 50.6 110.22 74.08 58.51 37.50 4.9 48.8 56.0 1,995 387 308,852 64,012
United Kingdom 64.0 46.4 103.82 86.95 66.46 40.34 38.0 19.4 64.8 64.0 46.4 103.82 86.95 66.46 40.34 38.0 19.4 64.8 14,620 4,080 682,748 435,466

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR
Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Country Performance (Data in British Pounds)
For the Month of: January 2023

January 2023 vs January 2022 Year to Date - January 2023 vs January 2022 Participation
Percent Change from January Percent Change from YTD
Occ (%) ADR RevPAR Occ (%) ADR RevPAR Properties Rooms
2022 2022
2023 2022 2023 2022 2023 2022 Occ ADR RevPAR 2023 2022 2023 2022 2023 2022 Occ ADR RevPAR Census Sample Census Sample
Europe 53.7 35.1 100.41 78.93 53.91 27.68 53.1 27.2 94.8 53.7 35.1 100.41 78.93 53.91 27.68 53.1 27.2 94.8 80,593 13,824 5,454,184 1,770,244

Countries
Austria 47.4 21.3 107.44 96.85 50.93 20.67 122.1 10.9 146.4 47.4 21.3 107.44 96.85 50.93 20.67 122.1 10.9 146.4 2,698 240 148,397 36,814
Belgium 51.3 32.7 102.19 79.04 52.38 25.86 56.6 29.3 102.5 51.3 32.7 102.19 79.04 52.38 25.86 56.6 29.3 102.5 995 200 58,469 26,897
Bulgaria 35.5 25.5 87.38 76.35 31.04 19.46 39.4 14.4 59.5 35.5 25.5 87.38 76.35 31.04 19.46 39.4 14.4 59.5 566 18 59,965 3,114
Croatia 33.7 28.0 82.67 68.61 27.82 19.22 20.1 20.5 44.8 33.7 28.0 82.67 68.61 27.82 19.22 20.1 20.5 44.8 390 10 47,466 2,283
Czech Republic 43.5 19.1 74.92 60.41 32.60 11.51 128.3 24.0 183.2 43.5 19.1 74.92 60.41 32.60 11.51 128.3 24.0 183.2 1,005 121 61,839 19,065
Estonia 48.0 33.0 68.63 54.30 32.96 17.91 45.6 26.4 84.0 48.0 33.0 68.63 54.30 32.96 17.91 45.6 26.4 84.0 156 14 12,642 2,437
Finland 45.2 20.5 91.80 79.84 41.52 16.36 120.7 15.0 153.8 45.2 20.5 91.80 79.84 41.52 16.36 120.7 15.0 153.8 609 82 54,041 16,266
France 55.6 38.0 135.43 90.78 75.33 34.46 46.5 49.2 118.6 55.6 38.0 135.43 90.78 75.33 34.46 46.5 49.2 118.6 9,530 1,827 579,363 152,915
Germany 46.7 25.7 85.45 67.45 39.89 17.32 81.8 26.7 130.3 46.7 25.7 85.45 67.45 39.89 17.32 81.8 26.7 130.3 11,025 2,086 734,698 334,074
Greece 43.0 23.0 98.72 77.68 42.45 17.83 87.3 27.1 138.1 43.0 23.0 98.72 77.68 42.45 17.83 87.3 27.1 138.1 1,798 84 158,182 11,852
Hungary 49.0 34.6 85.19 68.98 41.71 23.86 41.5 23.5 74.8 49.0 34.6 85.19 68.98 41.71 23.86 41.5 23.5 74.8 760 84 49,892 14,052
Ireland 58.8 35.2 117.24 93.61 68.95 32.94 67.1 25.2 109.4 58.8 35.2 117.24 93.61 68.95 32.94 67.1 25.2 109.4 1,137 270 69,842 37,165
Israel 50.1 28.0 194.68 134.10 97.53 37.55 78.9 45.2 159.7 50.1 28.0 194.68 134.10 97.53 37.55 78.9 45.2 159.7 437 66 55,223 13,402
Italy 53.1 28.1 115.96 97.62 61.57 27.39 89.2 18.8 124.7 53.1 28.1 115.96 97.62 61.57 27.39 89.2 18.8 124.7 6,990 758 381,132 83,749
Latvia 42.5 25.3 61.88 47.93 26.32 12.11 68.3 29.1 117.3 42.5 25.3 61.88 47.93 26.32 12.11 68.3 29.1 117.3 142 20 9,982 3,336
Lithuania 51.9 34.3 57.27 44.46 29.73 15.23 51.5 28.8 95.2 51.9 34.3 57.27 44.46 29.73 15.23 51.5 28.8 95.2 168 28 10,259 3,505
Malta 39.2 19.6 90.51 78.19 35.46 15.32 99.9 15.8 131.4 39.2 19.6 90.51 78.19 35.46 15.32 99.9 15.8 131.4 151 17 19,634 4,263
Netherlands 52.0 18.2 102.29 68.88 53.16 12.53 185.7 48.5 324.3 52.0 18.2 102.29 68.88 53.16 12.53 185.7 48.5 324.3 2,156 455 135,314 68,386
Poland 52.7 34.2 62.23 47.69 32.80 16.30 54.2 30.5 101.3 52.7 34.2 62.23 47.69 32.80 16.30 54.2 30.5 101.3 1,177 317 98,672 46,550
Portugal 43.3 21.8 93.74 75.74 40.58 16.51 98.6 23.8 145.8 43.3 21.8 93.74 75.74 40.58 16.51 98.6 23.8 145.8 1,679 256 135,242 32,521
Romania 49.2 27.3 71.08 48.25 34.95 13.19 79.9 47.3 165.0 49.2 27.3 71.08 48.25 34.95 13.19 79.9 47.3 165.0 460 68 32,901 10,108
Russia 48.1 48.2 81.60 63.33 39.24 30.53 -0.3 28.9 28.5 48.1 48.2 81.60 63.33 39.24 30.53 -0.3 28.9 28.5 1,828 156 183,623 35,114
Slovakia 44.8 24.9 84.12 76.58 37.68 19.04 80.2 9.8 97.9 44.8 24.9 84.12 76.58 37.68 19.04 80.2 9.8 97.9 333 27 18,861 3,275
Spain 56.5 38.5 95.17 83.08 53.77 32.01 46.6 14.6 68.0 56.5 38.5 95.17 83.08 53.77 32.01 46.6 14.6 68.0 10,201 1,062 773,174 152,148
Switzerland 49.8 30.7 238.55 227.99 118.91 69.93 62.5 4.6 70.0 49.8 30.7 238.55 227.99 118.91 69.93 62.5 4.6 70.0 2,628 429 121,428 43,869
Turkey 53.1 50.6 96.83 61.64 51.40 31.20 4.9 57.1 64.7 53.1 50.6 96.83 61.64 51.40 31.20 4.9 57.1 64.7 1,995 387 308,852 64,012
United Kingdom 64.0 46.4 91.20 72.35 58.38 33.56 38.0 26.1 73.9 64.0 46.4 91.20 72.35 58.38 33.56 38.0 26.1 73.9 14,620 4,080 682,748 435,466

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR
Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Country Performance (Data in US Dollars)
For the Month of: January 2023

January 2023 vs January 2022 Year to Date - January 2023 vs January 2022 Participation
Percent Change from January Percent Change from YTD
Occ (%) ADR RevPAR Occ (%) ADR RevPAR Properties Rooms
2022 2022
2023 2022 2023 2022 2023 2022 Occ ADR RevPAR 2023 2022 2023 2022 2023 2022 Occ ADR RevPAR Census Sample Census Sample
Europe 53.7 35.1 124.03 105.78 66.59 37.09 53.1 17.3 79.5 53.7 35.1 124.03 105.78 66.59 37.09 53.1 17.3 79.5 80,593 13,824 5,454,184 1,770,244

Countries
Austria 47.4 21.3 132.71 129.79 62.91 27.70 122.1 2.2 127.1 47.4 21.3 132.71 129.79 62.91 27.70 122.1 2.2 127.1 2,698 240 148,397 36,814
Belgium 51.3 32.7 126.23 105.93 64.70 34.66 56.6 19.2 86.6 51.3 32.7 126.23 105.93 64.70 34.66 56.6 19.2 86.6 995 200 58,469 26,897
Bulgaria 35.5 25.5 107.93 102.32 38.35 26.08 39.4 5.5 47.0 35.5 25.5 107.93 102.32 38.35 26.08 39.4 5.5 47.0 566 18 59,965 3,114
Croatia 33.7 28.0 102.11 91.95 34.36 25.76 20.1 11.1 33.4 33.7 28.0 102.11 91.95 34.36 25.76 20.1 11.1 33.4 390 10 47,466 2,283
Czech Republic 43.5 19.1 92.55 80.96 40.27 15.43 128.3 14.3 161.0 43.5 19.1 92.55 80.96 40.27 15.43 128.3 14.3 161.0 1,005 121 61,839 19,065
Estonia 48.0 33.0 84.77 72.77 40.71 24.00 45.6 16.5 69.6 48.0 33.0 84.77 72.77 40.71 24.00 45.6 16.5 69.6 156 14 12,642 2,437
Finland 45.2 20.5 113.39 107.01 51.29 21.93 120.7 6.0 133.9 45.2 20.5 113.39 107.01 51.29 21.93 120.7 6.0 133.9 609 82 54,041 16,266
France 55.6 38.0 167.28 121.67 93.05 46.18 46.5 37.5 101.5 55.6 38.0 167.28 121.67 93.05 46.18 46.5 37.5 101.5 9,530 1,827 579,363 152,915
Germany 46.7 25.7 105.55 90.39 49.27 23.21 81.8 16.8 112.3 46.7 25.7 105.55 90.39 49.27 23.21 81.8 16.8 112.3 11,025 2,086 734,698 334,074
Greece 43.0 23.0 121.95 104.11 52.44 23.90 87.3 17.1 119.4 43.0 23.0 121.95 104.11 52.44 23.90 87.3 17.1 119.4 1,798 84 158,182 11,852
Hungary 49.0 34.6 105.23 92.45 51.52 31.98 41.5 13.8 61.1 49.0 34.6 105.23 92.45 51.52 31.98 41.5 13.8 61.1 760 84 49,892 14,052
Ireland 58.8 35.2 144.82 125.46 85.17 44.14 67.1 15.4 93.0 58.8 35.2 144.82 125.46 85.17 44.14 67.1 15.4 93.0 1,137 270 69,842 37,165
Israel 50.1 28.0 240.48 179.73 120.47 50.33 78.9 33.8 139.4 50.1 28.0 240.48 179.73 120.47 50.33 78.9 33.8 139.4 437 66 55,223 13,402
Italy 53.1 28.1 143.24 130.83 76.05 36.71 89.2 9.5 107.1 53.1 28.1 143.24 130.83 76.05 36.71 89.2 9.5 107.1 6,990 758 381,132 83,749
Latvia 42.5 25.3 76.44 64.23 32.51 16.23 68.3 19.0 100.3 42.5 25.3 76.44 64.23 32.51 16.23 68.3 19.0 100.3 142 20 9,982 3,336
Lithuania 51.9 34.3 70.74 59.58 36.73 20.41 51.5 18.7 79.9 51.9 34.3 70.74 59.58 36.73 20.41 51.5 18.7 79.9 168 28 10,259 3,505
Malta 39.2 19.6 111.80 104.79 43.81 20.54 99.9 6.7 113.3 39.2 19.6 111.80 104.79 43.81 20.54 99.9 6.7 113.3 151 17 19,634 4,263
Netherlands 52.0 18.2 126.35 92.31 65.67 16.79 185.7 36.9 291.1 52.0 18.2 126.35 92.31 65.67 16.79 185.7 36.9 291.1 2,156 455 135,314 68,386
Poland 52.7 34.2 76.87 63.92 40.51 21.84 54.2 20.3 85.5 52.7 34.2 76.87 63.92 40.51 21.84 54.2 20.3 85.5 1,177 317 98,672 46,550
Portugal 43.3 21.8 115.80 101.51 50.12 22.12 98.6 14.1 126.6 43.3 21.8 115.80 101.51 50.12 22.12 98.6 14.1 126.6 1,679 256 135,242 32,521
Romania 49.2 27.3 87.80 64.66 43.17 17.68 79.9 35.8 144.2 49.2 27.3 87.80 64.66 43.17 17.68 79.9 35.8 144.2 460 68 32,901 10,108
Russia 48.1 48.2 100.79 84.87 48.47 40.92 -0.3 18.8 18.5 48.1 48.2 100.79 84.87 48.47 40.92 -0.3 18.8 18.5 1,828 156 183,623 35,114
Slovakia 44.8 24.9 103.90 102.64 46.55 25.52 80.2 1.2 82.4 44.8 24.9 103.90 102.64 46.55 25.52 80.2 1.2 82.4 333 27 18,861 3,275
Spain 56.5 38.5 117.56 111.35 66.41 42.90 46.6 5.6 54.8 56.5 38.5 117.56 111.35 66.41 42.90 46.6 5.6 54.8 10,201 1,062 773,174 152,148
Switzerland 49.8 30.7 294.66 305.56 146.88 93.73 62.5 -3.6 56.7 49.8 30.7 294.66 305.56 146.88 93.73 62.5 -3.6 56.7 2,628 429 121,428 43,869
Turkey 53.1 50.6 119.60 82.61 63.49 41.82 4.9 44.8 51.8 53.1 50.6 119.60 82.61 63.49 41.82 4.9 44.8 51.8 1,995 387 308,852 64,012
United Kingdom 64.0 46.4 112.65 96.96 72.11 44.98 38.0 16.2 60.3 64.0 46.4 112.65 96.96 72.11 44.98 38.0 16.2 60.3 14,620 4,080 682,748 435,466

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR
Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Market Performance (Data in Local Currency)
For the Month of: January 2023

January 2023 vs January 2022 January 2023 Year to Date - January 2023 vs January 2022 Participation
Percent Change from January Exchange Percent Change from YTD
Occ (%) ADR RevPAR Occ (%) ADR RevPAR Properties Rooms
2022 Currency Rate to 2022
Markets 2023 2022 2023 2022 2023 2022 Occ ADR RevPAR ISO Code USD 2023 2022 2023 2022 2023 2022 Occ ADR RevPAR Census Sample Census Sample
Amsterdam 53.0 16.2 130.81 87.05 69.30 14.10 227.0 50.3 391.4 EUR 0.9216 53.0 16.2 130.81 87.05 69.30 14.10 227.0 50.3 391.4 450 202 47,665 37,048
Athens 42.2 18.5 126.86 106.58 53.48 19.69 128.2 19.0 171.6 EUR 0.9216 42.2 18.5 126.86 106.58 53.48 19.69 128.2 19.0 171.6 256 50 21,718 8,294
Baku 31.5 22.8 186.80 159.84 58.92 36.42 38.4 16.9 61.8 AZN 1.7 31.5 22.8 186.80 159.84 58.92 36.42 38.4 16.9 61.8 90 15 8,521 3,620
Barcelona 54.5 30.5 113.76 87.32 62.03 26.62 78.9 30.3 133.0 EUR 0.9216 54.5 30.5 113.76 87.32 62.03 26.62 78.9 30.3 133.0 920 224 74,878 29,700
Belgrade 48.0 29.5 12642.42 10335.89 6068.81 3054.08 62.5 22.3 98.7 RSD 107.695 48.0 29.5 12642.42 10335.89 6068.81 3054.08 62.5 22.3 98.7 123 19 7,788 2,692
Berlin 49.7 27.5 94.82 75.72 47.17 20.83 80.8 25.2 126.5 EUR 0.9216 49.7 27.5 94.82 75.72 47.17 20.83 80.8 25.2 126.5 693 277 74,699 52,920
Bratislava 44.6 25.0 85.01 73.38 37.92 18.32 78.6 15.8 106.9 EUR 0.9216 44.6 25.0 85.01 73.38 37.92 18.32 78.6 15.8 106.9 77 22 5,564 2,739
Brussels 51.7 25.0 125.13 96.19 64.66 24.03 106.8 30.1 169.0 EUR 0.9216 51.7 25.0 125.13 96.19 64.66 24.03 106.8 30.1 169.0 244 95 22,421 15,676
Bucharest 54.0 27.4 438.28 313.54 236.76 85.79 97.4 39.8 176.0 RON 4.5226 54.0 27.4 438.28 313.54 236.76 85.79 97.4 39.8 176.0 160 33 11,847 6,161
Budapest 48.1 33.8 39164.70 31241.57 18821.02 10562.69 42.1 25.4 78.2 HUF 359.39 48.1 33.8 39164.70 31241.57 18821.02 10562.69 42.1 25.4 78.2 307 77 24,850 12,895
Copenhagen 41.7 21.7 795.15 669.39 331.80 145.55 91.9 18.8 128.0 DKK 6.855 41.7 21.7 795.15 669.39 331.80 145.55 91.9 18.8 128.0 141 45 26,589 10,576
Dublin 64.3 36.6 138.84 107.97 89.26 39.53 75.6 28.6 125.8 EUR 0.9216 64.3 36.6 138.84 107.97 89.26 39.53 75.6 28.6 125.8 246 120 26,028 20,847
Edinburgh 61.1 38.0 81.02 69.21 49.52 26.30 60.9 17.1 88.3 GBP 0.80957 61.1 38.0 81.02 69.21 49.52 26.30 60.9 17.1 88.3 237 126 16,641 14,599
Frankfurt Centre 48.3 21.2 117.69 83.71 56.88 17.76 127.8 40.6 220.3 EUR 0.9216 48.3 21.2 117.69 83.71 56.88 17.76 127.8 40.6 220.3 185 91 25,443 18,697
Geneva Area 48.6 28.1 240.42 264.75 116.86 74.36 73.1 -9.2 57.2 CHF 0.92538 48.6 28.1 240.42 264.75 116.86 74.36 73.1 -9.2 57.2 116 48 10,633 7,058
Helsinki 42.4 17.7 106.34 99.25 45.12 17.61 139.1 7.1 156.2 EUR 0.9216 42.4 17.7 106.34 99.25 45.12 17.61 139.1 7.1 156.2 113 39 18,366 9,067
Istanbul 60.5 56.1 2774.02 1384.86 1678.88 777.20 7.8 100.3 116.0 TRY 18.8085 60.5 56.1 2774.02 1384.86 1678.88 777.20 7.8 100.3 116.0 592 194 66,166 35,404
Lisbon 46.2 19.5 122.42 101.91 56.52 19.85 137.0 20.1 184.8 EUR 0.9216 46.2 19.5 122.42 101.91 56.52 19.85 137.0 20.1 184.8 272 80 25,543 12,137
London 65.1 37.9 150.60 111.21 97.99 42.17 71.6 35.4 132.4 GBP 0.80957 65.1 37.9 150.60 111.21 97.99 42.17 71.6 35.4 132.4 1,610 766 146,156 113,488
Madrid 59.8 37.9 125.12 103.10 74.78 39.10 57.6 21.4 91.2 EUR 0.9216 59.8 37.9 125.12 103.10 74.78 39.10 57.6 21.4 91.2 550 243 54,891 34,261
Manchester 68.5 49.1 74.94 66.42 51.31 32.58 39.6 12.8 57.5 GBP 0.80957 68.5 49.1 74.94 66.42 51.31 32.58 39.6 12.8 57.5 278 166 26,830 22,621
Milan 57.2 28.4 157.75 119.77 90.28 34.07 101.2 31.7 165.0 EUR 0.9216 57.2 28.4 157.75 119.77 90.28 34.07 101.2 31.7 165.0 435 142 35,302 20,057
Moscow 56.0 56.1 6375.45 6553.14 3569.19 3676.41 -0.2 -2.7 -2.9 RUB 69.88 56.0 56.1 6375.45 6553.14 3569.19 3676.41 -0.2 -2.7 -2.9 334 48 51,153 13,257
Paris 67.4 35.1 295.42 202.73 199.16 71.19 92.0 45.7 179.7 EUR 0.9216 67.4 35.1 295.42 202.73 199.16 71.19 92.0 45.7 179.7 1,456 343 83,971 29,970
Prague 44.3 18.9 2101.39 1806.14 931.32 341.63 134.3 16.3 172.6 CZK 21.9501 44.3 18.9 2101.39 1806.14 931.32 341.63 134.3 16.3 172.6 510 94 35,447 15,346
Riga 42.5 25.3 70.44 57.60 29.96 14.56 68.3 22.3 105.8 EUR 0.9216 42.5 25.3 70.44 57.60 29.96 14.56 68.3 22.3 105.8 111 20 8,101 3,336
Rome 49.7 23.6 146.02 126.10 72.57 29.73 110.8 15.8 144.1 EUR 0.9216 49.7 23.6 146.02 126.10 72.57 29.73 110.8 15.8 144.1 571 140 43,114 18,110
Saint Petersburg 39.5 35.6 6816.33 5413.98 2693.18 1925.83 11.1 25.9 39.8 RUB 69.88 39.5 35.6 6816.33 5413.98 2693.18 1925.83 11.1 25.9 39.8 244 31 24,310 8,102
Sofia 39.1 24.8 183.66 144.82 71.87 35.93 57.7 26.8 100.0 BGN 1.792717 39.1 24.8 183.66 144.82 71.87 35.93 57.7 26.8 100.0 127 11 7,859 2,032
Tallinn 48.2 33.0 78.19 65.26 37.71 21.52 46.2 19.8 75.2 EUR 0.9216 48.2 33.0 78.19 65.26 37.71 21.52 46.2 19.8 75.2 77 13 7,844 2,413
Tel Aviv 48.8 27.7 1041.15 517.44 508.55 143.35 76.3 101.2 254.8 ILS 3.4601 48.8 27.7 1041.15 517.44 508.55 143.35 76.3 101.2 254.8 105 26 12,075 5,129
Vienna 46.6 18.7 113.78 95.16 52.98 17.80 149.0 19.6 197.7 EUR 0.9216 46.6 18.7 113.78 95.16 52.98 17.80 149.0 19.6 197.7 401 144 38,786 26,027
Vilnius 50.1 33.1 65.45 54.07 32.81 17.92 51.3 21.0 83.1 EUR 0.9216 50.1 33.1 65.45 54.07 32.81 17.92 51.3 21.0 83.1 80 23 5,788 2,946
Warsaw 61.4 36.5 369.55 265.51 226.73 96.96 68.0 39.2 133.8 PLN 4.338938 61.4 36.5 369.55 265.51 226.73 96.96 68.0 39.2 133.8 153 75 20,755 15,819
Zurich 58.7 29.1 247.63 231.24 145.29 67.38 101.4 7.1 115.6 CHF 0.92538 58.7 29.1 247.63 231.24 145.29 67.38 101.4 7.1 115.6 129 70 9,679 7,214

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR Report, in whole or part, without written
permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Market Performance (Data in Euros)
For the Month of: January 2023

January 2023 vs January 2022 Year to Date - January 2023 vs January 2022 Participation
Percent Change from January Percent Change from YTD
Occ (%) ADR RevPAR Occ (%) ADR RevPAR Properties Rooms
2022 2022
2023 2022 2023 2022 2023 2022 Occ ADR RevPAR 2023 2022 2023 2022 2023 2022 Occ ADR RevPAR Census Sample Census Sample
Europe 53.7 35.1 114.31 94.86 61.37 33.26 53.1 20.5 84.5 53.7 35.1 114.31 94.86 61.37 33.26 53.1 20.5 84.5 80,593 13,824 5,454,184 1,770,244

Markets
Amsterdam 53.0 16.2 130.81 87.05 69.30 14.10 227.0 50.3 391.4 53.0 16.2 130.81 87.05 69.30 14.10 227.0 50.3 391.4 450 202 47,665 37,048
Athens 42.2 18.5 126.86 106.58 53.48 19.69 128.2 19.0 171.6 42.2 18.5 126.86 106.58 53.48 19.69 128.2 19.0 171.6 256 50 21,718 8,294
Baku 31.5 22.8 101.27 84.32 31.94 19.21 38.4 20.1 66.3 31.5 22.8 101.27 84.32 31.94 19.21 38.4 20.1 66.3 90 15 8,521 3,620
Barcelona 54.5 30.5 113.76 87.32 62.03 26.62 78.9 30.3 133.0 54.5 30.5 113.76 87.32 62.03 26.62 78.9 30.3 133.0 920 224 74,878 29,700
Belgrade 48.0 29.5 108.19 88.01 51.93 26.01 62.5 22.9 99.7 48.0 29.5 108.19 88.01 51.93 26.01 62.5 22.9 99.7 123 19 7,788 2,692
Berlin 49.7 27.5 94.82 75.72 47.17 20.83 80.8 25.2 126.5 49.7 27.5 94.82 75.72 47.17 20.83 80.8 25.2 126.5 693 277 74,699 52,920
Bratislava 44.6 25.0 85.01 73.38 37.92 18.32 78.6 15.8 106.9 44.6 25.0 85.01 73.38 37.92 18.32 78.6 15.8 106.9 77 22 5,564 2,739
Brussels 51.7 25.0 125.13 96.19 64.66 24.03 106.8 30.1 169.0 51.7 25.0 125.13 96.19 64.66 24.03 106.8 30.1 169.0 244 95 22,421 15,676
Bucharest 54.0 27.4 89.31 63.51 48.25 17.38 97.4 40.6 177.6 54.0 27.4 89.31 63.51 48.25 17.38 97.4 40.6 177.6 160 33 11,847 6,161
Budapest 48.1 33.8 100.43 87.24 48.26 29.49 42.1 15.1 63.6 48.1 33.8 100.43 87.24 48.26 29.49 42.1 15.1 63.6 307 77 24,850 12,895
Copenhagen 41.7 21.7 106.90 89.93 44.61 19.55 91.9 18.9 128.1 41.7 21.7 106.90 89.93 44.61 19.55 91.9 18.9 128.1 141 45 26,589 10,576
Dublin 64.3 36.6 138.84 107.97 89.26 39.53 75.6 28.6 125.8 64.3 36.6 138.84 107.97 89.26 39.53 75.6 28.6 125.8 246 120 26,028 20,847
Edinburgh 61.1 38.0 92.23 83.18 56.38 31.60 60.9 10.9 78.4 61.1 38.0 92.23 83.18 56.38 31.60 60.9 10.9 78.4 237 126 16,641 14,599
Frankfurt Centre 48.3 21.2 117.69 83.71 56.88 17.76 127.8 40.6 220.3 48.3 21.2 117.69 83.71 56.88 17.76 127.8 40.6 220.3 185 91 25,443 18,697
Geneva Area 48.6 28.1 239.44 254.93 116.38 71.60 73.1 -6.1 62.5 48.6 28.1 239.44 254.93 116.38 71.60 73.1 -6.1 62.5 116 48 10,633 7,058
Helsinki 42.4 17.7 106.34 99.25 45.12 17.61 139.1 7.1 156.2 42.4 17.7 106.34 99.25 45.12 17.61 139.1 7.1 156.2 113 39 18,366 9,067
Istanbul 60.5 56.1 135.92 92.11 82.26 51.70 7.8 47.6 59.1 60.5 56.1 135.92 92.11 82.26 51.70 7.8 47.6 59.1 592 194 66,166 35,404
Lisbon 46.2 19.5 122.42 101.91 56.52 19.85 137.0 20.1 184.8 46.2 19.5 122.42 101.91 56.52 19.85 137.0 20.1 184.8 272 80 25,543 12,137
London 65.1 37.9 171.44 133.66 111.56 50.68 71.6 28.3 120.1 65.1 37.9 171.44 133.66 111.56 50.68 71.6 28.3 120.1 1,610 766 146,156 113,488
Madrid 59.8 37.9 125.12 103.10 74.78 39.10 57.6 21.4 91.2 59.8 37.9 125.12 103.10 74.78 39.10 57.6 21.4 91.2 550 243 54,891 34,261
Manchester 68.5 49.1 85.31 79.83 58.41 39.16 39.6 6.9 49.2 68.5 49.1 85.31 79.83 58.41 39.16 39.6 6.9 49.2 278 166 26,830 22,621
Milan 57.2 28.4 157.75 119.77 90.28 34.07 101.2 31.7 165.0 57.2 28.4 157.75 119.77 90.28 34.07 101.2 31.7 165.0 435 142 35,302 20,057
Moscow 56.0 56.1 84.08 75.60 47.07 42.41 -0.2 11.2 11.0 56.0 56.1 84.08 75.60 47.07 42.41 -0.2 11.2 11.0 334 48 51,153 13,257
Paris 67.4 35.1 295.42 202.73 199.16 71.19 92.0 45.7 179.7 67.4 35.1 295.42 202.73 199.16 71.19 92.0 45.7 179.7 1,456 343 83,971 29,970
Prague 44.3 18.9 88.23 74.28 39.10 14.05 134.3 18.8 178.3 44.3 18.9 88.23 74.28 39.10 14.05 134.3 18.8 178.3 510 94 35,447 15,346
Riga 42.5 25.3 70.44 57.60 29.96 14.56 68.3 22.3 105.8 42.5 25.3 70.44 57.60 29.96 14.56 68.3 22.3 105.8 111 20 8,101 3,336
Rome 49.7 23.6 146.02 126.10 72.57 29.73 110.8 15.8 144.1 49.7 23.6 146.02 126.10 72.57 29.73 110.8 15.8 144.1 571 140 43,114 18,110
Saint Petersburg 39.5 35.6 89.90 62.46 35.52 22.22 11.1 43.9 59.9 39.5 35.6 89.90 62.46 35.52 22.22 11.1 43.9 59.9 244 31 24,310 8,102
Sofia 39.1 24.8 94.41 74.33 36.95 18.44 57.7 27.0 100.4 39.1 24.8 94.41 74.33 36.95 18.44 57.7 27.0 100.4 127 11 7,859 2,032
Tallinn 48.2 33.0 78.19 65.26 37.71 21.52 46.2 19.8 75.2 48.2 33.0 78.19 65.26 37.71 21.52 46.2 19.8 75.2 77 13 7,844 2,413
Tel Aviv 48.8 27.7 277.31 144.94 135.45 40.15 76.3 91.3 237.3 48.8 27.7 277.31 144.94 135.45 40.15 76.3 91.3 237.3 105 26 12,075 5,129
Vienna 46.6 18.7 113.78 95.16 52.98 17.80 149.0 19.6 197.7 46.6 18.7 113.78 95.16 52.98 17.80 149.0 19.6 197.7 401 144 38,786 26,027
Vilnius 50.1 33.1 65.45 54.07 32.81 17.92 51.3 21.0 83.1 50.1 33.1 65.45 54.07 32.81 17.92 51.3 21.0 83.1 80 23 5,788 2,946
Warsaw 61.4 36.5 78.49 57.95 48.16 21.16 68.0 35.5 127.6 61.4 36.5 78.49 57.95 48.16 21.16 68.0 35.5 127.6 153 75 20,755 15,819
Zurich 58.7 29.1 246.62 222.66 144.69 64.88 101.4 10.8 123.0 58.7 29.1 246.62 222.66 144.69 64.88 101.4 10.8 123.0 129 70 9,679 7,214

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR
Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Market Performance (Data in British Pounds)
For the Month of: January 2023

January 2023 vs January 2022 Year to Date - January 2023 vs January 2022 Participation
Percent Change from January Percent Change from YTD
Occ (%) ADR RevPAR Occ (%) ADR RevPAR Properties Rooms
2022 2022
2023 2022 2023 2022 2023 2022 Occ ADR RevPAR 2023 2022 2023 2022 2023 2022 Occ ADR RevPAR Census Sample Census Sample
Europe 53.7 35.1 100.41 78.93 53.91 27.68 53.1 27.2 94.8 53.7 35.1 100.41 78.93 53.91 27.68 53.1 27.2 94.8 80,593 13,824 5,454,184 1,770,244

Markets
Amsterdam 53.0 16.2 114.90 72.43 60.88 11.73 227.0 58.6 418.8 53.0 16.2 114.90 72.43 60.88 11.73 227.0 58.6 418.8 450 202 47,665 37,048
Athens 42.2 18.5 111.44 88.68 46.98 16.38 128.2 25.7 186.8 42.2 18.5 111.44 88.68 46.98 16.38 128.2 25.7 186.8 256 50 21,718 8,294
Baku 31.5 22.8 88.96 70.16 28.06 15.98 38.4 26.8 75.6 31.5 22.8 88.96 70.16 28.06 15.98 38.4 26.8 75.6 90 15 8,521 3,620
Barcelona 54.5 30.5 99.93 72.65 54.49 22.15 78.9 37.5 146.0 54.5 30.5 99.93 72.65 54.49 22.15 78.9 37.5 146.0 920 224 74,878 29,700
Belgrade 48.0 29.5 95.04 73.23 45.62 21.64 62.5 29.8 110.8 48.0 29.5 95.04 73.23 45.62 21.64 62.5 29.8 110.8 123 19 7,788 2,692
Berlin 49.7 27.5 83.29 63.00 41.44 17.33 80.8 32.2 139.1 49.7 27.5 83.29 63.00 41.44 17.33 80.8 32.2 139.1 693 277 74,699 52,920
Bratislava 44.6 25.0 74.67 61.05 33.31 15.25 78.6 22.3 118.5 44.6 25.0 74.67 61.05 33.31 15.25 78.6 22.3 118.5 77 22 5,564 2,739
Brussels 51.7 25.0 109.92 80.03 56.80 20.00 106.8 37.3 184.0 51.7 25.0 109.92 80.03 56.80 20.00 106.8 37.3 184.0 244 95 22,421 15,676
Bucharest 54.0 27.4 78.46 52.85 42.38 14.46 97.4 48.5 193.1 54.0 27.4 78.46 52.85 42.38 14.46 97.4 48.5 193.1 160 33 11,847 6,161
Budapest 48.1 33.8 88.22 72.59 42.40 24.54 42.1 21.5 72.8 48.1 33.8 88.22 72.59 42.40 24.54 42.1 21.5 72.8 307 77 24,850 12,895
Copenhagen 41.7 21.7 93.91 74.83 39.18 16.27 91.9 25.5 140.8 41.7 21.7 93.91 74.83 39.18 16.27 91.9 25.5 140.8 141 45 26,589 10,576
Dublin 64.3 36.6 121.96 89.84 78.41 32.89 75.6 35.8 138.4 64.3 36.6 121.96 89.84 78.41 32.89 75.6 35.8 138.4 246 120 26,028 20,847
Edinburgh 61.1 38.0 81.02 69.21 49.52 26.30 60.9 17.1 88.3 61.1 38.0 81.02 69.21 49.52 26.30 60.9 17.1 88.3 237 126 16,641 14,599
Frankfurt Centre 48.3 21.2 103.38 69.65 49.97 14.78 127.8 48.4 238.1 48.3 21.2 103.38 69.65 49.97 14.78 127.8 48.4 238.1 185 91 25,443 18,697
Geneva Area 48.6 28.1 210.33 212.12 102.23 59.57 73.1 -0.8 71.6 48.6 28.1 210.33 212.12 102.23 59.57 73.1 -0.8 71.6 116 48 10,633 7,058
Helsinki 42.4 17.7 93.41 82.58 39.64 14.65 139.1 13.1 170.5 42.4 17.7 93.41 82.58 39.64 14.65 139.1 13.1 170.5 113 39 18,366 9,067
Istanbul 60.5 56.1 119.40 76.64 72.26 43.01 7.8 55.8 68.0 60.5 56.1 119.40 76.64 72.26 43.01 7.8 55.8 68.0 592 194 66,166 35,404
Lisbon 46.2 19.5 107.54 84.80 49.65 16.52 137.0 26.8 200.6 46.2 19.5 107.54 84.80 49.65 16.52 137.0 26.8 200.6 272 80 25,543 12,137
London 65.1 37.9 150.60 111.21 97.99 42.17 71.6 35.4 132.4 65.1 37.9 150.60 111.21 97.99 42.17 71.6 35.4 132.4 1,610 766 146,156 113,488
Madrid 59.8 37.9 109.91 85.78 65.69 32.54 57.6 28.1 101.9 59.8 37.9 109.91 85.78 65.69 32.54 57.6 28.1 101.9 550 243 54,891 34,261
Manchester 68.5 49.1 74.94 66.42 51.31 32.58 39.6 12.8 57.5 68.5 49.1 74.94 66.42 51.31 32.58 39.6 12.8 57.5 278 166 26,830 22,621
Milan 57.2 28.4 138.57 99.66 79.31 28.35 101.2 39.0 179.7 57.2 28.4 138.57 99.66 79.31 28.35 101.2 39.0 179.7 435 142 35,302 20,057
Moscow 56.0 56.1 73.86 62.90 41.35 35.29 -0.2 17.4 17.2 56.0 56.1 73.86 62.90 41.35 35.29 -0.2 17.4 17.2 334 48 51,153 13,257
Paris 67.4 35.1 259.51 168.69 174.95 59.24 92.0 53.8 195.3 67.4 35.1 259.51 168.69 174.95 59.24 92.0 53.8 195.3 1,456 343 83,971 29,970
Prague 44.3 18.9 77.50 61.81 34.35 11.69 134.3 25.4 193.8 44.3 18.9 77.50 61.81 34.35 11.69 134.3 25.4 193.8 510 94 35,447 15,346
Riga 42.5 25.3 61.88 47.93 26.32 12.11 68.3 29.1 117.3 42.5 25.3 61.88 47.93 26.32 12.11 68.3 29.1 117.3 111 20 8,101 3,336
Rome 49.7 23.6 128.27 104.93 63.75 24.74 110.8 22.2 157.7 49.7 23.6 128.27 104.93 63.75 24.74 110.8 22.2 157.7 571 140 43,114 18,110
Saint Petersburg 39.5 35.6 78.97 51.97 31.20 18.49 11.1 52.0 68.8 39.5 35.6 78.97 51.97 31.20 18.49 11.1 52.0 68.8 244 31 24,310 8,102
Sofia 39.1 24.8 82.94 61.85 32.46 15.34 57.7 34.1 111.5 39.1 24.8 82.94 61.85 32.46 15.34 57.7 34.1 111.5 127 11 7,859 2,032
Tallinn 48.2 33.0 68.68 54.30 33.12 17.91 46.2 26.5 85.0 48.2 33.0 68.68 54.30 33.12 17.91 46.2 26.5 85.0 77 13 7,844 2,413
Tel Aviv 48.8 27.7 243.60 120.60 118.99 33.41 76.3 102.0 256.1 48.8 27.7 243.60 120.60 118.99 33.41 76.3 102.0 256.1 105 26 12,075 5,129
Vienna 46.6 18.7 99.95 79.18 46.54 14.81 149.0 26.2 214.3 46.6 18.7 99.95 79.18 46.54 14.81 149.0 26.2 214.3 401 144 38,786 26,027
Vilnius 50.1 33.1 57.49 44.99 28.82 14.91 51.3 27.8 93.3 50.1 33.1 57.49 44.99 28.82 14.91 51.3 27.8 93.3 80 23 5,788 2,946
Warsaw 61.4 36.5 68.95 48.22 42.30 17.61 68.0 43.0 140.3 61.4 36.5 68.95 48.22 42.30 17.61 68.0 43.0 140.3 153 75 20,755 15,819
Zurich 58.7 29.1 216.64 185.27 127.10 53.98 101.4 16.9 135.5 58.7 29.1 216.64 185.27 127.10 53.98 101.4 16.9 135.5 129 70 9,679 7,214

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR
Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Market Performance (Data in US Dollars)
For the Month of: January 2023

January 2023 vs January 2022 Year to Date - January 2023 vs January 2022 Participation
Percent Change from January Percent Change from YTD
Occ (%) ADR RevPAR Occ (%) ADR RevPAR Properties Rooms
2022 2022
2023 2022 2023 2022 2023 2022 Occ ADR RevPAR 2023 2022 2023 2022 2023 2022 Occ ADR RevPAR Census Sample Census Sample
Europe 53.7 35.1 124.03 105.78 66.59 37.09 53.1 17.3 79.5 53.7 35.1 124.03 105.78 66.59 37.09 53.1 17.3 79.5 80,593 13,824 5,454,184 1,770,244

Markets
Amsterdam 53.0 16.2 141.93 97.08 75.19 15.73 227.0 46.2 378.1 53.0 16.2 141.93 97.08 75.19 15.73 227.0 46.2 378.1 450 202 47,665 37,048
Athens 42.2 18.5 137.66 118.85 58.03 21.95 128.2 15.8 164.3 42.2 18.5 137.66 118.85 58.03 21.95 128.2 15.8 164.3 256 50 21,718 8,294
Baku 31.5 22.8 109.89 94.02 34.66 21.42 38.4 16.9 61.8 31.5 22.8 109.89 94.02 34.66 21.42 38.4 16.9 61.8 90 15 8,521 3,620
Barcelona 54.5 30.5 123.44 97.37 67.31 29.68 78.9 26.8 126.8 54.5 30.5 123.44 97.37 67.31 29.68 78.9 26.8 126.8 920 224 74,878 29,700
Belgrade 48.0 29.5 117.39 98.14 56.35 29.00 62.5 19.6 94.3 48.0 29.5 117.39 98.14 56.35 29.00 62.5 19.6 94.3 123 19 7,788 2,692
Berlin 49.7 27.5 102.89 84.44 51.19 23.23 80.8 21.8 120.4 49.7 27.5 102.89 84.44 51.19 23.23 80.8 21.8 120.4 693 277 74,699 52,920
Bratislava 44.6 25.0 92.24 81.82 41.14 20.43 78.6 12.7 101.4 44.6 25.0 92.24 81.82 41.14 20.43 78.6 12.7 101.4 77 22 5,564 2,739
Brussels 51.7 25.0 135.77 107.26 70.16 26.80 106.8 26.6 161.8 51.7 25.0 135.77 107.26 70.16 26.80 106.8 26.6 161.8 244 95 22,421 15,676
Bucharest 54.0 27.4 96.91 70.83 52.35 19.38 97.4 36.8 170.1 54.0 27.4 96.91 70.83 52.35 19.38 97.4 36.8 170.1 160 33 11,847 6,161
Budapest 48.1 33.8 108.98 97.28 52.37 32.89 42.1 12.0 59.2 48.1 33.8 108.98 97.28 52.37 32.89 42.1 12.0 59.2 307 77 24,850 12,895
Copenhagen 41.7 21.7 116.00 100.29 48.40 21.81 91.9 15.7 122.0 41.7 21.7 116.00 100.29 48.40 21.81 91.9 15.7 122.0 141 45 26,589 10,576
Dublin 64.3 36.6 150.65 120.41 96.85 44.08 75.6 25.1 119.7 64.3 36.6 150.65 120.41 96.85 44.08 75.6 25.1 119.7 246 120 26,028 20,847
Edinburgh 61.1 38.0 100.08 92.76 61.17 35.24 60.9 7.9 73.6 61.1 38.0 100.08 92.76 61.17 35.24 60.9 7.9 73.6 237 126 16,641 14,599
Frankfurt Centre 48.3 21.2 127.70 93.34 61.72 19.81 127.8 36.8 211.6 48.3 21.2 127.70 93.34 61.72 19.81 127.8 36.8 211.6 185 91 25,443 18,697
Geneva Area 48.6 28.1 259.80 284.28 126.28 79.84 73.1 -8.6 58.2 48.6 28.1 259.80 284.28 126.28 79.84 73.1 -8.6 58.2 116 48 10,633 7,058
Helsinki 42.4 17.7 115.39 110.67 48.96 19.64 139.1 4.3 149.3 42.4 17.7 115.39 110.67 48.96 19.64 139.1 4.3 149.3 113 39 18,366 9,067
Istanbul 60.5 56.1 147.49 102.72 89.26 57.65 7.8 43.6 54.8 60.5 56.1 147.49 102.72 89.26 57.65 7.8 43.6 54.8 592 194 66,166 35,404
Lisbon 46.2 19.5 132.84 113.64 61.33 22.13 137.0 16.9 177.1 46.2 19.5 132.84 113.64 61.33 22.13 137.0 16.9 177.1 272 80 25,543 12,137
London 65.1 37.9 186.03 149.05 121.04 56.52 71.6 24.8 114.2 65.1 37.9 186.03 149.05 121.04 56.52 71.6 24.8 114.2 1,610 766 146,156 113,488
Madrid 59.8 37.9 135.77 114.97 81.14 43.61 57.6 18.1 86.1 59.8 37.9 135.77 114.97 81.14 43.61 57.6 18.1 86.1 550 243 54,891 34,261
Manchester 68.5 49.1 92.57 89.02 63.38 43.67 39.6 4.0 45.1 68.5 49.1 92.57 89.02 63.38 43.67 39.6 4.0 45.1 278 166 26,830 22,621
Milan 57.2 28.4 171.17 133.56 97.96 38.00 101.2 28.2 157.8 57.2 28.4 171.17 133.56 97.96 38.00 101.2 28.2 157.8 435 142 35,302 20,057
Moscow 56.0 56.1 91.23 84.30 51.08 47.29 -0.2 8.2 8.0 56.0 56.1 91.23 84.30 51.08 47.29 -0.2 8.2 8.0 334 48 51,153 13,257
Paris 67.4 35.1 320.55 226.08 216.10 79.39 92.0 41.8 172.2 67.4 35.1 320.55 226.08 216.10 79.39 92.0 41.8 172.2 1,456 343 83,971 29,970
Prague 44.3 18.9 95.73 82.84 42.43 15.67 134.3 15.6 170.8 44.3 18.9 95.73 82.84 42.43 15.67 134.3 15.6 170.8 510 94 35,447 15,346
Riga 42.5 25.3 76.43 64.23 32.51 16.23 68.3 19.0 100.3 42.5 25.3 76.43 64.23 32.51 16.23 68.3 19.0 100.3 111 20 8,101 3,336
Rome 49.7 23.6 158.44 140.62 78.74 33.15 110.8 12.7 137.5 49.7 23.6 158.44 140.62 78.74 33.15 110.8 12.7 137.5 571 140 43,114 18,110
Saint Petersburg 39.5 35.6 97.54 69.65 38.54 24.77 11.1 40.1 55.6 39.5 35.6 97.54 69.65 38.54 24.77 11.1 40.1 55.6 244 31 24,310 8,102
Sofia 39.1 24.8 102.45 82.89 40.09 20.56 57.7 23.6 95.0 39.1 24.8 102.45 82.89 40.09 20.56 57.7 23.6 95.0 127 11 7,859 2,032
Tallinn 48.2 33.0 84.84 72.77 40.91 24.00 46.2 16.6 70.5 48.2 33.0 84.84 72.77 40.91 24.00 46.2 16.6 70.5 77 13 7,844 2,413
Tel Aviv 48.8 27.7 300.90 161.62 146.97 44.78 76.3 86.2 228.2 48.8 27.7 300.90 161.62 146.97 44.78 76.3 86.2 228.2 105 26 12,075 5,129
Vienna 46.6 18.7 123.46 106.12 57.49 19.84 149.0 16.3 189.7 46.6 18.7 123.46 106.12 57.49 19.84 149.0 16.3 189.7 401 144 38,786 26,027
Vilnius 50.1 33.1 71.01 60.29 35.60 19.98 51.3 17.8 78.2 50.1 33.1 71.01 60.29 35.60 19.98 51.3 17.8 78.2 80 23 5,788 2,946
Warsaw 61.4 36.5 85.17 64.62 52.25 23.60 68.0 31.8 121.4 61.4 36.5 85.17 64.62 52.25 23.60 68.0 31.8 121.4 153 75 20,755 15,819
Zurich 58.7 29.1 267.60 248.30 157.00 72.35 101.4 7.8 117.0 58.7 29.1 267.60 248.30 157.00 72.35 101.4 7.8 117.0 129 70 9,679 7,214

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR
Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
European Market Performance Graphs (Data in US Dollars)
For the Month of: January 2023

Top 5 Markets: Occupancy Percent Change Bottom 5 Markets: Occupancy Percent Change
YTD January 2023 vs YTD January 2022 YTD January 2023 vs YTD January 2022
Prague 134.3 Manchester 39.6
250.0 Amsterdam 45.0 Manchester
Lisbon 137.0 227.0 Baku 38.4 Baku
39.6 38.4
Helsinki 139.1 40.0 Saint Petersburg 11.1
Vienna 149.0 Istanbul 7.8
200.0 35.0
Amsterdam 227.0 Moscow -0.2
Vienna 30.0
Prague Lisbon Helsinki 149.0
150.0 134.3 137.0 139.1 25.0
20.0
Saint Petersburg
100.0 15.0
11.1 Istanbul
10.0 7.8

50.0 5.0
0.0
Moscow
0.0 -5.0 -0.2

Top 5 Markets: RevPAR Percent Change Bottom 5 Markets: RevPAR Percent Change
YTD January 2023 vs YTD January 2022 YTD January 2023 vs YTD January 2022
Amsterdam
Lisbon
400.0 177.1
378.1
Geneva Area 58.2
Vienna 189.7 70.0 Saint Petersburg 55.6
Geneva Area
Frankfurt Centre
350.0 211.6 Istanbul 54.8 Saint Petersburg Istanbul
60.0 58.2
Tel Aviv 228.2 Manchester 45.1 55.6 54.8
300.0
Amsterdam 378.1 Moscow 8.0 Manchester
Tel Aviv 50.0 45.1
250.0 Frankfurt Centre 228.2
Vienna 211.6
Lisbon 40.0
200.0 189.7
177.1
30.0
150.0

100.0 20.0
Moscow
10.0 8.0
50.0

0.0 0.0

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax,
accounting or legal advice. Reproduction or distribution of this STR Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR
Global, Ltd. trading as "STR".
World Regions
Americas Asia Pacific Europe Middle East / Africa
Caribbean Central America Central & South Asia Australia & Oceania Eastern Europe Southern Europe Middle East Southern Africa
Anguilla Belize Bangladesh American Samoa Armenia Albania Afghanistan Angola
Antigua & Barbuda Costa Rica Bhutan Australia Azerbaijan Andorra Bahrain Benin
Aruba El Salvador India Cook Islands Belarus Bosnia and Herzegovina Iran Botswana
Bahamas Guatemala Maldives Fiji Bulgaria Croatia Iraq Burundi
Barbados Honduras Nepal French Polynesia Czech Republic Cyprus Jordan Cameroon
Bermuda Nicaragua Pakistan Guam Georgia Gibraltar Kuwait Cape Verde
British Virgin Islands Panama Sri Lanka Kiribati Hungary Greece Lebanon Central African Republic
Cayman Islands Marshall Islands Kazakhstan Italy Oman Comoros
Curacao North America Northeastern Asia Micronesia Kyrgyzstan Israel Qatar Congo (Brazzaville)
Cuba Canada China Nauru Poland Kosovo Saudi Arabia Cote d'Ivoire
Dominica Greenland Japan New Caledonia Moldova Macedonia Syria Democratic Republic of the Congo
Dominican Republic Mexico North Korea New Zealand Romania Malta UAE Equatorial Guinea
Grenada United States South Korea Niue Russia Montenegro Yemen Ethiopia
Guadeloupe Mongolia Northern Mariana Islands Slovakia Portugal Gabon
Haiti South America Taiwan Palau Tajikistan San Marino Northern Africa Gambia
Jamaica Argentina Papua New Guinea Turkmenistan Serbia Algeria Ghana
Martinique Bolivia Southeastern Asia Samoa Ukraine Slovenia Burkina Faso Guinea
Montserrat Brazil Brunei Solomon Islands Uzbekistan Spain Chad Guinea-Bissau
Netherlands Antilles Chile Cambodia Tonga Turkey Djibouti Kenya
Puerto Rico Colombia East Timor Tuvalu Northern Europe Egypt Lesotho
St. Kitts & Nevis Ecuador Indonesia Vanuatu Denmark Western Europe Eritrea Liberia
St. Lucia Falkland Islands Laos Estonia Austria Libya Madagascar
St. Vincent French Guiana Malaysia Faroe Islands Belgium Mali Malawi
Trinidad & Tobago Guyana Myanmar Finland France Morocco Mauritius
Turks & Caicos Paraguay Philippines Iceland Germany Mauritania Mozambique
US Virgin Islands Peru Singapore Ireland Liechtenstein Niger Namibia
Suriname Thailand Latvia Luxembourg Sudan Nigeria
Uruguay Vietnam Lithuania Monaco South Sudan Reunion
Venezuela Norway Netherlands Tunisia Rwanda
Sweden Switzerland Sao Tome and Principe
United Kingdom Senegal
Seychelles
Sierra Leone
Somalia
South Africa
Swaziland
Tanzania
Togo
Uganda
Zambia
Zimbabwe

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax,
accounting or legal advice. Reproduction or distribution of this STR Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR
Global, Ltd. trading as "STR".
Global Performance (Euros) - Standard Data 2019 Comparison
For the Month of: January 2023

January 2023 vs January 2019 Year to Date - January 2023 vs January 2019 Participation
Occ % ADR RevPAR Percent Change from Occ % ADR RevPAR Percent Change from YTD
Properties Rooms
January 2019 2019
2023 2019 2023 2019 2023 2019 Occ. ADR RevPAR 2023 2019 2023 2019 2023 2019 Occ. ADR RevPAR Census Sample Census Sample
Asia Pacific 54.2 65.1 101.65 88.08 55.11 57.35 -16.7 15.4 -3.9 54.2 65.1 101.65 88.08 55.11 57.35 -16.7 15.4 -3.9 53,343 17,314 6,422,649 2,709,528
Central & South Asia 64.4 69.4 139.99 112.46 90.21 78.10 -7.2 24.5 15.5 64.4 69.4 139.99 112.46 90.21 78.10 -7.2 24.5 15.5 6,589 2,145 409,523 203,127
Northeastern Asia 51.1 63.3 81.26 75.09 41.49 47.50 -19.3 8.2 -12.7 51.1 63.3 81.26 75.09 41.49 47.50 -19.3 8.2 -12.7 28,359 10,606 4,390,653 1,832,879
Southeastern Asia 57.2 66.6 116.35 100.68 66.53 67.10 -14.2 15.6 -0.8 57.2 66.6 116.35 100.68 66.53 67.10 -14.2 15.6 -0.8 10,328 2,253 1,211,174 444,167
Australia & Oceania 64.6 71.8 171.35 127.05 110.72 91.17 -10.0 34.9 21.4 64.6 71.8 171.35 127.05 110.72 91.17 -10.0 34.9 21.4 8,067 2,310 411,299 229,355

Americas 53.1 54.5 132.82 109.56 70.54 59.70 -2.5 21.2 18.2 53.1 54.5 132.82 109.56 70.54 59.70 -2.5 21.2 18.2 82,235 42,296 7,319,300 4,996,405
North America 52.8 54.3 131.41 108.48 69.41 58.85 -2.6 21.1 17.9 52.8 54.3 131.41 108.48 69.41 58.85 -2.6 21.1 17.9 72,397 40,277 6,419,889 4,683,530
Caribbean 68.7 68.1 323.93 224.37 222.56 152.77 0.9 44.4 45.7 68.7 68.1 323.93 224.37 222.56 152.77 0.9 44.4 45.7 2,038 282 267,531 64,820
Central America 59.8 57.3 167.71 125.14 100.34 71.76 4.3 34.0 39.8 59.8 57.3 167.71 125.14 100.34 71.76 4.3 34.0 39.8 1,091 172 63,739 25,145
South America 55.6 55.8 95.95 86.51 53.35 48.26 -0.3 10.9 10.6 55.6 55.8 95.95 86.51 53.35 48.26 -0.3 10.9 10.6 6,709 1,565 568,141 222,910

Europe 53.7 57.7 114.31 98.22 61.37 56.64 -6.9 16.4 8.3 53.7 57.7 114.31 98.22 61.37 56.64 -6.9 16.4 8.3 80,593 13,824 5,454,184 1,770,244
Eastern Europe 47.0 48.9 85.37 68.03 40.15 33.28 -3.9 25.5 20.6 47.0 48.9 85.37 68.03 40.15 33.28 -3.9 25.5 20.6 7,050 952 592,616 158,780
Northern Europe 60.8 61.5 105.21 94.83 64.01 58.29 -1.0 10.9 9.8 60.8 61.5 105.21 94.83 64.01 58.29 -1.0 10.9 9.8 19,532 4,892 1,095,704 569,203
Southern Europe 52.7 55.7 117.73 94.77 62.09 52.81 -5.4 24.2 17.6 52.7 55.7 117.73 94.77 62.09 52.81 -5.4 24.2 17.6 24,848 2,718 1,979,078 374,583
Western Europe 49.7 57.8 128.29 110.13 63.75 63.69 -14.1 16.5 0.1 49.7 57.8 128.29 110.13 63.75 63.69 -14.1 16.5 0.1 29,163 5,262 1,786,786 667,678

Middle East / Africa 61.6 61.7 151.30 121.65 93.26 75.00 -0.0 24.4 24.3 61.6 61.7 151.30 121.65 93.26 75.00 -0.0 24.4 24.3 8,164 2,081 1,044,870 458,380
Middle East 67.7 67.4 163.54 131.42 110.78 88.53 0.6 24.4 25.1 67.7 67.4 163.54 131.42 110.78 88.53 0.6 24.4 25.1 3,122 1,190 470,192 299,024
Northern Africa 48.7 54.8 106.03 76.80 51.69 42.11 -11.1 38.1 22.7 48.7 54.8 106.03 76.80 51.69 42.11 -11.1 38.1 22.7 1,709 274 328,554 73,280
Southern Africa 51.4 51.8 131.78 123.55 67.78 63.94 -0.6 6.7 6.0 51.4 51.8 131.78 123.55 67.78 63.94 -0.6 6.7 6.0 3,333 617 246,124 86,076

Markets
Beijing 47.3 69.3 70.15 75.77 33.18 52.51 -31.8 -7.4 -36.8 47.3 69.3 70.15 75.77 33.18 52.51 -31.8 -7.4 -36.8 2,246 767 317,760 112,518
Berlin 49.7 64.1 94.82 81.88 47.17 52.49 -22.4 15.8 -10.1 49.7 64.1 94.82 81.88 47.17 52.49 -22.4 15.8 -10.1 693 277 74,699 52,920
Buenos Aires 58.8 62.6 135.45 104.95 79.67 65.72 -6.1 29.1 21.2 58.8 62.6 135.45 104.95 79.67 65.72 -6.1 29.1 21.2 249 58 21,133 7,964
Dubai 80.5 81.5 196.08 166.07 157.94 135.30 -1.1 18.1 16.7 80.5 81.5 196.08 166.07 157.94 135.30 -1.1 18.1 16.7 693 382 143,580 108,952
Hong Kong 59.6 89.5 123.55 158.33 73.66 141.72 -33.4 -22.0 -48.0 59.6 89.5 123.55 158.33 73.66 141.72 -33.4 -22.0 -48.0 251 129 76,627 50,239
London 65.1 71.8 171.44 149.32 111.56 107.18 -9.3 14.8 4.1 65.1 71.8 171.44 149.32 111.56 107.18 -9.3 14.8 4.1 1,610 766 146,156 113,488
Los Angeles, CA 62.1 70.4 176.18 144.74 109.45 101.96 -11.8 21.7 7.4 62.1 70.4 176.18 144.74 109.45 101.96 -11.8 21.7 7.4 1,327 554 113,880 85,992
Madrid 59.8 64.8 125.12 99.37 74.78 64.39 -7.8 25.9 16.1 59.8 64.8 125.12 99.37 74.78 64.39 -7.8 25.9 16.1 550 243 54,891 34,261
New York 66.2 71.0 181.96 154.68 120.41 109.77 -6.8 17.6 9.7 66.2 71.0 181.96 154.68 120.41 109.77 -6.8 17.6 9.7 747 488 127,044 107,040
Paris 67.4 66.0 295.42 188.14 199.16 124.13 2.2 57.0 60.4 67.4 66.0 295.42 188.14 199.16 124.13 2.2 57.0 60.4 1,456 343 83,971 29,970
Rome 49.7 50.2 146.02 111.31 72.57 55.84 -0.9 31.2 29.9 49.7 50.2 146.02 111.31 72.57 55.84 -0.9 31.2 29.9 571 140 43,114 18,110
Sydney 66.1 80.4 172.74 133.70 114.17 107.44 -17.8 29.2 6.3 66.1 80.4 172.74 133.70 114.17 107.44 -17.8 29.2 6.3 424 266 45,885 39,169
Tokyo 69.0 78.2 141.67 139.70 97.69 109.20 -11.8 1.4 -10.5 69.0 78.2 141.67 139.70 97.69 109.20 -11.8 1.4 -10.5 806 291 156,198 69,549
Toronto 60.5 62.0 133.37 113.91 80.63 70.68 -2.6 17.1 14.1 60.5 62.0 133.37 113.91 80.63 70.68 -2.6 17.1 14.1 197 141 34,357 31,682

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR Report, in
whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Global Performance (British Pounds) - Standard Data 2019 Comparison
For the Month of: January 2023

January 2023 vs January 2019 Year to Date - January 2023 vs January 2019 Participation
Occ % ADR RevPAR Percent Change from Occ % ADR RevPAR Percent Change from YTD
Properties Rooms
January 2019 2019
2023 2019 2023 2019 2023 2019 Occ. ADR RevPAR 2023 2019 2023 2019 2023 2019 Occ. ADR RevPAR Census Sample Census Sample
Asia Pacific 54.2 65.1 89.29 77.14 48.41 50.23 -16.7 15.8 -3.6 54.2 65.1 89.29 77.14 48.41 50.23 -16.7 15.8 -3.6 53,343 17,314 6,422,649 2,709,528
Central & South Asia 64.4 69.4 122.98 98.49 79.24 68.40 -7.2 24.9 15.9 64.4 69.4 122.98 98.49 79.24 68.40 -7.2 24.9 15.9 6,589 2,145 409,523 203,127
Northeastern Asia 51.1 63.3 71.38 65.77 36.45 41.60 -19.3 8.5 -12.4 51.1 63.3 71.38 65.77 36.45 41.60 -19.3 8.5 -12.4 28,359 10,606 4,390,653 1,832,879
Southeastern Asia 57.2 66.6 102.20 88.17 58.44 58.76 -14.2 15.9 -0.5 57.2 66.6 102.20 88.17 58.44 58.76 -14.2 15.9 -0.5 10,328 2,253 1,211,174 444,167
Australia & Oceania 64.6 71.8 150.52 111.27 97.27 79.85 -10.0 35.3 21.8 64.6 71.8 150.52 111.27 97.27 79.85 -10.0 35.3 21.8 8,067 2,310 411,299 229,355

Americas 53.1 54.5 116.67 95.95 61.97 52.28 -2.5 21.6 18.5 53.1 54.5 116.67 95.95 61.97 52.28 -2.5 21.6 18.5 82,235 42,296 7,319,300 4,996,405
North America 52.8 54.3 115.43 95.00 60.97 51.54 -2.6 21.5 18.3 52.8 54.3 115.43 95.00 60.97 51.54 -2.6 21.5 18.3 72,397 40,277 6,419,889 4,683,530
Caribbean 68.7 68.1 284.55 196.50 195.50 133.80 0.9 44.8 46.1 68.7 68.1 284.55 196.50 195.50 133.80 0.9 44.8 46.1 2,038 282 267,531 64,820
Central America 59.8 57.3 147.33 109.60 88.14 62.84 4.3 34.4 40.3 59.8 57.3 147.33 109.60 88.14 62.84 4.3 34.4 40.3 1,091 172 63,739 25,145
South America 55.6 55.8 84.29 75.77 46.87 42.26 -0.3 11.3 10.9 55.6 55.8 84.29 75.77 46.87 42.26 -0.3 11.3 10.9 6,709 1,565 568,141 222,910

Europe 53.7 57.7 100.41 86.02 53.91 49.61 -6.9 16.7 8.7 53.7 57.7 100.41 86.02 53.91 49.61 -6.9 16.7 8.7 80,593 13,824 5,454,184 1,770,244
Eastern Europe 47.0 48.9 74.99 59.58 35.27 29.15 -3.9 25.9 21.0 47.0 48.9 74.99 59.58 35.27 29.15 -3.9 25.9 21.0 7,050 952 592,616 158,780
Northern Europe 60.8 61.5 92.42 83.05 56.23 51.05 -1.0 11.3 10.2 60.8 61.5 92.42 83.05 56.23 51.05 -1.0 11.3 10.2 19,532 4,892 1,095,704 569,203
Southern Europe 52.7 55.7 103.42 83.00 54.54 46.25 -5.4 24.6 17.9 52.7 55.7 103.42 83.00 54.54 46.25 -5.4 24.6 17.9 24,848 2,718 1,979,078 374,583
Western Europe 49.7 57.8 112.69 96.45 56.00 55.78 -14.1 16.8 0.4 49.7 57.8 112.69 96.45 56.00 55.78 -14.1 16.8 0.4 29,163 5,262 1,786,786 667,678

Middle East / Africa 61.6 61.7 132.90 106.54 81.92 65.68 -0.0 24.7 24.7 61.6 61.7 132.90 106.54 81.92 65.68 -0.0 24.7 24.7 8,164 2,081 1,044,870 458,380
Middle East 67.7 67.4 143.66 115.09 97.32 77.53 0.6 24.8 25.5 67.7 67.4 143.66 115.09 97.32 77.53 0.6 24.8 25.5 3,122 1,190 470,192 299,024
Northern Africa 48.7 54.8 93.14 67.26 45.41 36.88 -11.1 38.5 23.1 48.7 54.8 93.14 67.26 45.41 36.88 -11.1 38.5 23.1 1,709 274 328,554 73,280
Southern Africa 51.4 51.8 115.76 108.20 59.54 56.00 -0.6 7.0 6.3 51.4 51.8 115.76 108.20 59.54 56.00 -0.6 7.0 6.3 3,333 617 246,124 86,076

Markets
Beijing 47.3 69.3 61.63 66.36 29.14 45.98 -31.8 -7.1 -36.6 47.3 69.3 61.63 66.36 29.14 45.98 -31.8 -7.1 -36.6 2,246 767 317,760 112,518
Berlin 49.7 64.1 83.29 71.71 41.44 45.97 -22.4 16.2 -9.9 49.7 64.1 83.29 71.71 41.44 45.97 -22.4 16.2 -9.9 693 277 74,699 52,920
Buenos Aires 58.8 62.6 118.98 91.91 69.99 57.55 -6.1 29.5 21.6 58.8 62.6 118.98 91.91 69.99 57.55 -6.1 29.5 21.6 249 58 21,133 7,964
Dubai 80.5 81.5 172.25 145.44 138.74 118.49 -1.1 18.4 17.1 80.5 81.5 172.25 145.44 138.74 118.49 -1.1 18.4 17.1 693 382 143,580 108,952
Hong Kong 59.6 89.5 108.53 138.66 64.70 124.12 -33.4 -21.7 -47.9 59.6 89.5 108.53 138.66 64.70 124.12 -33.4 -21.7 -47.9 251 129 76,627 50,239
London 65.1 71.8 150.60 130.77 97.99 93.87 -9.3 15.2 4.4 65.1 71.8 150.60 130.77 97.99 93.87 -9.3 15.2 4.4 1,610 766 146,156 113,488
Los Angeles, CA 62.1 70.4 154.76 126.76 96.15 89.29 -11.8 22.1 7.7 62.1 70.4 154.76 126.76 96.15 89.29 -11.8 22.1 7.7 1,327 554 113,880 85,992
Madrid 59.8 64.8 109.91 87.03 65.69 56.39 -7.8 26.3 16.5 59.8 64.8 109.91 87.03 65.69 56.39 -7.8 26.3 16.5 550 243 54,891 34,261
New York 66.2 71.0 159.84 135.47 105.77 96.14 -6.8 18.0 10.0 66.2 71.0 159.84 135.47 105.77 96.14 -6.8 18.0 10.0 747 488 127,044 107,040
Paris 67.4 66.0 259.51 164.76 174.95 108.71 2.2 57.5 60.9 67.4 66.0 259.51 164.76 174.95 108.71 2.2 57.5 60.9 1,456 343 83,971 29,970
Rome 49.7 50.2 128.27 97.48 63.75 48.91 -0.9 31.6 30.3 49.7 50.2 128.27 97.48 63.75 48.91 -0.9 31.6 30.3 571 140 43,114 18,110
Sydney 66.1 80.4 151.74 117.09 100.29 94.10 -17.8 29.6 6.6 66.1 80.4 151.74 117.09 100.29 94.10 -17.8 29.6 6.6 424 266 45,885 39,169
Tokyo 69.0 78.2 124.45 122.35 85.82 95.63 -11.8 1.7 -10.3 69.0 78.2 124.45 122.35 85.82 95.63 -11.8 1.7 -10.3 806 291 156,198 69,549
Toronto 60.5 62.0 117.16 99.76 70.83 61.90 -2.6 17.4 14.4 60.5 62.0 117.16 99.76 70.83 61.90 -2.6 17.4 14.4 197 141 34,357 31,682

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR Report, in
whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Global Performance (US Dollars) - Standard Data 2019 Comparison
For the Month of: January 2023

January 2023 vs January 2019 Year to Date - January 2023 vs January 2019 Participation
Occ % ADR RevPAR Percent Change from Occ % ADR RevPAR Percent Change from YTD
Properties Rooms
January 2019 2019
2023 2019 2023 2019 2023 2019 Occ. ADR RevPAR 2023 2019 2023 2019 2023 2019 Occ. ADR RevPAR Census Sample Census Sample
Asia Pacific 54.2 65.1 110.30 101.18 59.80 65.89 -16.7 9.0 -9.2 54.2 65.1 110.30 101.18 59.80 65.89 -16.7 9.0 -9.2 53,343 17,314 6,422,649 2,709,528
Central & South Asia 64.4 69.4 151.90 129.18 97.88 89.72 -7.2 17.6 9.1 64.4 69.4 151.90 129.18 97.88 89.72 -7.2 17.6 9.1 6,589 2,145 409,523 203,127
Northeastern Asia 51.1 63.3 88.17 86.27 45.02 54.57 -19.3 2.2 -17.5 51.1 63.3 88.17 86.27 45.02 54.57 -19.3 2.2 -17.5 28,359 10,606 4,390,653 1,832,879
Southeastern Asia 57.2 66.6 126.25 115.65 72.19 77.08 -14.2 9.2 -6.3 57.2 66.6 126.25 115.65 72.19 77.08 -14.2 9.2 -6.3 10,328 2,253 1,211,174 444,167
Australia & Oceania 64.6 71.8 185.93 145.95 120.14 104.74 -10.0 27.4 14.7 64.6 71.8 185.93 145.95 120.14 104.74 -10.0 27.4 14.7 8,067 2,310 411,299 229,355

Americas 53.1 54.5 144.12 125.86 76.54 68.58 -2.5 14.5 11.6 53.1 54.5 144.12 125.86 76.54 68.58 -2.5 14.5 11.6 82,235 42,296 7,319,300 4,996,405
North America 52.8 54.3 142.59 124.61 75.31 67.61 -2.6 14.4 11.4 52.8 54.3 142.59 124.61 75.31 67.61 -2.6 14.4 11.4 72,397 40,277 6,419,889 4,683,530
Caribbean 68.7 68.1 351.48 257.75 241.49 175.50 0.9 36.4 37.6 68.7 68.1 351.48 257.75 241.49 175.50 0.9 36.4 37.6 2,038 282 267,531 64,820
Central America 59.8 57.3 181.98 143.76 108.87 82.43 4.3 26.6 32.1 59.8 57.3 181.98 143.76 108.87 82.43 4.3 26.6 32.1 1,091 172 63,739 25,145
South America 55.6 55.8 104.12 99.38 57.89 55.43 -0.3 4.8 4.4 55.6 55.8 104.12 99.38 57.89 55.43 -0.3 4.8 4.4 6,709 1,565 568,141 222,910

Europe 53.7 57.7 124.03 112.83 66.59 65.07 -6.9 9.9 2.3 53.7 57.7 124.03 112.83 66.59 65.07 -6.9 9.9 2.3 80,593 13,824 5,454,184 1,770,244
Eastern Europe 47.0 48.9 92.63 78.15 43.57 38.23 -3.9 18.5 14.0 47.0 48.9 92.63 78.15 43.57 38.23 -3.9 18.5 14.0 7,050 952 592,616 158,780
Northern Europe 60.8 61.5 114.16 108.94 69.46 66.96 -1.0 4.8 3.7 60.8 61.5 114.16 108.94 69.46 66.96 -1.0 4.8 3.7 19,532 4,892 1,095,704 569,203
Southern Europe 52.7 55.7 127.75 108.87 67.37 60.67 -5.4 17.3 11.0 52.7 55.7 127.75 108.87 67.37 60.67 -5.4 17.3 11.0 24,848 2,718 1,979,078 374,583
Western Europe 49.7 57.8 139.20 126.52 69.17 73.16 -14.1 10.0 -5.5 49.7 57.8 139.20 126.52 69.17 73.16 -14.1 10.0 -5.5 29,163 5,262 1,786,786 667,678

Middle East / Africa 61.6 61.7 164.17 139.75 101.19 86.16 -0.0 17.5 17.5 61.6 61.7 164.17 139.75 101.19 86.16 -0.0 17.5 17.5 8,164 2,081 1,044,870 458,380
Middle East 67.7 67.4 177.46 150.97 120.21 101.70 0.6 17.5 18.2 67.7 67.4 177.46 150.97 120.21 101.70 0.6 17.5 18.2 3,122 1,190 470,192 299,024
Northern Africa 48.7 54.8 115.05 88.23 56.09 48.38 -11.1 30.4 15.9 48.7 54.8 115.05 88.23 56.09 48.38 -11.1 30.4 15.9 1,709 274 328,554 73,280
Southern Africa 51.4 51.8 142.99 141.93 73.55 73.45 -0.6 0.7 0.1 51.4 51.8 142.99 141.93 73.55 73.45 -0.6 0.7 0.1 3,333 617 246,124 86,076

Markets
Beijing 47.3 69.3 76.12 87.04 36.00 60.32 -31.8 -12.5 -40.3 47.3 69.3 76.12 87.04 36.00 60.32 -31.8 -12.5 -40.3 2,246 767 317,760 112,518
Berlin 49.7 64.1 102.89 94.07 51.19 60.30 -22.4 9.4 -15.1 49.7 64.1 102.89 94.07 51.19 60.30 -22.4 9.4 -15.1 693 277 74,699 52,920
Buenos Aires 58.8 62.6 146.97 120.56 86.45 75.49 -6.1 21.9 14.5 58.8 62.6 146.97 120.56 86.45 75.49 -6.1 21.9 14.5 249 58 21,133 7,964
Dubai 80.5 81.5 212.77 190.77 171.37 155.43 -1.1 11.5 10.3 80.5 81.5 212.77 190.77 171.37 155.43 -1.1 11.5 10.3 693 382 143,580 108,952
Hong Kong 59.6 89.5 134.06 181.88 79.92 162.81 -33.4 -26.3 -50.9 59.6 89.5 134.06 181.88 79.92 162.81 -33.4 -26.3 -50.9 251 129 76,627 50,239
London 65.1 71.8 186.03 171.54 121.04 123.13 -9.3 8.4 -1.7 65.1 71.8 186.03 171.54 121.04 123.13 -9.3 8.4 -1.7 1,610 766 146,156 113,488
Los Angeles, CA 62.1 70.4 191.16 166.27 118.76 117.13 -11.8 15.0 1.4 62.1 70.4 191.16 166.27 118.76 117.13 -11.8 15.0 1.4 1,327 554 113,880 85,992
Madrid 59.8 64.8 135.77 114.15 81.14 73.96 -7.8 18.9 9.7 59.8 64.8 135.77 114.15 81.14 73.96 -7.8 18.9 9.7 550 243 54,891 34,261
New York 66.2 71.0 197.44 177.69 130.65 126.10 -6.8 11.1 3.6 66.2 71.0 197.44 177.69 130.65 126.10 -6.8 11.1 3.6 747 488 127,044 107,040
Paris 67.4 66.0 320.55 216.12 216.10 142.60 2.2 48.3 51.5 67.4 66.0 320.55 216.12 216.10 142.60 2.2 48.3 51.5 1,456 343 83,971 29,970
Rome 49.7 50.2 158.44 127.86 78.74 64.15 -0.9 23.9 22.7 49.7 50.2 158.44 127.86 78.74 64.15 -0.9 23.9 22.7 571 140 43,114 18,110
Sydney 66.1 80.4 187.44 153.60 123.89 123.43 -17.8 22.0 0.4 66.1 80.4 187.44 153.60 123.89 123.43 -17.8 22.0 0.4 424 266 45,885 39,169
Tokyo 69.0 78.2 153.72 160.48 106.01 125.44 -11.8 -4.2 -15.5 69.0 78.2 153.72 160.48 106.01 125.44 -11.8 -4.2 -15.5 806 291 156,198 69,549
Toronto 60.5 62.0 144.72 130.85 87.49 81.19 -2.6 10.6 7.8 60.5 62.0 144.72 130.85 87.49 81.19 -2.6 10.6 7.8 197 141 34,357 31,682

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR Report, in
whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Country Performance (Local Currency) - Standard Data 2019 Comparison
For the Month of: January 2023

January 2023 vs January 2019 January 2023 Year to Date - January 2023 vs January 2019 Participation
Percent Change from January Exchange Percent Change from YTD
Occ (%) ADR RevPAR Occ (%) ADR RevPAR Properties Rooms
2019 Currency Rate to 2019
Countries 2023 2019 2023 2019 2023 2019 Occ ADR RevPAR ISO Code USD 2023 2019 2023 2019 2023 2019 Occ ADR RevPAR Census Sample Census Sample
Austria 47.4 57.8 122.31 103.34 57.98 59.70 -18.0 18.4 -2.9 EUR 0.9216 47.4 57.8 122.31 103.34 57.98 59.70 -18.0 18.4 -2.9 2,698 240 148,397 36,814
Belgium 51.3 59.4 116.33 101.27 59.63 60.12 -13.7 14.9 -0.8 EUR 0.9216 51.3 59.4 116.33 101.27 59.63 60.12 -13.7 14.9 -0.8 995 200 58,469 26,897
Bulgaria 35.5 46.3 193.49 165.81 68.74 76.83 -23.3 16.7 -10.5 BGN 1.792717 35.5 46.3 193.49 165.81 68.74 76.83 -23.3 16.7 -10.5 566 18 59,965 3,114
Croatia 33.7 22.8 94.11 85.71 31.67 19.52 47.7 9.8 62.2 EUR 0.9216 33.7 22.8 94.11 85.71 31.67 19.52 47.7 9.8 62.2 390 10 47,466 2,283
Czech Republic 43.5 52.0 2031.40 1821.14 883.99 947.42 -16.4 11.5 -6.7 CZK 21.9501 43.5 52.0 2031.40 1821.14 883.99 947.42 -16.4 11.5 -6.7 1,005 121 61,839 19,065
Estonia 48.0 53.4 78.12 78.92 37.52 42.14 -10.1 -1.0 -11.0 EUR 0.9216 48.0 53.4 78.12 78.92 37.52 42.14 -10.1 -1.0 -11.0 156 14 12,642 2,437
Finland 45.2 54.5 104.50 99.12 47.27 54.04 -17.0 5.4 -12.5 EUR 0.9216 45.2 54.5 104.50 99.12 47.27 54.04 -17.0 5.4 -12.5 609 82 54,041 16,266
France 55.6 56.6 154.17 111.56 85.76 63.14 -1.7 38.2 35.8 EUR 0.9216 55.6 56.6 154.17 111.56 85.76 63.14 -1.7 38.2 35.8 9,530 1,827 579,363 152,915
Germany 46.7 58.9 97.27 97.43 45.41 57.40 -20.8 -0.2 -20.9 EUR 0.9216 46.7 58.9 97.27 97.43 45.41 57.40 -20.8 -0.2 -20.9 11,025 2,086 734,698 334,074
Greece 43.0 44.0 112.39 92.50 48.33 40.74 -2.4 21.5 18.6 EUR 0.9216 43.0 44.0 112.39 92.50 48.33 40.74 -2.4 21.5 18.6 1,798 84 158,182 11,852
Hungary 49.0 55.4 37818.85 21617.29 18517.53 11967.42 -11.6 74.9 54.7 HUF 359.39 49.0 55.4 37818.85 21617.29 18517.53 11967.42 -11.6 74.9 54.7 760 84 49,892 14,052
Ireland 58.8 57.7 133.47 103.22 78.50 59.59 1.9 29.3 31.7 EUR 0.9216 58.8 57.7 133.47 103.22 78.50 59.59 1.9 29.3 31.7 1,137 270 69,842 37,165
Israel 50.1 59.5 832.07 655.08 416.85 390.05 -15.9 27.0 6.9 ILS 3.4601 50.1 59.5 832.07 655.08 416.85 390.05 -15.9 27.0 6.9 437 66 55,223 13,402
Italy 53.1 52.8 132.01 105.47 70.09 55.69 0.5 25.2 25.8 EUR 0.9216 53.1 52.8 132.01 105.47 70.09 55.69 0.5 25.2 25.8 6,990 758 381,132 83,749
Latvia 42.5 49.5 70.44 60.74 29.96 30.08 -14.1 16.0 -0.4 EUR 0.9216 42.5 49.5 70.44 60.74 29.96 30.08 -14.1 16.0 -0.4 142 20 9,982 3,336
Lithuania 51.9 42.6 65.20 56.62 33.85 24.10 22.0 15.2 40.4 EUR 0.9216 51.9 42.6 65.20 56.62 33.85 24.10 22.0 15.2 40.4 168 28 10,259 3,505
Malta 39.2 42.8 103.03 94.78 40.37 40.58 -8.5 8.7 -0.5 EUR 0.9216 39.2 42.8 103.03 94.78 40.37 40.58 -8.5 8.7 -0.5 151 17 19,634 4,263
Netherlands 52.0 58.3 116.45 99.00 60.52 57.73 -10.9 17.6 4.8 EUR 0.9216 52.0 58.3 116.45 99.00 60.52 57.73 -10.9 17.6 4.8 2,156 455 135,314 68,386
Poland 52.7 52.1 333.52 250.03 175.77 130.32 1.1 33.4 34.9 PLN 4.338938 52.7 52.1 333.52 250.03 175.77 130.32 1.1 33.4 34.9 1,177 317 98,672 46,550
Portugal 43.3 44.4 106.72 84.20 46.19 37.36 -2.4 26.8 23.6 EUR 0.9216 43.3 44.4 106.72 84.20 46.19 37.36 -2.4 26.8 23.6 1,679 256 135,242 32,521
Romania 49.2 52.2 397.09 313.68 195.23 163.84 -5.9 26.6 19.2 RON 4.5226 49.2 52.2 397.09 313.68 195.23 163.84 -5.9 26.6 19.2 460 68 32,901 10,108
Russia 48.1 48.6 7043.21 5051.12 3387.11 2454.19 -1.0 39.4 38.0 RUB 69.88 48.1 48.6 7043.21 5051.12 3387.11 2454.19 -1.0 39.4 38.0 1,828 156 183,623 35,114
Slovakia 44.8 47.2 95.76 74.75 42.90 35.31 -5.2 28.1 21.5 EUR 0.9216 44.8 47.2 95.76 74.75 42.90 35.31 -5.2 28.1 21.5 333 27 18,861 3,275
Spain 56.5 61.2 108.34 95.18 61.21 58.25 -7.7 13.8 5.1 EUR 0.9216 56.5 61.2 108.34 95.18 61.21 58.25 -7.7 13.8 5.1 10,201 1,062 773,174 152,148
Switzerland 49.8 54.3 272.67 250.32 135.92 135.92 -8.2 8.9 -0.0 CHF 0.92538 49.8 54.3 272.67 250.32 135.92 135.92 -8.2 8.9 -0.0 2,628 429 121,428 43,869
Turkey 53.1 57.9 2249.53 374.32 1194.06 216.78 -8.3 501.0 450.8 TRY 18.8085 53.1 57.9 2249.53 374.32 1194.06 216.78 -8.3 501.0 450.8 1,995 387 308,852 64,012
United Kingdom 64.0 63.6 91.20 82.03 58.38 52.21 0.6 11.2 11.8 GBP 0.80957 64.0 63.6 91.20 82.03 58.38 52.21 0.6 11.2 11.8 14,620 4,080 682,748 435,466

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR Report, in whole or part, without written
permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Country Performance (Euros) - Standard Data 2019 Comparison
For the Month of: January 2023

January 2023 vs January 2019 Year to Date - January 2023 vs January 2019 Participation
Percent Change from January Percent Change from YTD
Occ (%) ADR RevPAR Occ (%) ADR RevPAR Properties Rooms
2019 2019
2023 2019 2023 2019 2023 2019 Occ ADR RevPAR 2023 2019 2023 2019 2023 2019 Occ ADR RevPAR Census Sample Census Sample
Europe 53.7 57.7 114.31 98.22 61.37 56.64 -6.9 16.4 8.3 53.7 57.7 114.31 98.22 61.37 56.64 -6.9 16.4 8.3 80,593 13,824 5,454,184 1,770,244

Countries
Austria 47.4 57.8 122.31 103.34 57.98 59.70 -18.0 18.4 -2.9 47.4 57.8 122.31 103.34 57.98 59.70 -18.0 18.4 -2.9 2,698 240 148,397 36,814
Belgium 51.3 59.4 116.33 101.27 59.63 60.12 -13.7 14.9 -0.8 51.3 59.4 116.33 101.27 59.63 60.12 -13.7 14.9 -0.8 995 200 58,469 26,897
Bulgaria 35.5 46.3 99.47 85.08 35.34 39.42 -23.3 16.9 -10.4 35.5 46.3 99.47 85.08 35.34 39.42 -23.3 16.9 -10.4 566 18 59,965 3,114
Croatia 33.7 22.8 94.11 85.71 31.67 19.52 47.7 9.8 62.2 33.7 22.8 94.11 85.71 31.67 19.52 47.7 9.8 62.2 390 10 47,466 2,283
Czech Republic 43.5 52.0 85.29 70.71 37.12 36.78 -16.4 20.6 0.9 43.5 52.0 85.29 70.71 37.12 36.78 -16.4 20.6 0.9 1,005 121 61,839 19,065
Estonia 48.0 53.4 78.12 78.92 37.52 42.14 -10.1 -1.0 -11.0 48.0 53.4 78.12 78.92 37.52 42.14 -10.1 -1.0 -11.0 156 14 12,642 2,437
Finland 45.2 54.5 104.50 99.12 47.27 54.04 -17.0 5.4 -12.5 45.2 54.5 104.50 99.12 47.27 54.04 -17.0 5.4 -12.5 609 82 54,041 16,266
France 55.6 56.6 154.17 111.56 85.76 63.14 -1.7 38.2 35.8 55.6 56.6 154.17 111.56 85.76 63.14 -1.7 38.2 35.8 9,530 1,827 579,363 152,915
Germany 46.7 58.9 97.27 97.43 45.41 57.40 -20.8 -0.2 -20.9 46.7 58.9 97.27 97.43 45.41 57.40 -20.8 -0.2 -20.9 11,025 2,086 734,698 334,074
Greece 43.0 44.0 112.39 92.50 48.33 40.74 -2.4 21.5 18.6 43.0 44.0 112.39 92.50 48.33 40.74 -2.4 21.5 18.6 1,798 84 158,182 11,852
Hungary 49.0 55.4 96.98 68.52 47.49 37.93 -11.6 41.5 25.2 49.0 55.4 96.98 68.52 47.49 37.93 -11.6 41.5 25.2 760 84 49,892 14,052
Ireland 58.8 57.7 133.47 103.22 78.50 59.59 1.9 29.3 31.7 58.8 57.7 133.47 103.22 78.50 59.59 1.9 29.3 31.7 1,137 270 69,842 37,165
Israel 50.1 59.5 221.62 155.72 111.03 92.72 -15.9 42.3 19.7 50.1 59.5 221.62 155.72 111.03 92.72 -15.9 42.3 19.7 437 66 55,223 13,402
Italy 53.1 52.8 132.01 105.47 70.09 55.69 0.5 25.2 25.8 53.1 52.8 132.01 105.47 70.09 55.69 0.5 25.2 25.8 6,990 758 381,132 83,749
Latvia 42.5 49.5 70.44 60.74 29.96 30.08 -14.1 16.0 -0.4 42.5 49.5 70.44 60.74 29.96 30.08 -14.1 16.0 -0.4 142 20 9,982 3,336
Lithuania 51.9 42.6 65.20 56.62 33.85 24.10 22.0 15.2 40.4 51.9 42.6 65.20 56.62 33.85 24.10 22.0 15.2 40.4 168 28 10,259 3,505
Malta 39.2 42.8 103.03 94.78 40.37 40.58 -8.5 8.7 -0.5 39.2 42.8 103.03 94.78 40.37 40.58 -8.5 8.7 -0.5 151 17 19,634 4,263
Netherlands 52.0 58.3 116.45 99.00 60.52 57.73 -10.9 17.6 4.8 52.0 58.3 116.45 99.00 60.52 57.73 -10.9 17.6 4.8 2,156 455 135,314 68,386
Poland 52.7 52.1 70.84 58.36 37.33 30.41 1.1 21.4 22.8 52.7 52.1 70.84 58.36 37.33 30.41 1.1 21.4 22.8 1,177 317 98,672 46,550
Portugal 43.3 44.4 106.72 84.20 46.19 37.36 -2.4 26.8 23.6 43.3 44.4 106.72 84.20 46.19 37.36 -2.4 26.8 23.6 1,679 256 135,242 32,521
Romania 49.2 52.2 80.92 66.14 39.78 34.55 -5.9 22.3 15.2 49.2 52.2 80.92 66.14 39.78 34.55 -5.9 22.3 15.2 460 68 32,901 10,108
Russia 48.1 48.6 92.89 67.22 44.67 32.66 -1.0 38.2 36.8 48.1 48.6 92.89 67.22 44.67 32.66 -1.0 38.2 36.8 1,828 156 183,623 35,114
Slovakia 44.8 47.2 95.76 74.75 42.90 35.31 -5.2 28.1 21.5 44.8 47.2 95.76 74.75 42.90 35.31 -5.2 28.1 21.5 333 27 18,861 3,275
Spain 56.5 61.2 108.34 95.18 61.21 58.25 -7.7 13.8 5.1 56.5 61.2 108.34 95.18 61.21 58.25 -7.7 13.8 5.1 10,201 1,062 773,174 152,148
Switzerland 49.8 54.3 271.56 219.33 135.37 119.10 -8.2 23.8 13.7 49.8 54.3 271.56 219.33 135.37 119.10 -8.2 23.8 13.7 2,628 429 121,428 43,869
Turkey 53.1 57.9 110.22 62.33 58.51 36.10 -8.3 76.8 62.1 53.1 57.9 110.22 62.33 58.51 36.10 -8.3 76.8 62.1 1,995 387 308,852 64,012
United Kingdom 64.0 63.6 103.82 93.67 66.46 59.62 0.6 10.8 11.5 64.0 63.6 103.82 93.67 66.46 59.62 0.6 10.8 11.5 14,620 4,080 682,748 435,466

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR
Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Country Performance (British Pounds) - Standard Data 2019 Comparison
For the Month of: January 2023

January 2023 vs January 2019 Year to Date - January 2023 vs January 2019 Participation
Percent Change from January Percent Change from YTD
Occ (%) ADR RevPAR Occ (%) ADR RevPAR Properties Rooms
2019 2019
2023 2019 2023 2019 2023 2019 Occ ADR RevPAR 2023 2019 2023 2019 2023 2019 Occ ADR RevPAR Census Sample Census Sample
Europe 53.7 57.7 100.41 86.02 53.91 49.61 -6.9 16.7 8.7 53.7 57.7 100.41 86.02 53.91 49.61 -6.9 16.7 8.7 80,593 13,824 5,454,184 1,770,244

Countries
Austria 47.4 57.8 107.44 90.50 50.93 52.29 -18.0 18.7 -2.6 47.4 57.8 107.44 90.50 50.93 52.29 -18.0 18.7 -2.6 2,698 240 148,397 36,814
Belgium 51.3 59.4 102.19 88.69 52.38 52.65 -13.7 15.2 -0.5 51.3 59.4 102.19 88.69 52.38 52.65 -13.7 15.2 -0.5 995 200 58,469 26,897
Bulgaria 35.5 46.3 87.38 74.51 31.04 34.53 -23.3 17.3 -10.1 35.5 46.3 87.38 74.51 31.04 34.53 -23.3 17.3 -10.1 566 18 59,965 3,114
Croatia 33.7 22.8 82.67 75.06 27.82 17.10 47.7 10.1 62.7 33.7 22.8 82.67 75.06 27.82 17.10 47.7 10.1 62.7 390 10 47,466 2,283
Czech Republic 43.5 52.0 74.92 61.92 32.60 32.21 -16.4 21.0 1.2 43.5 52.0 74.92 61.92 32.60 32.21 -16.4 21.0 1.2 1,005 121 61,839 19,065
Estonia 48.0 53.4 68.63 69.12 32.96 36.90 -10.1 -0.7 -10.7 48.0 53.4 68.63 69.12 32.96 36.90 -10.1 -0.7 -10.7 156 14 12,642 2,437
Finland 45.2 54.5 91.80 86.80 41.52 47.33 -17.0 5.8 -12.3 45.2 54.5 91.80 86.80 41.52 47.33 -17.0 5.8 -12.3 609 82 54,041 16,266
France 55.6 56.6 135.43 97.70 75.33 55.30 -1.7 38.6 36.2 55.6 56.6 135.43 97.70 75.33 55.30 -1.7 38.6 36.2 9,530 1,827 579,363 152,915
Germany 46.7 58.9 85.45 85.32 39.89 50.27 -20.8 0.1 -20.6 46.7 58.9 85.45 85.32 39.89 50.27 -20.8 0.1 -20.6 11,025 2,086 734,698 334,074
Greece 43.0 44.0 98.72 81.01 42.45 35.68 -2.4 21.9 19.0 43.0 44.0 98.72 81.01 42.45 35.68 -2.4 21.9 19.0 1,798 84 158,182 11,852
Hungary 49.0 55.4 85.19 60.01 41.71 33.22 -11.6 42.0 25.6 49.0 55.4 85.19 60.01 41.71 33.22 -11.6 42.0 25.6 760 84 49,892 14,052
Ireland 58.8 57.7 117.24 90.39 68.95 52.19 1.9 29.7 32.1 58.8 57.7 117.24 90.39 68.95 52.19 1.9 29.7 32.1 1,137 270 69,842 37,165
Israel 50.1 59.5 194.68 136.37 97.53 81.20 -15.9 42.8 20.1 50.1 59.5 194.68 136.37 97.53 81.20 -15.9 42.8 20.1 437 66 55,223 13,402
Italy 53.1 52.8 115.96 92.37 61.57 48.77 0.5 25.5 26.2 53.1 52.8 115.96 92.37 61.57 48.77 0.5 25.5 26.2 6,990 758 381,132 83,749
Latvia 42.5 49.5 61.88 53.20 26.32 26.34 -14.1 16.3 -0.1 42.5 49.5 61.88 53.20 26.32 26.34 -14.1 16.3 -0.1 142 20 9,982 3,336
Lithuania 51.9 42.6 57.27 49.58 29.73 21.11 22.0 15.5 40.9 51.9 42.6 57.27 49.58 29.73 21.11 22.0 15.5 40.9 168 28 10,259 3,505
Malta 39.2 42.8 90.51 83.01 35.46 35.54 -8.5 9.0 -0.2 39.2 42.8 90.51 83.01 35.46 35.54 -8.5 9.0 -0.2 151 17 19,634 4,263
Netherlands 52.0 58.3 102.29 86.70 53.16 50.56 -10.9 18.0 5.1 52.0 58.3 102.29 86.70 53.16 50.56 -10.9 18.0 5.1 2,156 455 135,314 68,386
Poland 52.7 52.1 62.23 51.11 32.80 26.64 1.1 21.8 23.1 52.7 52.1 62.23 51.11 32.80 26.64 1.1 21.8 23.1 1,177 317 98,672 46,550
Portugal 43.3 44.4 93.74 73.74 40.58 32.72 -2.4 27.1 24.0 43.3 44.4 93.74 73.74 40.58 32.72 -2.4 27.1 24.0 1,679 256 135,242 32,521
Romania 49.2 52.2 71.08 57.92 34.95 30.25 -5.9 22.7 15.5 49.2 52.2 71.08 57.92 34.95 30.25 -5.9 22.7 15.5 460 68 32,901 10,108
Russia 48.1 48.6 81.60 58.87 39.24 28.60 -1.0 38.6 37.2 48.1 48.6 81.60 58.87 39.24 28.60 -1.0 38.6 37.2 1,828 156 183,623 35,114
Slovakia 44.8 47.2 84.12 65.46 37.68 30.92 -5.2 28.5 21.9 44.8 47.2 84.12 65.46 37.68 30.92 -5.2 28.5 21.9 333 27 18,861 3,275
Spain 56.5 61.2 95.17 83.36 53.77 51.01 -7.7 14.2 5.4 56.5 61.2 95.17 83.36 53.77 51.01 -7.7 14.2 5.4 10,201 1,062 773,174 152,148
Switzerland 49.8 54.3 238.55 192.08 118.91 104.30 -8.2 24.2 14.0 49.8 54.3 238.55 192.08 118.91 104.30 -8.2 24.2 14.0 2,628 429 121,428 43,869
Turkey 53.1 57.9 96.83 54.59 51.40 31.61 -8.3 77.4 62.6 53.1 57.9 96.83 54.59 51.40 31.61 -8.3 77.4 62.6 1,995 387 308,852 64,012
United Kingdom 64.0 63.6 91.20 82.03 58.38 52.21 0.6 11.2 11.8 64.0 63.6 91.20 82.03 58.38 52.21 0.6 11.2 11.8 14,620 4,080 682,748 435,466

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR
Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Country Performance (US Dollars) - Standard Data 2019 Comparison
For the Month of: January 2023

January 2023 vs January 2019 Year to Date - January 2023 vs January 2019 Participation
Percent Change from January Percent Change from YTD
Occ (%) ADR RevPAR Occ (%) ADR RevPAR Properties Rooms
2019 2019
2023 2019 2023 2019 2023 2019 Occ ADR RevPAR 2023 2019 2023 2019 2023 2019 Occ ADR RevPAR Census Sample Census Sample
Europe 53.7 57.7 124.03 112.83 66.59 65.07 -6.9 9.9 2.3 53.7 57.7 124.03 112.83 66.59 65.07 -6.9 9.9 2.3 80,593 13,824 5,454,184 1,770,244

Countries
Austria 47.4 57.8 132.71 118.71 62.91 68.58 -18.0 11.8 -8.3 47.4 57.8 132.71 118.71 62.91 68.58 -18.0 11.8 -8.3 2,698 240 148,397 36,814
Belgium 51.3 59.4 126.23 116.33 64.70 69.06 -13.7 8.5 -6.3 51.3 59.4 126.23 116.33 64.70 69.06 -13.7 8.5 -6.3 995 200 58,469 26,897
Bulgaria 35.5 46.3 107.93 97.74 38.35 45.29 -23.3 10.4 -15.3 35.5 46.3 107.93 97.74 38.35 45.29 -23.3 10.4 -15.3 566 18 59,965 3,114
Croatia 33.7 22.8 102.11 98.46 34.36 22.43 47.7 3.7 53.2 33.7 22.8 102.11 98.46 34.36 22.43 47.7 3.7 53.2 390 10 47,466 2,283
Czech Republic 43.5 52.0 92.55 81.22 40.27 42.26 -16.4 13.9 -4.7 43.5 52.0 92.55 81.22 40.27 42.26 -16.4 13.9 -4.7 1,005 121 61,839 19,065
Estonia 48.0 53.4 84.77 90.66 40.71 48.41 -10.1 -6.5 -15.9 48.0 53.4 84.77 90.66 40.71 48.41 -10.1 -6.5 -15.9 156 14 12,642 2,437
Finland 45.2 54.5 113.39 113.86 51.29 62.08 -17.0 -0.4 -17.4 45.2 54.5 113.39 113.86 51.29 62.08 -17.0 -0.4 -17.4 609 82 54,041 16,266
France 55.6 56.6 167.28 128.16 93.05 72.54 -1.7 30.5 28.3 55.6 56.6 167.28 128.16 93.05 72.54 -1.7 30.5 28.3 9,530 1,827 579,363 152,915
Germany 46.7 58.9 105.55 111.92 49.27 65.94 -20.8 -5.7 -25.3 46.7 58.9 105.55 111.92 49.27 65.94 -20.8 -5.7 -25.3 11,025 2,086 734,698 334,074
Greece 43.0 44.0 121.95 106.26 52.44 46.80 -2.4 14.8 12.0 43.0 44.0 121.95 106.26 52.44 46.80 -2.4 14.8 12.0 1,798 84 158,182 11,852
Hungary 49.0 55.4 105.23 78.72 51.52 43.58 -11.6 33.7 18.2 49.0 55.4 105.23 78.72 51.52 43.58 -11.6 33.7 18.2 760 84 49,892 14,052
Ireland 58.8 57.7 144.82 118.57 85.17 68.45 1.9 22.1 24.4 58.8 57.7 144.82 118.57 85.17 68.45 1.9 22.1 24.4 1,137 270 69,842 37,165
Israel 50.1 59.5 240.48 178.88 120.47 106.51 -15.9 34.4 13.1 50.1 59.5 240.48 178.88 120.47 106.51 -15.9 34.4 13.1 437 66 55,223 13,402
Italy 53.1 52.8 143.24 121.16 76.05 63.98 0.5 18.2 18.9 53.1 52.8 143.24 121.16 76.05 63.98 0.5 18.2 18.9 6,990 758 381,132 83,749
Latvia 42.5 49.5 76.44 69.78 32.51 34.56 -14.1 9.5 -5.9 42.5 49.5 76.44 69.78 32.51 34.56 -14.1 9.5 -5.9 142 20 9,982 3,336
Lithuania 51.9 42.6 70.74 65.04 36.73 27.69 22.0 8.8 32.7 51.9 42.6 70.74 65.04 36.73 27.69 22.0 8.8 32.7 168 28 10,259 3,505
Malta 39.2 42.8 111.80 108.88 43.81 46.62 -8.5 2.7 -6.0 39.2 42.8 111.80 108.88 43.81 46.62 -8.5 2.7 -6.0 151 17 19,634 4,263
Netherlands 52.0 58.3 126.35 113.73 65.67 66.32 -10.9 11.1 -1.0 52.0 58.3 126.35 113.73 65.67 66.32 -10.9 11.1 -1.0 2,156 455 135,314 68,386
Poland 52.7 52.1 76.87 67.04 40.51 34.94 1.1 14.7 15.9 52.7 52.1 76.87 67.04 40.51 34.94 1.1 14.7 15.9 1,177 317 98,672 46,550
Portugal 43.3 44.4 115.80 96.72 50.12 42.92 -2.4 19.7 16.8 43.3 44.4 115.80 96.72 50.12 42.92 -2.4 19.7 16.8 1,679 256 135,242 32,521
Romania 49.2 52.2 87.80 75.98 43.17 39.68 -5.9 15.6 8.8 49.2 52.2 87.80 75.98 43.17 39.68 -5.9 15.6 8.8 460 68 32,901 10,108
Russia 48.1 48.6 100.79 77.22 48.47 37.52 -1.0 30.5 29.2 48.1 48.6 100.79 77.22 48.47 37.52 -1.0 30.5 29.2 1,828 156 183,623 35,114
Slovakia 44.8 47.2 103.90 85.87 46.55 40.56 -5.2 21.0 14.8 44.8 47.2 103.90 85.87 46.55 40.56 -5.2 21.0 14.8 333 27 18,861 3,275
Spain 56.5 61.2 117.56 109.34 66.41 66.91 -7.7 7.5 -0.7 56.5 61.2 117.56 109.34 66.41 66.91 -7.7 7.5 -0.7 10,201 1,062 773,174 152,148
Switzerland 49.8 54.3 294.66 251.96 146.88 136.81 -8.2 16.9 7.4 49.8 54.3 294.66 251.96 146.88 136.81 -8.2 16.9 7.4 2,628 429 121,428 43,869
Turkey 53.1 57.9 119.60 71.61 63.49 41.47 -8.3 67.0 53.1 53.1 57.9 119.60 71.61 63.49 41.47 -8.3 67.0 53.1 1,995 387 308,852 64,012
United Kingdom 64.0 63.6 112.65 107.61 72.11 68.49 0.6 4.7 5.3 64.0 63.6 112.65 107.61 72.11 68.49 0.6 4.7 5.3 14,620 4,080 682,748 435,466

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR
Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Market Performance (Local Currency) - Standard Data 2019 Comparison
For the Month of: January 2023

January 2023 vs January 2019 January 2023 Year to Date - January 2023 vs January 2019 Participation
Percent Change from January Exchange Percent Change from YTD
Occ (%) ADR RevPAR Occ (%) ADR RevPAR Properties Rooms
2019 Currency Rate to 2019
Markets 2023 2019 2023 2019 2023 2019 Occ ADR RevPAR ISO Code USD 2023 2019 2023 2019 2023 2019 Occ ADR RevPAR Census Sample Census Sample
Amsterdam 53.0 64.5 130.81 110.27 69.30 71.12 -17.9 18.6 -2.6 EUR 0.9216 53.0 64.5 130.81 110.27 69.30 71.12 -17.9 18.6 -2.6 450 202 47,665 37,048
Athens 42.2 44.4 126.86 100.69 53.48 44.71 -5.1 26.0 19.6 EUR 0.9216 42.2 44.4 126.86 100.69 53.48 44.71 -5.1 26.0 19.6 256 50 21,718 8,294
Baku 31.5 45.7 186.80 165.43 58.92 75.55 -30.9 12.9 -22.0 AZN 1.7 31.5 45.7 186.80 165.43 58.92 75.55 -30.9 12.9 -22.0 90 15 8,521 3,620
Barcelona 54.5 60.6 113.76 100.80 62.03 61.07 -10.0 12.9 1.6 EUR 0.9216 54.5 60.6 113.76 100.80 62.03 61.07 -10.0 12.9 1.6 920 224 74,878 29,700
Belgrade 48.0 41.4 12642.42 9592.89 6068.81 3972.67 15.9 31.8 52.8 RSD 107.695 48.0 41.4 12642.42 9592.89 6068.81 3972.67 15.9 31.8 52.8 123 19 7,788 2,692
Berlin 49.7 64.1 94.82 81.88 47.17 52.49 -22.4 15.8 -10.1 EUR 0.9216 49.7 64.1 94.82 81.88 47.17 52.49 -22.4 15.8 -10.1 693 277 74,699 52,920
Bratislava 44.6 46.2 85.01 70.92 37.92 32.76 -3.4 19.9 15.7 EUR 0.9216 44.6 46.2 85.01 70.92 37.92 32.76 -3.4 19.9 15.7 77 22 5,564 2,739
Brussels 51.7 60.6 125.13 110.61 64.66 66.98 -14.7 13.1 -3.5 EUR 0.9216 51.7 60.6 125.13 110.61 64.66 66.98 -14.7 13.1 -3.5 244 95 22,421 15,676
Bucharest 54.0 58.0 438.28 359.22 236.76 208.48 -6.9 22.0 13.6 RON 4.5226 54.0 58.0 438.28 359.22 236.76 208.48 -6.9 22.0 13.6 160 33 11,847 6,161
Budapest 48.1 55.3 39164.70 22324.30 18821.02 12353.15 -13.2 75.4 52.4 HUF 359.39 48.1 55.3 39164.70 22324.30 18821.02 12353.15 -13.2 75.4 52.4 307 77 24,850 12,895
Copenhagen 41.7 63.3 795.15 835.17 331.80 528.32 -34.0 -4.8 -37.2 DKK 6.855 41.7 63.3 795.15 835.17 331.80 528.32 -34.0 -4.8 -37.2 141 45 26,589 10,576
Dublin 64.3 65.8 138.84 114.75 89.26 75.48 -2.3 21.0 18.2 EUR 0.9216 64.3 65.8 138.84 114.75 89.26 75.48 -2.3 21.0 18.2 246 120 26,028 20,847
Edinburgh 61.1 59.9 81.02 66.56 49.52 39.89 2.0 21.7 24.1 GBP 0.80957 61.1 59.9 81.02 66.56 49.52 39.89 2.0 21.7 24.1 237 126 16,641 14,599
Frankfurt Centre 48.3 64.0 117.69 126.61 56.88 81.03 -24.5 -7.0 -29.8 EUR 0.9216 48.3 64.0 117.69 126.61 56.88 81.03 -24.5 -7.0 -29.8 185 91 25,443 18,697
Geneva Area 48.6 61.8 240.42 290.72 116.86 179.65 -21.3 -17.3 -35.0 CHF 0.92538 48.6 61.8 240.42 290.72 116.86 179.65 -21.3 -17.3 -35.0 116 48 10,633 7,058
Helsinki 42.4 60.4 106.34 104.38 45.12 63.09 -29.8 1.9 -28.5 EUR 0.9216 42.4 60.4 106.34 104.38 45.12 63.09 -29.8 1.9 -28.5 113 39 18,366 9,067
Istanbul 60.5 62.4 2774.02 460.27 1678.88 287.28 -3.0 502.7 484.4 TRY 18.8085 60.5 62.4 2774.02 460.27 1678.88 287.28 -3.0 502.7 484.4 592 194 66,166 35,404
Lisbon 46.2 54.7 122.42 101.11 56.52 55.34 -15.7 21.1 2.1 EUR 0.9216 46.2 54.7 122.42 101.11 56.52 55.34 -15.7 21.1 2.1 272 80 25,543 12,137
London 65.1 71.8 150.60 130.77 97.99 93.87 -9.3 15.2 4.4 GBP 0.80957 65.1 71.8 150.60 130.77 97.99 93.87 -9.3 15.2 4.4 1,610 766 146,156 113,488
Madrid 59.8 64.8 125.12 99.37 74.78 64.39 -7.8 25.9 16.1 EUR 0.9216 59.8 64.8 125.12 99.37 74.78 64.39 -7.8 25.9 16.1 550 243 54,891 34,261
Manchester 68.5 66.7 74.94 65.94 51.31 44.01 2.6 13.6 16.6 GBP 0.80957 68.5 66.7 74.94 65.94 51.31 44.01 2.6 13.6 16.6 278 166 26,830 22,621
Milan 57.2 62.5 157.75 124.43 90.28 77.74 -8.4 26.8 16.1 EUR 0.9216 57.2 62.5 157.75 124.43 90.28 77.74 -8.4 26.8 16.1 435 142 35,302 20,057
Moscow 56.0 57.4 6375.45 5263.77 3569.19 3019.12 -2.4 21.1 18.2 RUB 69.88 56.0 57.4 6375.45 5263.77 3569.19 3019.12 -2.4 21.1 18.2 334 48 51,153 13,257
Paris 67.4 66.0 295.42 188.14 199.16 124.13 2.2 57.0 60.4 EUR 0.9216 67.4 66.0 295.42 188.14 199.16 124.13 2.2 57.0 60.4 1,456 343 83,971 29,970
Prague 44.3 53.1 2101.39 1907.75 931.32 1013.89 -16.6 10.2 -8.1 CZK 21.9501 44.3 53.1 2101.39 1907.75 931.32 1013.89 -16.6 10.2 -8.1 510 94 35,447 15,346
Riga 42.5 51.4 70.44 59.95 29.96 30.79 -17.2 17.5 -2.7 EUR 0.9216 42.5 51.4 70.44 59.95 29.96 30.79 -17.2 17.5 -2.7 111 20 8,101 3,336
Rome 49.7 50.2 146.02 111.31 72.57 55.84 -0.9 31.2 29.9 EUR 0.9216 49.7 50.2 146.02 111.31 72.57 55.84 -0.9 31.2 29.9 571 140 43,114 18,110
Saint Petersburg 39.5 39.9 6816.33 4211.92 2693.18 1678.96 -0.9 61.8 60.4 RUB 69.88 39.5 39.9 6816.33 4211.92 2693.18 1678.96 -0.9 61.8 60.4 244 31 24,310 8,102
Sofia 39.1 46.0 183.66 152.98 71.87 70.41 -15.0 20.1 2.1 BGN 1.792717 39.1 46.0 183.66 152.98 71.87 70.41 -15.0 20.1 2.1 127 11 7,859 2,032
Tallinn 48.2 53.4 78.19 78.92 37.71 42.14 -9.7 -0.9 -10.5 EUR 0.9216 48.2 53.4 78.19 78.92 37.71 42.14 -9.7 -0.9 -10.5 77 13 7,844 2,413
Tel Aviv 48.8 62.4 1041.15 793.85 508.55 495.47 -21.7 31.2 2.6 ILS 3.4601 48.8 62.4 1041.15 793.85 508.55 495.47 -21.7 31.2 2.6 105 26 12,075 5,129
Vienna 46.6 56.6 113.78 90.67 52.98 51.35 -17.8 25.5 3.2 EUR 0.9216 46.6 56.6 113.78 90.67 52.98 51.35 -17.8 25.5 3.2 401 144 38,786 26,027
Vilnius 50.1 41.8 65.45 59.08 32.81 24.70 19.9 10.8 32.8 EUR 0.9216 50.1 41.8 65.45 59.08 32.81 24.70 19.9 10.8 32.8 80 23 5,788 2,946
Warsaw 61.4 59.6 369.55 280.66 226.73 167.19 3.0 31.7 35.6 PLN 4.338938 61.4 59.6 369.55 280.66 226.73 167.19 3.0 31.7 35.6 153 75 20,755 15,819
Zurich 58.7 61.0 247.63 228.08 145.29 139.08 -3.8 8.6 4.5 CHF 0.92538 58.7 61.0 247.63 228.08 145.29 139.08 -3.8 8.6 4.5 129 70 9,679 7,214

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR Report, in whole or part, without written
permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Market Performance (Euros) - Standard Data 2019 Comparison
For the Month of: January 2023

January 2023 vs January 2019 Year to Date - January 2023 vs January 2019 Participation
Percent Change from January Percent Change from YTD
Occ (%) ADR RevPAR Occ (%) ADR RevPAR Properties Rooms
2019 2019
2023 2019 2023 2019 2023 2019 Occ ADR RevPAR 2023 2019 2023 2019 2023 2019 Occ ADR RevPAR Census Sample Census Sample
Europe 53.7 57.7 114.31 98.22 61.37 56.64 -6.9 16.4 8.3 53.7 57.7 114.31 98.22 61.37 56.64 -6.9 16.4 8.3 80,593 13,824 5,454,184 1,770,244

Markets
Amsterdam 53.0 64.5 130.81 110.27 69.30 71.12 -17.9 18.6 -2.6 53.0 64.5 130.81 110.27 69.30 71.12 -17.9 18.6 -2.6 450 202 47,665 37,048
Athens 42.2 44.4 126.86 100.69 53.48 44.71 -5.1 26.0 19.6 42.2 44.4 126.86 100.69 53.48 44.71 -5.1 26.0 19.6 256 50 21,718 8,294
Baku 31.5 45.7 101.27 84.96 31.94 38.80 -30.9 19.2 -17.7 31.5 45.7 101.27 84.96 31.94 38.80 -30.9 19.2 -17.7 90 15 8,521 3,620
Barcelona 54.5 60.6 113.76 100.80 62.03 61.07 -10.0 12.9 1.6 54.5 60.6 113.76 100.80 62.03 61.07 -10.0 12.9 1.6 920 224 74,878 29,700
Belgrade 48.0 41.4 108.19 81.07 51.93 33.57 15.9 33.5 54.7 48.0 41.4 108.19 81.07 51.93 33.57 15.9 33.5 54.7 123 19 7,788 2,692
Berlin 49.7 64.1 94.82 81.88 47.17 52.49 -22.4 15.8 -10.1 49.7 64.1 94.82 81.88 47.17 52.49 -22.4 15.8 -10.1 693 277 74,699 52,920
Bratislava 44.6 46.2 85.01 70.92 37.92 32.76 -3.4 19.9 15.7 44.6 46.2 85.01 70.92 37.92 32.76 -3.4 19.9 15.7 77 22 5,564 2,739
Brussels 51.7 60.6 125.13 110.61 64.66 66.98 -14.7 13.1 -3.5 51.7 60.6 125.13 110.61 64.66 66.98 -14.7 13.1 -3.5 244 95 22,421 15,676
Bucharest 54.0 58.0 89.31 75.74 48.25 43.96 -6.9 17.9 9.8 54.0 58.0 89.31 75.74 48.25 43.96 -6.9 17.9 9.8 160 33 11,847 6,161
Budapest 48.1 55.3 100.43 70.76 48.26 39.16 -13.2 41.9 23.3 48.1 55.3 100.43 70.76 48.26 39.16 -13.2 41.9 23.3 307 77 24,850 12,895
Copenhagen 41.7 63.3 106.90 111.86 44.61 70.76 -34.0 -4.4 -37.0 41.7 63.3 106.90 111.86 44.61 70.76 -34.0 -4.4 -37.0 141 45 26,589 10,576
Dublin 64.3 65.8 138.84 114.75 89.26 75.48 -2.3 21.0 18.2 64.3 65.8 138.84 114.75 89.26 75.48 -2.3 21.0 18.2 246 120 26,028 20,847
Edinburgh 61.1 59.9 92.23 76.00 56.38 45.55 2.0 21.4 23.8 61.1 59.9 92.23 76.00 56.38 45.55 2.0 21.4 23.8 237 126 16,641 14,599
Frankfurt Centre 48.3 64.0 117.69 126.61 56.88 81.03 -24.5 -7.0 -29.8 48.3 64.0 117.69 126.61 56.88 81.03 -24.5 -7.0 -29.8 185 91 25,443 18,697
Geneva Area 48.6 61.8 239.44 254.72 116.38 157.41 -21.3 -6.0 -26.1 48.6 61.8 239.44 254.72 116.38 157.41 -21.3 -6.0 -26.1 116 48 10,633 7,058
Helsinki 42.4 60.4 106.34 104.38 45.12 63.09 -29.8 1.9 -28.5 42.4 60.4 106.34 104.38 45.12 63.09 -29.8 1.9 -28.5 113 39 18,366 9,067
Istanbul 60.5 62.4 135.92 76.65 82.26 47.84 -3.0 77.3 72.0 60.5 62.4 135.92 76.65 82.26 47.84 -3.0 77.3 72.0 592 194 66,166 35,404
Lisbon 46.2 54.7 122.42 101.11 56.52 55.34 -15.7 21.1 2.1 46.2 54.7 122.42 101.11 56.52 55.34 -15.7 21.1 2.1 272 80 25,543 12,137
London 65.1 71.8 171.44 149.32 111.56 107.18 -9.3 14.8 4.1 65.1 71.8 171.44 149.32 111.56 107.18 -9.3 14.8 4.1 1,610 766 146,156 113,488
Madrid 59.8 64.8 125.12 99.37 74.78 64.39 -7.8 25.9 16.1 59.8 64.8 125.12 99.37 74.78 64.39 -7.8 25.9 16.1 550 243 54,891 34,261
Manchester 68.5 66.7 85.31 75.30 58.41 50.25 2.6 13.3 16.2 68.5 66.7 85.31 75.30 58.41 50.25 2.6 13.3 16.2 278 166 26,830 22,621
Milan 57.2 62.5 157.75 124.43 90.28 77.74 -8.4 26.8 16.1 57.2 62.5 157.75 124.43 90.28 77.74 -8.4 26.8 16.1 435 142 35,302 20,057
Moscow 56.0 57.4 84.08 70.05 47.07 40.18 -2.4 20.0 17.2 56.0 57.4 84.08 70.05 47.07 40.18 -2.4 20.0 17.2 334 48 51,153 13,257
Paris 67.4 66.0 295.42 188.14 199.16 124.13 2.2 57.0 60.4 67.4 66.0 295.42 188.14 199.16 124.13 2.2 57.0 60.4 1,456 343 83,971 29,970
Prague 44.3 53.1 88.23 74.07 39.10 39.36 -16.6 19.1 -0.7 44.3 53.1 88.23 74.07 39.10 39.36 -16.6 19.1 -0.7 510 94 35,447 15,346
Riga 42.5 51.4 70.44 59.95 29.96 30.79 -17.2 17.5 -2.7 42.5 51.4 70.44 59.95 29.96 30.79 -17.2 17.5 -2.7 111 20 8,101 3,336
Rome 49.7 50.2 146.02 111.31 72.57 55.84 -0.9 31.2 29.9 49.7 50.2 146.02 111.31 72.57 55.84 -0.9 31.2 29.9 571 140 43,114 18,110
Saint Petersburg 39.5 39.9 89.90 56.05 35.52 22.34 -0.9 60.4 59.0 39.5 39.9 89.90 56.05 35.52 22.34 -0.9 60.4 59.0 244 31 24,310 8,102
Sofia 39.1 46.0 94.41 78.50 36.95 36.13 -15.0 20.3 2.3 39.1 46.0 94.41 78.50 36.95 36.13 -15.0 20.3 2.3 127 11 7,859 2,032
Tallinn 48.2 53.4 78.19 78.92 37.71 42.14 -9.7 -0.9 -10.5 48.2 53.4 78.19 78.92 37.71 42.14 -9.7 -0.9 -10.5 77 13 7,844 2,413
Tel Aviv 48.8 62.4 277.31 188.71 135.45 117.78 -21.7 47.0 15.0 48.8 62.4 277.31 188.71 135.45 117.78 -21.7 47.0 15.0 105 26 12,075 5,129
Vienna 46.6 56.6 113.78 90.67 52.98 51.35 -17.8 25.5 3.2 46.6 56.6 113.78 90.67 52.98 51.35 -17.8 25.5 3.2 401 144 38,786 26,027
Vilnius 50.1 41.8 65.45 59.08 32.81 24.70 19.9 10.8 32.8 50.1 41.8 65.45 59.08 32.81 24.70 19.9 10.8 32.8 80 23 5,788 2,946
Warsaw 61.4 59.6 78.49 65.50 48.16 39.02 3.0 19.8 23.4 61.4 59.6 78.49 65.50 48.16 39.02 3.0 19.8 23.4 153 75 20,755 15,819
Zurich 58.7 61.0 246.62 199.84 144.69 121.86 -3.8 23.4 18.7 58.7 61.0 246.62 199.84 144.69 121.86 -3.8 23.4 18.7 129 70 9,679 7,214

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR
Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Market Performance (British Pounds) - Standard Data 2019 Comparison
For the Month of: January 2023

January 2023 vs January 2019 Year to Date - January 2023 vs January 2019 Participation
Percent Change from January Percent Change from YTD
Occ (%) ADR RevPAR Occ (%) ADR RevPAR Properties Rooms
2019 2019
2023 2019 2023 2019 2023 2019 Occ ADR RevPAR 2023 2019 2023 2019 2023 2019 Occ ADR RevPAR Census Sample Census Sample
Europe 53.7 57.7 100.41 86.02 53.91 49.61 -6.9 16.7 8.7 53.7 57.7 100.41 86.02 53.91 49.61 -6.9 16.7 8.7 80,593 13,824 5,454,184 1,770,244

Markets
Amsterdam 53.0 64.5 114.90 96.57 60.88 62.28 -17.9 19.0 -2.3 53.0 64.5 114.90 96.57 60.88 62.28 -17.9 19.0 -2.3 450 202 47,665 37,048
Athens 42.2 44.4 111.44 88.18 46.98 39.15 -5.1 26.4 20.0 42.2 44.4 111.44 88.18 46.98 39.15 -5.1 26.4 20.0 256 50 21,718 8,294
Baku 31.5 45.7 88.96 74.41 28.06 33.98 -30.9 19.6 -17.4 31.5 45.7 88.96 74.41 28.06 33.98 -30.9 19.6 -17.4 90 15 8,521 3,620
Barcelona 54.5 60.6 99.93 88.28 54.49 53.49 -10.0 13.2 1.9 54.5 60.6 99.93 88.28 54.49 53.49 -10.0 13.2 1.9 920 224 74,878 29,700
Belgrade 48.0 41.4 95.04 71.00 45.62 29.40 15.9 33.9 55.2 48.0 41.4 95.04 71.00 45.62 29.40 15.9 33.9 55.2 123 19 7,788 2,692
Berlin 49.7 64.1 83.29 71.71 41.44 45.97 -22.4 16.2 -9.9 49.7 64.1 83.29 71.71 41.44 45.97 -22.4 16.2 -9.9 693 277 74,699 52,920
Bratislava 44.6 46.2 74.67 62.11 33.31 28.69 -3.4 20.2 16.1 44.6 46.2 74.67 62.11 33.31 28.69 -3.4 20.2 16.1 77 22 5,564 2,739
Brussels 51.7 60.6 109.92 96.87 56.80 58.66 -14.7 13.5 -3.2 51.7 60.6 109.92 96.87 56.80 58.66 -14.7 13.5 -3.2 244 95 22,421 15,676
Bucharest 54.0 58.0 78.46 66.33 42.38 38.50 -6.9 18.3 10.1 54.0 58.0 78.46 66.33 42.38 38.50 -6.9 18.3 10.1 160 33 11,847 6,161
Budapest 48.1 55.3 88.22 61.97 42.40 34.29 -13.2 42.4 23.6 48.1 55.3 88.22 61.97 42.40 34.29 -13.2 42.4 23.6 307 77 24,850 12,895
Copenhagen 41.7 63.3 93.91 97.96 39.18 61.97 -34.0 -4.1 -36.8 41.7 63.3 93.91 97.96 39.18 61.97 -34.0 -4.1 -36.8 141 45 26,589 10,576
Dublin 64.3 65.8 121.96 100.49 78.41 66.11 -2.3 21.4 18.6 64.3 65.8 121.96 100.49 78.41 66.11 -2.3 21.4 18.6 246 120 26,028 20,847
Edinburgh 61.1 59.9 81.02 66.56 49.52 39.89 2.0 21.7 24.1 61.1 59.9 81.02 66.56 49.52 39.89 2.0 21.7 24.1 237 126 16,641 14,599
Frankfurt Centre 48.3 64.0 103.38 110.88 49.97 70.97 -24.5 -6.8 -29.6 48.3 64.0 103.38 110.88 49.97 70.97 -24.5 -6.8 -29.6 185 91 25,443 18,697
Geneva Area 48.6 61.8 210.33 223.08 102.23 137.85 -21.3 -5.7 -25.8 48.6 61.8 210.33 223.08 102.23 137.85 -21.3 -5.7 -25.8 116 48 10,633 7,058
Helsinki 42.4 60.4 93.41 91.41 39.64 55.25 -29.8 2.2 -28.3 42.4 60.4 93.41 91.41 39.64 55.25 -29.8 2.2 -28.3 113 39 18,366 9,067
Istanbul 60.5 62.4 119.40 67.13 72.26 41.90 -3.0 77.9 72.5 60.5 62.4 119.40 67.13 72.26 41.90 -3.0 77.9 72.5 592 194 66,166 35,404
Lisbon 46.2 54.7 107.54 88.55 49.65 48.47 -15.7 21.5 2.4 46.2 54.7 107.54 88.55 49.65 48.47 -15.7 21.5 2.4 272 80 25,543 12,137
London 65.1 71.8 150.60 130.77 97.99 93.87 -9.3 15.2 4.4 65.1 71.8 150.60 130.77 97.99 93.87 -9.3 15.2 4.4 1,610 766 146,156 113,488
Madrid 59.8 64.8 109.91 87.03 65.69 56.39 -7.8 26.3 16.5 59.8 64.8 109.91 87.03 65.69 56.39 -7.8 26.3 16.5 550 243 54,891 34,261
Manchester 68.5 66.7 74.94 65.94 51.31 44.01 2.6 13.6 16.6 68.5 66.7 74.94 65.94 51.31 44.01 2.6 13.6 16.6 278 166 26,830 22,621
Milan 57.2 62.5 138.57 108.97 79.31 68.09 -8.4 27.2 16.5 57.2 62.5 138.57 108.97 79.31 68.09 -8.4 27.2 16.5 435 142 35,302 20,057
Moscow 56.0 57.4 73.86 61.35 41.35 35.19 -2.4 20.4 17.5 56.0 57.4 73.86 61.35 41.35 35.19 -2.4 20.4 17.5 334 48 51,153 13,257
Paris 67.4 66.0 259.51 164.76 174.95 108.71 2.2 57.5 60.9 67.4 66.0 259.51 164.76 174.95 108.71 2.2 57.5 60.9 1,456 343 83,971 29,970
Prague 44.3 53.1 77.50 64.87 34.35 34.47 -16.6 19.5 -0.4 44.3 53.1 77.50 64.87 34.35 34.47 -16.6 19.5 -0.4 510 94 35,447 15,346
Riga 42.5 51.4 61.88 52.51 26.32 26.97 -17.2 17.9 -2.4 42.5 51.4 61.88 52.51 26.32 26.97 -17.2 17.9 -2.4 111 20 8,101 3,336
Rome 49.7 50.2 128.27 97.48 63.75 48.91 -0.9 31.6 30.3 49.7 50.2 128.27 97.48 63.75 48.91 -0.9 31.6 30.3 571 140 43,114 18,110
Saint Petersburg 39.5 39.9 78.97 49.09 31.20 19.57 -0.9 60.9 59.5 39.5 39.9 78.97 49.09 31.20 19.57 -0.9 60.9 59.5 244 31 24,310 8,102
Sofia 39.1 46.0 82.94 68.75 32.46 31.64 -15.0 20.6 2.6 39.1 46.0 82.94 68.75 32.46 31.64 -15.0 20.6 2.6 127 11 7,859 2,032
Tallinn 48.2 53.4 68.68 69.12 33.12 36.90 -9.7 -0.6 -10.2 48.2 53.4 68.68 69.12 33.12 36.90 -9.7 -0.6 -10.2 77 13 7,844 2,413
Tel Aviv 48.8 62.4 243.60 165.26 118.99 103.15 -21.7 47.4 15.4 48.8 62.4 243.60 165.26 118.99 103.15 -21.7 47.4 15.4 105 26 12,075 5,129
Vienna 46.6 56.6 99.95 79.41 46.54 44.97 -17.8 25.9 3.5 46.6 56.6 99.95 79.41 46.54 44.97 -17.8 25.9 3.5 401 144 38,786 26,027
Vilnius 50.1 41.8 57.49 51.74 28.82 21.63 19.9 11.1 33.2 50.1 41.8 57.49 51.74 28.82 21.63 19.9 11.1 33.2 80 23 5,788 2,946
Warsaw 61.4 59.6 68.95 57.37 42.30 34.17 3.0 20.2 23.8 61.4 59.6 68.95 57.37 42.30 34.17 3.0 20.2 23.8 153 75 20,755 15,819
Zurich 58.7 61.0 216.64 175.02 127.10 106.72 -3.8 23.8 19.1 58.7 61.0 216.64 175.02 127.10 106.72 -3.8 23.8 19.1 129 70 9,679 7,214

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR
Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Market Performance (US Dollars) - Standard Data 2019 Comparison
For the Month of: January 2023

January 2023 vs January 2019 Year to Date - January 2023 vs January 2019 Participation
Percent Change from January Percent Change from YTD
Occ (%) ADR RevPAR Occ (%) ADR RevPAR Properties Rooms
2019 2019
2023 2019 2023 2019 2023 2019 Occ ADR RevPAR 2023 2019 2023 2019 2023 2019 Occ ADR RevPAR Census Sample Census Sample
Europe 53.7 57.7 124.03 112.83 66.59 65.07 -6.9 9.9 2.3 53.7 57.7 124.03 112.83 66.59 65.07 -6.9 9.9 2.3 80,593 13,824 5,454,184 1,770,244

Markets
Amsterdam 53.0 64.5 141.93 126.67 75.19 81.70 -17.9 12.0 -8.0 53.0 64.5 141.93 126.67 75.19 81.70 -17.9 12.0 -8.0 450 202 47,665 37,048
Athens 42.2 44.4 137.66 115.67 58.03 51.36 -5.1 19.0 13.0 42.2 44.4 137.66 115.67 58.03 51.36 -5.1 19.0 13.0 256 50 21,718 8,294
Baku 31.5 45.7 109.89 97.60 34.66 44.57 -30.9 12.6 -22.2 31.5 45.7 109.89 97.60 34.66 44.57 -30.9 12.6 -22.2 90 15 8,521 3,620
Barcelona 54.5 60.6 123.44 115.79 67.31 70.16 -10.0 6.6 -4.1 54.5 60.6 123.44 115.79 67.31 70.16 -10.0 6.6 -4.1 920 224 74,878 29,700
Belgrade 48.0 41.4 117.39 93.13 56.35 38.57 15.9 26.1 46.1 48.0 41.4 117.39 93.13 56.35 38.57 15.9 26.1 46.1 123 19 7,788 2,692
Berlin 49.7 64.1 102.89 94.07 51.19 60.30 -22.4 9.4 -15.1 49.7 64.1 102.89 94.07 51.19 60.30 -22.4 9.4 -15.1 693 277 74,699 52,920
Bratislava 44.6 46.2 92.24 81.48 41.14 37.64 -3.4 13.2 9.3 44.6 46.2 92.24 81.48 41.14 37.64 -3.4 13.2 9.3 77 22 5,564 2,739
Brussels 51.7 60.6 135.77 127.06 70.16 76.94 -14.7 6.9 -8.8 51.7 60.6 135.77 127.06 70.16 76.94 -14.7 6.9 -8.8 244 95 22,421 15,676
Bucharest 54.0 58.0 96.91 87.01 52.35 50.50 -6.9 11.4 3.7 54.0 58.0 96.91 87.01 52.35 50.50 -6.9 11.4 3.7 160 33 11,847 6,161
Budapest 48.1 55.3 108.98 81.29 52.37 44.98 -13.2 34.1 16.4 48.1 55.3 108.98 81.29 52.37 44.98 -13.2 34.1 16.4 307 77 24,850 12,895
Copenhagen 41.7 63.3 116.00 128.50 48.40 81.29 -34.0 -9.7 -40.5 41.7 63.3 116.00 128.50 48.40 81.29 -34.0 -9.7 -40.5 141 45 26,589 10,576
Dublin 64.3 65.8 150.65 131.82 96.85 86.71 -2.3 14.3 11.7 64.3 65.8 150.65 131.82 96.85 86.71 -2.3 14.3 11.7 246 120 26,028 20,847
Edinburgh 61.1 59.9 100.08 87.31 61.17 52.32 2.0 14.6 16.9 61.1 59.9 100.08 87.31 61.17 52.32 2.0 14.6 16.9 237 126 16,641 14,599
Frankfurt Centre 48.3 64.0 127.70 145.45 61.72 93.09 -24.5 -12.2 -33.7 48.3 64.0 127.70 145.45 61.72 93.09 -24.5 -12.2 -33.7 185 91 25,443 18,697
Geneva Area 48.6 61.8 259.80 292.62 126.28 180.82 -21.3 -11.2 -30.2 48.6 61.8 259.80 292.62 126.28 180.82 -21.3 -11.2 -30.2 116 48 10,633 7,058
Helsinki 42.4 60.4 115.39 119.91 48.96 72.47 -29.8 -3.8 -32.4 42.4 60.4 115.39 119.91 48.96 72.47 -29.8 -3.8 -32.4 113 39 18,366 9,067
Istanbul 60.5 62.4 147.49 88.05 89.26 54.96 -3.0 67.5 62.4 60.5 62.4 147.49 88.05 89.26 54.96 -3.0 67.5 62.4 592 194 66,166 35,404
Lisbon 46.2 54.7 132.84 116.15 61.33 63.57 -15.7 14.4 -3.5 46.2 54.7 132.84 116.15 61.33 63.57 -15.7 14.4 -3.5 272 80 25,543 12,137
London 65.1 71.8 186.03 171.54 121.04 123.13 -9.3 8.4 -1.7 65.1 71.8 186.03 171.54 121.04 123.13 -9.3 8.4 -1.7 1,610 766 146,156 113,488
Madrid 59.8 64.8 135.77 114.15 81.14 73.96 -7.8 18.9 9.7 59.8 64.8 135.77 114.15 81.14 73.96 -7.8 18.9 9.7 550 243 54,891 34,261
Manchester 68.5 66.7 92.57 86.50 63.38 57.73 2.6 7.0 9.8 68.5 66.7 92.57 86.50 63.38 57.73 2.6 7.0 9.8 278 166 26,830 22,621
Milan 57.2 62.5 171.17 142.94 97.96 89.31 -8.4 19.7 9.7 57.2 62.5 171.17 142.94 97.96 89.31 -8.4 19.7 9.7 435 142 35,302 20,057
Moscow 56.0 57.4 91.23 80.47 51.08 46.15 -2.4 13.4 10.7 56.0 57.4 91.23 80.47 51.08 46.15 -2.4 13.4 10.7 334 48 51,153 13,257
Paris 67.4 66.0 320.55 216.12 216.10 142.60 2.2 48.3 51.5 67.4 66.0 320.55 216.12 216.10 142.60 2.2 48.3 51.5 1,456 343 83,971 29,970
Prague 44.3 53.1 95.73 85.09 42.43 45.22 -16.6 12.5 -6.2 44.3 53.1 95.73 85.09 42.43 45.22 -16.6 12.5 -6.2 510 94 35,447 15,346
Riga 42.5 51.4 76.43 68.87 32.51 35.38 -17.2 11.0 -8.1 42.5 51.4 76.43 68.87 32.51 35.38 -17.2 11.0 -8.1 111 20 8,101 3,336
Rome 49.7 50.2 158.44 127.86 78.74 64.15 -0.9 23.9 22.7 49.7 50.2 158.44 127.86 78.74 64.15 -0.9 23.9 22.7 571 140 43,114 18,110
Saint Petersburg 39.5 39.9 97.54 64.39 38.54 25.67 -0.9 51.5 50.2 39.5 39.9 97.54 64.39 38.54 25.67 -0.9 51.5 50.2 244 31 24,310 8,102
Sofia 39.1 46.0 102.45 90.18 40.09 41.51 -15.0 13.6 -3.4 39.1 46.0 102.45 90.18 40.09 41.51 -15.0 13.6 -3.4 127 11 7,859 2,032
Tallinn 48.2 53.4 84.84 90.66 40.91 48.41 -9.7 -6.4 -15.5 48.2 53.4 84.84 90.66 40.91 48.41 -9.7 -6.4 -15.5 77 13 7,844 2,413
Tel Aviv 48.8 62.4 300.90 216.78 146.97 135.30 -21.7 38.8 8.6 48.8 62.4 300.90 216.78 146.97 135.30 -21.7 38.8 8.6 105 26 12,075 5,129
Vienna 46.6 56.6 123.46 104.16 57.49 58.99 -17.8 18.5 -2.5 46.6 56.6 123.46 104.16 57.49 58.99 -17.8 18.5 -2.5 401 144 38,786 26,027
Vilnius 50.1 41.8 71.01 67.87 35.60 28.38 19.9 4.6 25.5 50.1 41.8 71.01 67.87 35.60 28.38 19.9 4.6 25.5 80 23 5,788 2,946
Warsaw 61.4 59.6 85.17 75.25 52.25 44.82 3.0 13.2 16.6 61.4 59.6 85.17 75.25 52.25 44.82 3.0 13.2 16.6 153 75 20,755 15,819
Zurich 58.7 61.0 267.60 229.57 157.00 139.99 -3.8 16.6 12.2 58.7 61.0 267.60 229.57 157.00 139.99 -3.8 16.6 12.2 129 70 9,679 7,214

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax, accounting or legal advice. Reproduction or distribution of this STR
Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR Global, Ltd. trading as "STR".
Market Performance Graphs - Standard Data 2019 Comparison
For the Month of: January 2023

Top 5 Markets: Occupancy Percent Change Bottom 5 Markets: Occupancy Percent Change
YTD January 2023 vs YTD January 2019 YTD January 2023 vs YTD January 2019
Paris 2.2 Berlin -22.4
25.0 0.0
Manchester 2.6 Frankfurt Centre -24.5
Warsaw 3.0 Vilnius Helsinki -29.8
-5.0
Belgrade 15.9 19.9 Baku -30.9
20.0
Vilnius 19.9 Belgrade -10.0 Copenhagen -34.0
15.9
-15.0
15.0
-20.0
10.0 -25.0 Berlin
-22.4 Frankfurt Centre
-30.0 -24.5
Manchester Warsaw
5.0 Paris Helsinki
2.6 3.0 Baku
2.2 -35.0 -29.8
-30.9 Copenhagen
-34.0
0.0 -40.0

Top 5 Markets: RevPAR Percent Change Bottom 5 Markets: RevPAR Percent Change
YTD January 2023 vs YTD January 2019 YTD January 2023 vs YTD January 2019
Vilnius
70.0 25.5 Istanbul Baku -22.2
Belgrade 46.1 62.4 0.0 Geneva Area -30.2
Saint
60.0 Petersburg
50.2
Paris -5.0 Helsinki -32.4
Saint Petersburg
Paris 51.5 51.5 Frankfurt Centre -33.7
Belgrade 50.2
Istanbul 62.4 -10.0 Copenhagen -40.5
50.0 46.1
-15.0
40.0
-20.0
Vilnius
30.0 25.5 -25.0 Baku
-22.2
-30.0
20.0
Geneva Area
-35.0 -30.2 Helsinki
Frankfurt Centre
10.0 -32.4
-40.0 -33.7
Copenhagen
0.0 -45.0 -40.5

2023 © CoStar Group. This STR Report is a publication of STR, LLC and STR Global, Ltd., CoStar Group companies, and is intended solely for use by paid subscribers. The information in the STR Report is provided on an “as is” and “as available” basis and should not be construed as investment, tax,
accounting or legal advice. Reproduction or distribution of this STR Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to this STR Report, please contact us immediately. Source: 2023 STR, LLC / STR
Global, Ltd. trading as "STR".
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