Knowing you might not have time to watch our full webinars, we are pleased to continue our series of COVID-19 webinar summaries. In this latest edition, we talk performance in Belgium.
Occupancy dropped as number of cases increased
Occupancy has been decreasing as the number of COVID-19 cases increased. However, occupancy started to slide prior to 17 March, when a shutdown started in the country.
Belgium: all hotel classes affected by COVID-19
All hotel classes in Belgium have been affected by the COVID-19 pandemic. Midscale and Economy hotels posted the lowest RevPAR level (18€), followed closely by Upper Midscale (23€), Upscale (25€), and Luxury/Upper Upscale (28€).
Brussels: RevPAR drops as number of cases increase
RevPAR has been decreasing as the number of COVID-19 cases increased in Brussels, following a similar trend as occupancy. Further insights are provided in the full webinar recording.
Luxury and Upper Upscale Class Hotels the most affected
Luxury and Upper Upscale Hotels are the most affected classes in Brussels.
An update on Brussel’s business on the books
Powered by Forward STAR data, the below image includes bookings pickups for the next 12 months as of 4 May, and further insights are provided in the full webinar recording. Business-on-the-books intelligence will help us all understand recovery and provide much-needed context. Those insights can be accessed for free when you submit your data. If you are interested, please email sales@str.com.
For further insights into COVID-19’s impact on global hotel performance, visit our content hub.