Revenue per available room per day (RevPAR) in the period from June 1 to September 31 increased by 234% to UAH 3,041 in Bukovel, by 154% to UAH 695 in Odesa, by 102% to UAH 546 in Kyiv, and by 19% to UAH 1,411 in Lviv, Hotel Matrix project manager Olga Mishchenko told Interfax-Ukraine.
“RevPAR is a result calculated by multiplying the average rate by the occupancy. It is an indicator of commercial efficiency from the operation of the room stock. The summer results are really positive. First of all, we see growth in hotels with a resort and sanatorium focus, especially in the Carpathians. Odesa, thanks to the fact that the sea was finally “opened” in August, was also able to significantly improve its performance,” said Mishchenko.
In June-August 2023, hotel occupancy in Bukovel reached 78% (compared to 50% in the summer of 2022), in Lviv it was 54% (50%), in Odesa – 29% (21%), and in Kyiv – 28% (15%).
ADR (average daily rate) for hotels in Bukovel was UAH 3878 (UAH 1810 in summer 2022), in Lviv – UAH 2598 (UAH 2359), in Odesa – UAH 2383 (UAH 1333), in Kyiv – UAH 1956 (UAH 1854).
Hotel Matrix is a web-based hotel analytics product developed by Ukrainian developers. It was launched in May 2020. Currently, 202 hotels in Ukraine, 18 in Poland and two in Kazakhstan are connected to Hotel Matrix.
