European Chain Hotels Market Review - October 2011
London, Paris and Amsterdam Register Revenue and Profit Decline for October
London, Paris and Amsterdam registered a decline in Total Revenue per Available Room (TRevPAR) and Gross Operating Profit per Available Room (GOPPAR) performance for the month of October according to the latest HotStats survey by TRI Hospitality Consulting. "Sluggish European economic growth is beginning to impact on hoteliers. The past two years has seen a relatively robust rate of recovery but it looks likely that trading will worsen in the...
London, Paris and Amsterdam registered a decline in Total Revenue per Available Room (TRevPAR) and Gross Operating Profit per Available Room (GOPPAR) performance for the month of October according to the latest HotStats survey by TRI Hospitality Consulting. "Sluggish European economic growth is beginning to impact on hoteliers. The past two years has seen a relatively robust rate of recovery but it looks likely that trading will worsen in the future, at least for the coming few months" , said Jonathan Langston, managing director, TRI Hospitality Consulting. Whilst historic performance indicates that the three major European markets of London, Paris and Amsterdam have experienced robust Revenue per Available Room (RevPAR), TRevPAR and GOPPAR growth on a year-todate basis, there was a decline in the overall value of demand from the commercial sectors (that is the corporate and conference market) for the month of October.
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