Five of the ten European cities for which we present data this month registered Gross Operating Profit per Available Room (GOPPAR) growth in December according to the latest HotStats survey by TRI Hospitality Consulting. Berlin, Prague, Warsaw and Paris experienced double digit growth in December, with Berlin registering the highest level of GOPPAR growth (+24.5%). The German capital posted a 6.9 percentage point growth in occupancy performance (68%) which compensated for a 2.6% decline in average room rate performance, resulting in an 8.3% Revenue per Available Room (RevPAR) growth to €84.40. In contrast, Frankfurt hotels experienced an 8.6 percentage point reduction in occupancy (47.6%) resulting in a RevPAR and GOPPAR decline of 10% and 49.5%, respectively.

A difficult end to the year has not stopped hoteliers in London recording a second consecutive year of profitability growth, according to the latest HotStats survey of approximately 550 full-service hotels across the UK by TRI Hospitality Consulting.

Budapest, Istanbul and Paris registered strong increases in profit per room for November led by robust yearon-year growth in achieved average room rate, according to the latest HotStats survey by TRI Hospitality Consulting. Despite a 1.5 percentage point decline in room occupancy, hoteliers in Istanbul were able to successfully record a 17.6% increase in achieved average room rate to €193.97. In contrast, in addition to increases in achieved average room rate performance in both Paris (+6.1%) and Budapest (+8.4%), these capital cities also successfully recorded room occupancy increases of 7.7 percentage points and 4.9 percentage points, respectively, which contributed to significant increases in Revenue per Available Room (RevPAR).