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).

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HotStats provides monthly P&L benchmarking and market insight for the global hotel industry, collecting monthly detailed financial data from more than 8,500 hotels worldwide and over 100 different brands and independent hotels. HotStats provides more than 550 different KPIs covering all operating revenues, payroll, expenses, cost of sales and departmental and total hotel profitability.

Jonathan N. Langston
Managing Director
HotStats Limited