HotStats European Chain Hotels Market Review - December 2011
Mixed Profit Results Registered for the month of December
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.
Jonathan N. Langston
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