Europe Chain Hotels Market Review | February 2007 | TRI Hospitality Consulting
Moscow hotels enjoyed the strongest growth in sales during the first two months of this year, as measured by revenue per available room. Hotels included in the sample in the Russian capital showed revpar growth of 23.0 per cent during the first two months of 2007 compared to the same months in 2006. This put the city ahead of all nine others in the survey with the next best performer, Paris, showing 15.0 per cent growth.
Moscow hotels enjoyed the strongest growth in sales during the first two months of this year, as measured by revenue per available room.
Hotels included in the sample in the Russian capital showed revpar growth of 23.0 per cent during the first two months of 2007 compared to the same months in 2006. This put the city ahead of all nine others in the survey with the next best performer, Paris, showing 15.0 per cent growth.
London avoids winter blues
The strongest absolute revpar performance continues to be in London with Eu147.65. This is significantly ahead of Paris at Eu133.67 and the now third-placed Moscow at Eu113.12.
Moscow is the leader when it comes to room rate, however, at Eu199.96, ahead of London on Eu190.65. Most of Moscow's revpar growth was driven by rate, which was up 18.5 per cent. Occupancy grew by 2.1 percentage points.