European Chain Hotels Market Review – September 2008

Profit falls furthest in Paris Profit and occupancy fell in most key European hotel city markets during September, according to the latest HotStats from TRI Hospitality Consulting. Average occupancy was down in all of the ten cities surveyed, and only Hamburg reported a year-on-year increase in profit. Income before fixed charges (IBFC) - also known as gross operating profit - fell the furthest in the French capital, down by 31.