Chain hotels in Germany suffered in a comparative dip June - a year on from the football World Cup - while hotels in Moscow and Paris continue to be increasingly profitable, research showed today.
German cities suffered unfavourably to June 2006 with revenue per available room (revpar) down by 26.5% in Berlin, 20.4% in Hamburg and 11.1% in Munich, according to TRI Hospitality Consulting.
The average room rate in Berlin last June was €223.70 (£150.90) but a year after the football rooms now average €145.15 (£97.90).
The World Cup effect aside, Germany’s hotels continued to perform well with improved occupancy rates. During April, Munich had the strongest increase in revpar thanks to trade fairs in the area.
Paris and Moscow’s chain hotels continued to show the strongest gains. Parisian revpar was up by 35.1% to €242.48 (£163.50) while Moscow remains the most profitable city to run a hotel with revapr increase of 28.5% to €182.36 (£123).
Moscow’s relatively lower costs made the city more profitable than Paris, despite Paris leading the revpar charts.
Industry data: TRI HotStats - monthly European hotel figures >>
Munich’s hotels motor ahead after strong month >>
By Christopher Walton
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