The Berlinale film festival brought Berlin the biggest boost to average room rate during February 2008 of the 10 European cities listed in the monthly Europe HotStats survey from TRI Hospitality.
The 11-day festival – which attracted 20,000 visitors – helped the German city to increase rates by 14% to €164.44, the third highest after Paris and London.
This allowed Berlin to increase IBFCpar (income before fixed charges per available room) by 31.7% to be the fourth most profitable city in the table, despite a small dip in occupancy.
Hotels in Paris achieved the highest average room rate and revenue per available room (at €204.48 and €152.78 respectively) and the second highest occupancy after London.
But their high payroll costs of 43.3% of turnover (second only to Vienna’s 52.9%) meant the UK capital snatched the top slot for profitability.
London hotels (whose payroll costs of 27.2% are the lowest in the survey) generated one-third more profit per bedroom than their French counterparts, with an IBFCpar of €95.13 compared to Paris’ €62.05.
The biggest increase in profitability was seen in Budapest, where IBFCpar soared by 171.4%, albeit from a low base.
The city’s hotels, which have the lowest occupancy levels and the third-highest payroll costs, increased IBFCpar to €6.84, up from €2.52 in February 2006.
The figures are compiled each month by Tri Hospitality Consulting.
FEBRUARY 2008
| Amsterdam |
2008 |
2007 |
Movement |
| Occupancy |
72.4% |
79.4% |
-7 points |
| Room rate |
€158.25 |
€149.54 |
+5.8% |
| Revpar |
€114.51 |
€118.68 |
-3.5% |
| Payroll % |
35.4% |
35.6% |
-0.2 points |
| IBFCpar |
€54.98 |
€56.71 |
-3.1% |
| Berlin |
2008 |
2007 |
Movement |
| Occupancy |
60.7% |
61.2% |
-0.5 points |
| Room rate |
€164.44 |
€144.27 |
+14% |
| Revpar |
€99.75 |
€88.23 |
+13.1% |
| Payroll % |
34.6% |
36.9% |
-2.3 points |
| IBFCpar |
€47.50 |
€36.08 |
+31.7% |
| Budapest |
2008 |
2007 |
Movement |
| Occupancy |
55.6% |
55.5% |
+0.1 points |
| Room rate |
€93.05 |
€87 |
+7% |
| Revpar |
€51.77 |
€48.32 |
+7.1% |
| Payroll % |
41.4% |
47.3% |
-5.9 points |
| IBFCpar |
€6.84 |
€2.52 |
+171.4% |
| Hamburg |
2008 |
2007 |
Movement |
| Occupancy |
65.4% |
65.3% |
+0.1 points |
| Room rate |
€105.55 |
€100.33 |
+5.2% |
| Revpar |
€60.06 |
€65.54 |
+5.4% |
| Payroll % |
34.9% |
35.2% |
-0.3 points |
| IBFCpar |
€31.16 |
€29.99 |
+3.9% |
| London |
2008 |
2007 |
Movement |
| Occupancy |
79.4% |
79.6% |
-0.2 points |
| Room rate |
€182.41 |
€171.44 |
+6.4% |
| Revpar |
€144.80 |
€136.45 |
+6.1% |
| Payroll % |
27.2% |
26.6% |
+0.6 points |
| IBFCpar |
€95.13 |
€89.70 |
+6.1% |
| Munich |
2008 |
2007 |
Movement |
| Occupancy |
67.2% |
71.3% |
-4.1 points |
| Room rate |
€117.38 |
€108.76 |
+7.9% |
| Revpar |
€78.87 |
€77.51 |
+1.8% |
| Payroll % |
34.2% |
36% |
-1.8 points |
| IBFCpar |
€36.79 |
€34.85 |
+5.6% |
| Paris |
2008 |
2007 |
Movement |
| Occupancy |
74.7% |
72.8% |
+1.9 points |
| Room rate |
€204.48 |
€182.08 |
+12.3% |
| Revpar |
€152,78 |
€132.48 |
+15.3% |
| Payroll % |
43.3% |
45.5% |
-2.2 points |
| IBFCpar |
€62.05 |
€48.70 |
+27.4% |
| Prague |
2008 |
2007 |
Movement |
| Occupancy |
59.1% |
56.8% |
+2.2 points |
| Room rate |
€101.74 |
€108.32 |
-6.1% |
| Revpar |
€60.10 |
€61.56 |
-2.4% |
| Payroll % |
33.2% |
31.8% |
+1.4 points |
| IBFCpar |
€29.47 |
€31.09 |
-5.2% |
| Vienna |
2008 |
2007 |
Movement |
| Occupancy |
56.2% |
52% |
+4.2 points |
| Room rate |
€133.80 |
€137.84 |
-2.9% |
| Revpar |
€75.21 |
€71.65 |
+5% |
| Payroll % |
52.9% |
55% |
-2.1 points |
| IBFCpar |
€15.71 |
€11.51 |
+36.5% |
| Warsaw |
2008 |
2007 |
Movement |
| Occupancy |
62.8% |
67.4% |
-4.6 points |
| Room rate |
€102.73 |
€100.10 |
+2.6% |
| Revpar |
€64.49 |
€67.42 |
-4.3% |
| Payroll % |
29% |
29.6% |
-0.6 points |
| IBFCpar |
€37.45 |
€39.49 |
-5.2% |
View the figures for January 2008 >>
View the figures for December 2007 >>
View the figures for December 2006 >>
View the figures for December 2005 >>
Definition of terms
Occupancy is that proportion of the bedrooms available during the period which are occupied during the period.
Room rate is the total bedroom revenue for the period divided by the total bedrooms occupied during the period.
Revpar is the total bedroom revenue for the period divided by the total available rooms during the period
Payroll % is the payroll for all hotels in the sample as a percentage of total revenue
IBFCpar is the Income Before Fixed Charges shown per available room