Hotels in Moscow showed the most dramatic growth in profitability in May 2007 of the 10 European cities listed in the monthly Europe HotStats survey from TRI Hospitality Consulting.
They boosted revenue per available room by 45.1% and average room rate by 37.4% to €250.62 – the highest in the survey.
However, occupancy in Moscow hotels (at 68.1%) were the lowest reported in May 2007 and this helped London hotels top the revpar table with an achieved €170.97, compared to €170.73 in Moscow
Moscow’s ability to push up room rate may come under pressure over the next three years as 18 new hotels with an estimated 6,000 bedrooms are due to come on-stream, predominantly in the upmarket sector.
Hotels in Paris, Amsterdam and Vienna (which achieved the second highest revpar increase, of 16.5%) were the strongest revpar performers after London and Moscow.
The lowest revpars were found in Germany (Munich, Hamburg and Berlin) and the East European cities of Budapest and Prague.
The figures are compiled each month by Tri Hospitality Consulting.
MAY 2007
| Amsterdam |
2007 |
2006 |
Movement |
| Occupancy |
84.7% |
86.9% |
-2.2 points |
| Room rate |
€179.10 |
€173.69 |
+3.1% |
| Revpar |
€151.77 |
€150.98 |
+0.5% |
| Berlin |
2007 |
2006 |
Movement |
| Occupancy |
76.5% |
79.3% |
-2.8 points |
| Room rate |
€149.44 |
€142.35 |
+5% |
| Revpar |
€114.29 |
€112.89 |
+1.2% |
| Budapest |
2007 |
2006 |
Movement |
| Occupancy |
77.4% |
83.6% |
-6.2 points |
| Room rate |
€116.33 |
€121.62 |
-4.3% |
| Revpar |
€90.05 |
€101.66 |
-11.4% |
| Hamburg |
2007 |
2006 |
Movement |
| Occupancy |
74.9% |
82.5% |
-7.6 points |
| Room rate |
€115.18 |
€108.22 |
+6.4% |
| Revpar |
€86.28 |
€89.22 |
-3.3% |
| London |
2007 |
2006 |
Movement |
| Occupancy |
83.6% |
86.4% |
-2.7 points |
| Room rate |
€204.43 |
€186.12 |
+9.8% |
| Revpar |
€170.97 |
€160.73 |
+6.4% |
| Moscow |
2007 |
2006 |
Movement |
| Occupancy |
68.1% |
64.5% |
+3.6 points |
| Room rate |
€250.62 |
€182.39 |
+37.4% |
| Revpar |
€170.73 |
€117.63 |
+45.1% |
| Munich |
2007 |
2006 |
Movement |
| Occupancy |
77.1% |
81.5% |
-4.4 points |
| Room rate |
€110.40 |
€104.22 |
+5.9% |
| Revpar |
€85.13 |
€84.98 |
+0.2% |
| Paris |
2007 |
2006 |
Movement |
| Occupancy |
81.5% |
77.4% |
+4.1 points |
| Room rate |
€207.68 |
€206.54 |
+0.6% |
| Revpar |
€169.17 |
€159.83 |
+5.8% |
| Prague |
2007 |
2006 |
Movement |
| Occupancy |
81.1% |
81.8% |
-0.8 points |
| Room rate |
€150.09 |
€154.97 |
-3.1% |
| Revpar |
€121.66 |
€126.81 |
-4.1% |
| Vienna |
2007 |
2006 |
Movement |
| Occupancy |
84% |
83.8% |
+0.2 points |
| Room rate |
€172.17 |
€148.04 |
+16.3% |
| Revpar |
€144.54 |
€124.05 |
+16.5% |
View the figures for April 2007 here >>
View the figures for March 2007 here >>
View the figures for February 2007 here >>
View the figures for January 2007 here >>
View the figures for December 2006 here >>
View the figures for December 2005 here >>
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