Double-digit falls in hotel profitability afflicted nine of the 10 European cities monitored in the monthly Europe HotStats survey in January 2009.
Only Hamburg – where occupancy was static rather than falling – saw income before fixed income per available room (IBFCpar) drop by below 20%, experiencing a mere 3.7% fall.
The worst hit cities were Vienna, where IBFCpar dropped by 65%, Prague (-52.1%), Amsterdam (-45.2%) and Budapest (-27.6%).
Prague suffered from the addition of at least 800 branded hotel rooms since January 2008 while Vienna was hit by both the opening of 2,000 new graded bedrooms over the past year combined with its payroll costs soaring to 55.5% of total revenue.
Payroll costs also rose steeply in Amsterdam to account for 43.9% of total sales.
Paris and London emerged as the two most profitable hotel cities in January, with IBFCpar’s of €55.13 and €51.59 respectively.
While both cities reported similar falls in occupancy and profit, London hotels discounted its rates more heavily while payroll costs were 12.9 percentage points higher in the French capital.
The figures are compiled each month by Tri Hospitality Consulting.
Annual HotStats hotel performance data
TRI Hotels 2007 UK >>
TRI HotStats: annual UK hotel figures >>
TRI HotStats: Hotels 2007 Europe >>
JANUARY 2009
| Amsterdam | 2009 | 2008 | Movement |
| Occupancy | 51.7% | 65.5% | -13.8 points |
| Room rate | €150 | €164.65 | -8.9% |
| Revpar | €77.50 | €107.79 | -28.1% |
| Payroll % | 43.9% | 37.4% | +6.5 points |
| IBFCpar | €26.16 | €47.74 | -45.2% |
| Berlin | 2009 | 2008 | Movement |
| Occupancy | 49.1% | 51.2% | -2.1 points |
| Room rate | €126.70 | €128.69 | -1.5% |
| Revpar | €62.25 | €65.93 | -5.6% |
| Payroll % | 41.5% | 42.5% | -1 point |
| IBFCpar | €12.64 | €16.97 | -25.5% |
| Budapest | 2009 | 2008 | Movement |
| Occupancy | 42% | 52.7% | -10.7 points |
| Room rate | €90.59 | €87.17 | +3.9% |
| Revpar | €38.08 | €45.94 | -17.1% |
| Payroll % | 42.4% | 39.1% | +3.3 points |
| IBFCpar | €8.17 | €13.10 | -37.6% |
| Hamburg | 2009 | 2008 | Movement |
| Occupancy | 54.7% | 54.8% | 0 points |
| Room rate | €107.96 | €111.40 | -3.1% |
| Revpar | €59.10 | €61.03 | -3.2% |
| Payroll % | 37.8% | 37.9% | -0.2 points |
| IBFCpar | €20.83 | €21.64 | -3.7% |
| London | 2009 | 2008 | Movement |
| Occupancy | 70% | 73.2% | -3.3 points |
| Room rate | €135.41 | €147.85 | -8.4% |
| Revpar | €94.75 | €108.25 | -12.5% |
| Payroll % | 31.2% | 29.1% | +2.1 points |
| IBFCpar | €51.59 | €65.72 | -21.5% |
| Munich | 2009 | 2008 | Movement |
| Occupancy | 56.7% | 61.9% | -5.2 points |
| Room rate | €113.91 | €115.01 | -1% |
| Revpar | €64.62 | €71.19 | -9.2% |
| Payroll % | 40.4% | 36.5% | +3.9 points |
| IBFCpar | €22.19 | €29.61 | -25.1 |
| Paris | 2009 | 2008 | Movement |
| Occupancy | 69.3% | 72.7% | -3.5 points |
| Room rate | €195.15 | €202.68 | -3.7% |
| Revpar | €135.13 | €147.34 | -8.3% |
| Payroll % | 44.1% | 40.8% | +3.3 points |
| IBFCpar | €55.13 | €69.46 | -20.6% |
| Prague | 2009 | 2008 | Movement |
| Occupancy | 42.4% | 58.1% | -15.7 points |
| Room rate | €107.98 | €112.96 | -4.4% |
| Revpar | €45.75 | €65.60 | -30.3% |
| Payroll % | 36.1% | 30.8% | +5.3 points |
| IBFCpar | €17.38 | €36.28 | -52.1% |
| Vienna | 2009 | 2008 | Movement |
| Occupancy | 50% | 59.4% | -9.4 points |
| Room rate | €148.20 | €158.73 | -6.6% |
| Revpar | €74.12 | €94.24 | -21.3% |
| Payroll % | 55.5% | 47.2% | +8.3 points |
| IBFCpar | €9.80 | €28.02 | -65% |
| Warsaw | 2009 | 2008 | Movement |
| Occupancy | 49% | 57.4% | -8.4 points |
| Room rate | €83.57 | €83.11 | +0.6% |
| Revpar | €40.94 | €47.72 | -14.2% |
| Payroll % | 33.2% | 28.5% | +4.7 points |
| IBFCpar | €21.39 | €31.44 | -32% |
View the figures for December 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