London hotels achieved the highest revenue per available room in August of the 10 European cities listed in the monthly Europe HotStats survey.

Revpar in London hotels grew by 33.6% to €144.32.

The biggest increase was made in Budapest – historically the weakest city in the survey - where hotels boosted revpar by 43.2% to €84.88. This performance was aided by the move of the Hungarian Grand Prix to the start of August.

Hotels in Paris achieved the highest average room rate, increasing prices by 0.3% to €197.33. London came second with a room rate of €166.44.

The figures are compiled each month by Tri Hospitality Consulting.

Click here to view the figures for July 2006
Click here to view the figures for June 2006

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

AUGUST 2006