Industry data: TRI HotStats – monthly European hotel figures
Moscow hotels were the most profitable in March 2007 of the 10 European cities listed in the monthly Europe HotStats survey from TRI, despite having the lowest occupancy level after Prague.
Income before fixed income per available room (IBFCpar) averaged €152.44 in Moscow, ahead of London's €122.86.
Although London hotels achieved a higher revenue per available room (€164.16 compared with Moscow's €147.31), the Russian hotels scored in terms of average room rate which soared by 31.1% to €225.44 against the €196.04 achieved in the UK capital.
Moscow also benefits from the lowest payroll costs as a percentage of revenue - just 18.1% against 25.4% in London, which has the third lowest wage costs.
Budapest was the least profitable city for hotels in the survey, with an IBFCpar of just €26.51 during March that was nearly 17% lower than in the same month of 2006.
The figures are compiled each month by Tri Hospitality Consulting.
MARCH 2007
Amsterdam | 2007 | 2006 | Movement |
Occupancy | 83.8% | 80.9% | +2.9 points |
Room rate | €159.09 | €148.33 | +7.3% |
Revpar | €133.30 | €119.93 | +11.1% |
Payroll % | 29.9% | 32% | -2.1 points |
IBFCpar | €79.99 | €67.24 | +19% |
Berlin | 2007 | 2006 | Movement |
Occupancy | 69% | 67.6% | +1.5 points |
Room rate | €156.39 | €140.67 | +11.2% |
Revpar | €107.96 | €95.02 | +13.6% |
Payroll % | 29.7% | 29.4% | +0.3 points |
IBFCpar | €61.44 | €52.71 | +16.6% |
Budapest | 2007 | 2006 | Movement |
Occupancy | 64.2% | 64.5% | -0.3 points |
Room rate | €92.57 | €90.59 | +2.2% |
Revpar | €59.45 | €58.46 | +1.7% |
Payroll % | 34.8% | 30.6% | +4.3 points |
IBFCpar | €26.51 | €31.88 | -16.8% |
Hamburg | 2007 | 2006 | Movement |
Occupancy | 73.7% | 77.4% | -3.8 points |
Room rate | €107.62 | €112.70 | -4.5% |
Revpar | €79.26 | €87.27 | -9.2% |
Payroll % | 28.8% | 28.2% | +0.6 points |
IBFCpar | €45.93 | €52.71 | -12.9% |
London | 2007 | 2006 | Movement |
Occupancy | 83.7% | 84.3% | -0.5 points |
Room rate | €196.04 | €175.96 | +11.4% |
Revpar | €164.16 | €148.31 | +10.7% |
Payroll % | 25.4% | 25.3% | +0.1 points |
IBFCpar | €122.86 | €104.74 | +17.3% |
Moscow | 2007 | 2006 | Movement |
Occupancy | 65.4% | 72% | -6.7 points |
Room rate | €225.44 | €172.02 | +31.1% |
Revpar | €147.31 | €123.90 | +18.9% |
Payroll % | 18.1% | 17.3% | +0.8 points |
IBFCpar | €152.44 | €138.70 | +9.9% |
Munich | 2007 | 2006 | Movement |
Occupancy | 75.1% | 74.9% | +0.1 points |
Room rate | €109.42 | €100.70 | +8.7% |
Revpar | €82.12 | €75.43 | +8.9% |
Payroll % | 30.3% | 30.5% | -0.2 points |
IBFCpar | €47.91 | €36.42 | +31.5% |
Paris | 2007 | 2006 | Movement |
Occupancy | 78.3% | 75.1% | +3.2 points |
Room rate | €187.31 | €183.30 | +2.2% |
Revpar | €146.64 | €137.66 | +6.5% |
Payroll % | 36.9% | 38% | -1.1 points |
IBFCpar | €81.55 | €69.87 | +16.7% |
Prague | 2007 | 2006 | Movement |
Occupancy | 67.2% | 67.7% | -0.5 points |
Room rate | €105.47 | €107.37 | -1.8% |
Revpar | €70.91 | €72.73 | -2.5% |
Payroll % | 24.4% | 25.4% | -1 point |
IBFCpar | €48.28 | €49.76 | -3% |
Vienna | 2007 | 2006 | Movement |
Occupancy | 71.9% | 69.1% | +2.8 points |
Room rate | €149.87 | €146.65 | +2.2% |
Revpar | €107.77 | €101.36 | +6.3% |
Payroll % | 40.7% | 40.4% | +0.2 points |
IBFCpar | €47.82 | €47.01 | +1.7% |