Chain hotels in Paris achieved the highest occupancy, average room rate and revenue per available room (revpar) during January 2008 of the 10 European cities listed in the monthly Europe HotStats survey from TRI Hospitality.
However, although London hotels came second to Paris in all these performance indicators, they proved the most profitable overall with income before fixed charges per available room (IBFCpar) of €82.07 against the French capital’s €69.46.
The UK benefited from the lowest payroll costs as a percentage of turnover, which averaged 28.4% compared with 40.8% in Paris (the second highest in the survey after Vienna’s 50.5%).
Warsaw’s equally low labour costs (at 28.5% of turnover) put the Polish capital in fourth in the profitability league despite a 20.5% fall in IBFCpar.
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Only hotels in Prague, Vienna and Budapest showed a significant growth in demand, although from a low base.
However, a 123.2% rise in profitability still left Budapest at the bottom of the table with an IBFCpar of €13.30, closely followed by Berlin where profitability dropped by 19.6% to €16.97.
The figures are compiled each month by Tri Hospitality Consulting.
JANUARY 2008
| Amsterdam | 2008 | 2007 | Movement |
| Occupancy | 68.4% | 70.6% | -2.2 points |
| Room rate | €154.49 | €144.06 | +7.2% |
| Revpar | €105.59 | €101.63 | +3.9% |
| Payroll % | 36.5% | 37.3% | -0.8 points |
| IBFCpar | €48.70 | €43.62 | +11.6% |
| Berlin | 2008 | 2007 | Movement |
| Occupancy | 51.2% | 54.1% | -2.9 points |
| Room rate | €128.69 | €122.41 | +5.1% |
| Revpar | €65.93 | €66.22 | -0.4% |
| Payroll % | 42.5% | 38.8% | +3.7 points |
| IBFCpar | €16.97 | €21.11 | -19.6% |
| Budapest | 2008 | 2007 | Movement |
| Occupancy | 51.1% | 42.7% | +8.5 points |
| Room rate | €92.81 | €94.46 | -1.7% |
| Revpar | €47.45 | €40.30 | +17.7% |
| Payroll % | 39.3% | 45.2% | -5.9 points |
| IBFCpar | €13.30 | €5.96 | +123.2% |
| Hamburg | 2008 | 2007 | Movement |
| Occupancy | 54.3% | 53.4% | +0.9 points |
| Room rate | €103.59 | €96.87 | +6.9% |
| Revpar | €56.24 | €51.76 | +8.7% |
| Payroll % | 38.8% | 40.4% | -1.6 points |
| IBFCpar | €20.77 | €15.18 | +36.8% |
| London | 2008 | 2007 | Movement |
| Occupancy | 73.4% | 75.6% | -2.1 points |
| Room rate | €189.93 | €179.35 | +5.9% |
| Revpar | €139.47 | €135.52 | +2.9% |
| Payroll % | 28.4% | 28.7% | -0.2 points |
| IBFCpar | €82.07 | €80.55 | +1.9% |
| Munich | 2008 | 2007 | Movement |
| Occupancy | 61.9% | 64.9% | -3 points |
| Room rate | €115.01 | €116.07 | -0.9% |
| Revpar | €71.19 | €75.34 | -5.5% |
| Payroll % | 36.5% | 34.9% | +1.6 points |
| IBFCpar | €29.61 | €34.21 | -13.4% |
| Paris | 2008 | 2007 | Movement |
| Occupancy | 72.7% | 74.1% | -1.4 points |
| Room rate | €202.68 | €181.95 | +11.4% |
| Revpar | €147.34 | €134.74 | +9.4% |
| Payroll % | 40.8% | 40.8% | 0 points |
| IBFCpar | €69.46 | €64.67 | +7.4% |
| Prague | 2008 | 2007 | Movement |
| Occupancy | 58.1% | 54.6% | +3.5 points |
| Room rate | €95.33 | €99.10 | -3.8% |
| Revpar | €55.34 | €54.09 | +2.3% |
| Payroll % | 33.9% | 32.7% | +1.2 points |
| IBFCpar | €25.80 | €25.75 | +0.2% |
| Vienna | 2008 | 2007 | Movement |
| Occupancy | 58.11% | 53.2% | +4.9 points |
| Room rate | €141.45 | €134.73 | +5% |
| Revpar | €82.15 | €71.70 | +14.6% |
| Payroll % | 50.5% | 53.4% | -2.9 points |
| IBFCpar | €21.74 | €15.01 | +44.8% |
| Warsaw | 2008 | 2007 | Movement |
| Occupancy | 57.4% | 66.7% | -9.3 points |
| Room rate | €98.51 | €96.56 | +2% |
| Revpar | €56.56 | €64.37 | -12.1% |
| Payroll % | 28.5% | 26.9% | +1.7 points |
| IBFCpar | €37.27 | €46.86 | -20.5% |
View the figures for December 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
