Hotels survey shows revpar up everywhere

08 March 2001
Hotels survey shows revpar up everywhere

Nearly 70% of major cities monitored by consultant Arthur Andersen recorded increases in hotel room revenues of 10% or more last year.

Every market included in the Hotel Industry Benchmark Survey saw an increase in revenue per available room (revpar). The average increase was 14% and the average revpar was a80 (£50.50).

Contributing to the strong performance was the increase in the number of tourists coming to Europe. Preliminary figures from the World Tourist Organisation show that international arrivals in Europe were up by 6.2% to 403 million visitors in 2000.

Only the UK showed a decline in international arrivals, being down by nearly 2% to 24.9 million visitors as a result of the strong pound.

The star performer among the cities surveyed was Hanover, where revpar increased by nearly 90% thanks to the Expo 2000 exhibition. Despite this, repar in the city was only a83 (£52.40).

Istanbul, recovering from the earthquakes of 1999, recorded the second highest growth, at 45% to a98 (£61.90). It was followed by Prague with 39% growth to a79 (£49.90), Amsterdam with 25% growth to a125 (£78.90), and Florence with 23% growth to a120 (£75.80).

London had the most expensive hotel rooms in Europe, at an average rate of a199 (£125.70). Paris came second with an average rate of a185 (£116.80), and Geneva at a170 (£107.40).

The highest occupancy level was in Amsterdam, at 85.8%, narrowly beating Zurich at 82.7%. London, Lisbon and Barcelona all had occupancies higher than 80%.

by David Shrimpton

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