UK hotels hardest hit by European declines
Occupancy and revenue per available room (revpar) in Europe's hotels are still below 2001 levels, according to a report from MKG Consulting.
In the 12 months to the end of June, the UK saw the biggest decline of European markets in room rate and revpar. These fell by 6.9% to £132 and 8.5% to £94.20 respectively. Occupancy fell by 1.2 percentage points to 71.3%.
In France revpar fell by just 3.2% to €47.50 (£29.68), the smallest decline recorded.
Portugal saw the biggest rise in room rates, up by 4.9% to €68.90 (£43.05). The Netherlands showed the smallest decline in occupancy. It fell by 0.7 percentage points to 71.3%.
As a whole, hotels within the EU saw revpar fall by 5.1% in the year to June, with room rates falling by 0.9% and occupancy by 2.9 percentage points.
The downturn was most marked in Europe's mid-range and upmarket hotels. Occupancy in the middle market fell by 3.5 percentage points to 64.1%, while in upmarket properties it fell by 4.1 percentage points to 63.9%.
