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Hamburg leads hotel revival in Europe

06 June 2006

Hamburg, Germany is leading the recovery of the hotel sector in Europe, according to the latest HotStats survey of 10 cities from Tri Hospitality Consulting.

During the first four months of the year, the city achieved Europe's highest growth in revenue per available room (revpar), up 13.5% to €70.04 (£48.23).

However, the highest revpars of the quarter were found in Rome (€137.62), London (€131.94) and Paris (€127.64).

While all 10 cities bar Munich increased revpar during the four months to April, this was true of just half the sample for the month of April itself.

Amsterdam enjoyed the strongest growth in revpar during April up 14.5% to €137.37.

While Rome achieved the highest level of revpar at €172.13, followed by Paris, which boosted revpar by 11.7% to €146.58.

London came fourth in the revpar table for April, with an average €131.54. This represented a 1.4% drop for the month compared with overall growth of 7.7% in the first quarter.

April's worst performers were Brussels and Munich, which registered revpar falls of 22.8% and 20.6% respectively.

By Angela Frewin

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TagsFinance and Trends
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