Revpar for Moscow hotels continues to rise

11 April 2007 by
Revpar for Moscow hotels continues to rise

Revenue growth at Moscow hotels is outstripping that of its established European rivals, according to the latest industry data.

Market analyst TRI Hospitality Consulting's Hotstats report on the European Chain Hotels Market shows Moscow's revenue per available room (revpar) grew by 23% in first two months of 2007.

Jonathan Langston, managing director of TRI, said: "Moscow is continuing the exceptional growth it has shown over recent years. In the absence of any significant supply increases it looks set to continue."

The Russian capital's growth was in marked contrast to other central and eastern European cities, with Vienna, Hamburg, Budapest and Prague all experiencing a fall in revpar.

London retained the top slot in total revpar with €147.65 (£100.22), compared with €133.47 (£90.60) in Paris.

Moscow's total revpar stood at €113.12 (£76.79) in third place.

However, Moscow beat London on room rate at €199.96 (£135.76) compared with €190.65 (£129.41).

London's hoteliers enjoy strong growth >>

European hotstats for January >>

Hotstats monthly European figures, December >>

TRI Hospitality website >>

By Emily Manson

E-mail your comments to Emily Manson here.

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