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TRI HotStats: Hotels 2007 Europe – Industry data

05 June 2008 by

Hotels in Moscow were the most profitable of those across 13 countries surveyed last year for the TRI Hotels 2007 Europe report.

They achieved an IBFC% (income before fixed charges as a percentage of total turnover) of 57.5% in 2006.

Prague and London came next in the profitability league, with an IBFC% of 47.7% and 45.7% respectively.

Although Moscow hotels reported the second lowest occupancy figures after Hannover (69.2%, against the German city's 53%), the Russian city benefited from the third highest room rate in the survey after Rome and Paris and the lowest wage costs as a percentage of turnover in the survey.

As a result, Moscow hotels were the only ones to achieve a three-digit IBFC per available room (of €140.56), followed by London in second place with €99.57.

The figures are compiled each year by TRI Hospitality Consulting.

The full 2007 report for hotel performance in Europe and the UK costs £350 (for both surveys) and can be obtained by e-mailing Claire King at TRI.

View the TRI Hotels 2006 Europe report here >>

ABERDEEN20052004Movement
Occupancy78%74.6%+3.3 points
Room rate€95.38€88.45+7.8%
Revpar€74.37€66.02+12.6%
F+B revpar€57€53.91+5.7%
Trevpar€139.04€128.07+8.6%
Payroll%27.9%28.4%-0.5 points
IBFCpar€53.44€49.18+8.7%
IBFC%38.4% 38.4%0 points
AMSTERDAM20052004Movement
Occupancy82.3%79.9%+2.3 points
Room rate€168.01€158.36+6.1%
Revpar€138.20€126.57+9.2%
F+B revpar€48.43€45.52+6.4%
Trevpar€197.48€183.13+7.8%
Payroll%31.3%32.1%-0.9 points
IBFCpar€78.27€73.05+7.1%
IBFC%39.6%39.9%-0.3 points
BRUSSELS20052004Movement
Occupancy70.6%71.1%-0.5 points
Room rate€115.73€111.58+3.7%
Revpar€81.71€79.34+3%
F+B revpar€42.68€42.48+0.5%
Trevpar€131.63€128.85+2.2%
Payroll%43.7%43.2%+0.5 points
IBFCpar€31.49€32.77-3.9%
IBFC%23.9%25.4%-1.5 points
BUDAPEST20052004Movement
Occupancy70.6%72.9%-2.2 points
Room rate€111.13€98.08+13.3%
Revpar€78.58€71.50+9.9%
F+B revpar€36.21€33.99+6.5%
Trevpar€123.38€113.32+8.9%
Payroll%26.5%26.6%-0.1 points
IBFCpar€46.57€43.35+7.4%
IBFC%37.7%38.3%-0.5 points
HANNOVER20052004Movement
Occupancy53%50.1%+2.9 points
Room rate€96.69€95.50+1.2%
Revpar€51.22€47.82+7.1%
F+B revpar€30.83€29.88+3.2%
Trevpar€86.09€80.91+6.4%
Payroll%32.5%34%-1.5 points
IBFCpar€29.09€25.88+12.4%
IBFC%33.8%32%+1.8 points
LIVERPOOL20052004Movement
Occupancy76.9%75.9%+1 point
Room rate€109.09€99.49+9.7%
Revpar€83.92€75.53+11.1%
F+B revpar€44.84€45.97-2.5%
Trevpar€135€126.87+6.4%
Payroll%28.1%29.1%+1 point
IBFCpar€48.7€44.83+8.7%
IBFC%36.1%35.3%+0.8 points
LONDON20052004Movement
Occupancy83.9%77%+6.9%
Room rate€177.28€161.76+9.6%
Revpar€148.81€124.56+19.5%
F+B revpar€58.91€54.04+9%
Trevpar€218.12€187.98+16%
Payroll%25%26.6%-1.7 points
IBFCpar€99.57€81.04+22.9%
IBFC%45.7%43.1%+2.5 points
MOSCOW20052004Movement
Occupancy69.2%69.5%-0.3 points
Room rate€188.95€161.05+17.3%
Revpar€130.74€111.88+16.8%
F+B revpar€66.86€60.82+9.9%
Trevpar€244.63€212.20+15.3%
Payroll%18.2%20%-1.8 points
IBFCpar€140.56€116.99+20.1%
IBFC%57.5%55.1%+2.3 %
MUNICH20052004Movement
Occupancy71.3%72.6%-1.4 points
Room rate€114.05€103.53+10.2%
Revpar€81.28€75.21+8.1%
F+B revpar€35.30€35.17+0.4%
Trevpar€122.27€115.77+5.6%
Payroll%29.3%30%-0.6 points
IBFCpar€44.28€39.38+12.5%
IBFC%36.2%34%+2.2 points
PARIS20052004Movement
Occupancy74.9%73.2%+6.7%
Room rate€195.87€183.64+4.7%
Revpar€146.76€134.50+9.1%
F+B revpar€59.58€55.20+7.9%
Trevpar€213.43€196.78+8.5%
Payroll%40.1%40.4%-0.3 points
IBFCpar€68.59€66.58+3 %
IBFC%32.1%33.8%-1.7 points
PRAGUE20052004Movement
Occupancy75.6%76.7%-1.1 points
Room rate€122.70€122.62+0.1%
Revpar€92.79€94.08-1.4%
F+B revpar€37.84€37.56+0.7%
Trevpar€141.09€142.47-1%
Payroll%21.4%19.1%+2.3 points
IBFCpar€67.32€70.94-5.1%
IBFC%47.7%49.8%-2.1 points
ROME20052004Movement
Occupancy76.5%71.7%+4.9 points
Room rate€225.34€215.08+4.8%
Revpar€172.46€154.11+11.9%
F+B revpar€71.64€69.85+2.6%
Trevpar€252.07€233.41+8%
Payroll%33.6%35.1%-1.5 points
IBFCpar€87.32€85.40+2.2%
IBFC%34.6%36.6%-1.9 points
WARSAW20052004Movement
Occupancy69.8%66.5%+3.3 points
Room rate€93.23€88.64+5.2%
Revpar€65.07€58.95+10.4%
F+B revpar€50.11€47.68+5.1%
Trevpar€124.29€115.77+7.4%
Payroll%26.9%27.5%-0.6 points
IBFCpar€42.61€39.15+8.9%
IBFC%34.3%33.8%+0.5 points

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
F+B revpar is the revenue from food and beverage divided by the number of available rooms
Trevpar is the sum total of net revenues from all the operated departments plus rentals and other income per available room
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
IBFC% is the Income Before Fixed Charges as a percentage of total revenue

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