TRI Hotstats – monthly European hotel figures
Moscow hotels were the most profitable of the 10 European cities listed in the September Europe HotStats survey.
In the nine months to September 2006, hotels in Moscow achieved an income before fixed costs per available room (IBFCpar) of €136.30, more than a third ahead of the €99.95 reported for the second most profitable city, London.
While Moscow had the worst occupancy in the sample (of 68.5%) and only the fourth best revenue per available room (its €130.06 lagged by a fifth behind London's leading €154.09), it benefited from the second strongest room rate in Europe of €189.96 allied to wages costs that represented just 19% of revenue.
The World Cup helped Berlin and Hamburg achieve the biggest rises in profits in the first nine months (growing by 53.2% and 33.9% respectively) but the football failed to boost Munich, which was the third worst performer in profit growth.
The figures are compiled each month by Tri Hospitality Consulting.
\* The figures for Payroll% and income before fixed costs per available room (IBFCpar) are for the year to date, not just the featured month
SEPTEMBER 2006
| Amsterdam | 2006 | 2005 | Movement |
| Occupancy | 91.4% | 89.8% | +1.6 points |
| Room rate | €186.32 | €180.40 | +3.3% |
| Revpar | €170.31 | €161.97 | +5.1% |
| Payroll% \* | 30.6% | 31.5% | -0.9 points |
| IBFCpar \* | €74.49 | €68.63 | +8.5% |
| Berlin | 2006 | 2005 | Movement |
| Occupancy | 85.3% | 83.8% | +1.5 points |
| Room rate | €148.35 | €142.07 | +4.4 % |
| Revpar | €126.59 | €119.07 | +6.3% |
| Payroll% \* | 30.9% | 34.9% | -4 points |
| IBFCpar \* | €53.73 | €35.07 | +53.2% |
| Budapest | 2006 | 2005 | Movement |
| Occupancy | 82.6% | 91.5% | -8.9 points |
| Room rate | €117.07 | €107.63 | +8.8% |
| Revpar | €96.74 | €98.48 | -1.8% |
| Payroll% \* | 26.8% | 27% | -0.2 points |
| IBFCpar \* | €45 | €41.78 | +7.7% |
| Hamburg | 2006 | 2005 | Movement |
| Occupancy | 83.5% | 83.8% | -0.2 points |
| Room rate | €123.06 | €102.56 | +20% |
| Revpar | €102.81 | €85.94 | +19.6% |
| Payroll% \* | 30.2% | 33.3% | -3.1 points |
| IBFCpar \* | €45.23 | €33.77 | +33.9% |
| London | 2006 | 2005 | Movement |
| Occupancy | 88.7% | 81.5% | +7.1 points |
| Room rate | €199.88 | €179.52 | +11.3% |
| Revpar | €177.24 | €146.39 | +21.1% |
| Payroll% \* | 26.4% | 28.3% | -1.8 points |
| IBFCpar \* | €99.95 | €82.48 | +21.21% |
| Moscow | 2006 | 2005 | Movement |
| Occupancy | 83.9% | 80.5% | +3.4points |
| Room rate | €216.90 | €173.86 | +24.8% |
| Revpar | €181.95 | €139.95 | +30% |
| Payroll% \* | 19% | 20.4% | -1.4 points |
| IBFCpar \* | €136.30 | €117.17 | +16.3% |
| Munich | 2006 | 2005 | Movement |
| Occupancy | 85.7% | 84.3% | +1.4points |
| Room rate | €159.27 | €148.19 | +7.5% |
| Revpar | €136.48 | €124.91 | +9.3% |
| Payroll% \* | 29% | 27.8% | +1.3 points |
| IBFCpar \* | €44.61 | €41.88 | +6.5% |
| Paris | 2006 | 2005 | Movement |
| Occupancy | 85.9% | 87.4% | -1.6 points |
| Room rate | €253.50 | €221.84 | +14.3% |
| Revpar | €217.53 | €193.94 | +12.2% |
| Payroll% \* | 38.3% | 40.9% | -2.6 points |
| IBFCpar \* | €76.22 | €67.40 | +13.1% |
| Prague | 2006 | 2005 | Movement |
| Occupancy | 85.1% | 86% | -0.9 points |
| Room rate | €144.26 | €154.12 | -6.4% |
| Revpar | €122.70 | €132.51 | -7.4% |
| Payroll% \* | 21.7% | 19.5% | +2.3 points |
| IBFCpar \* | €68.05 | €72.09 | -5.6% |
| Vienna | 2006 | 2005 | Movement |
| Occupancy | 84.3% | 85.8% | -1.5 points |
| Room rate | €145.39 | €155.17 | -6.3% |
| Revpar | €122.53 | €133.13 | -8% |
| Payroll% \* | 41.9% | 42.3% | -0.4 points |
| IBFCpar \* | €44.18 | €43.66 | +12% |
Click here to view the figures for August 2006
Click here to view the figures for July 2006
Click here to view the figures for June 2006
Click here to view the figures for May 2006
Click here to view the figures for April 2006
Click here to view the figures for March 2006
Click here to view the figures for February 2006
Click here to view the figures for January 2006
Click here to view the figures for December 2005
Click here to view the figures for November 2005
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
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
