Amsterdam's hotels were the most profitable in April 2008 of the 10 European cities listed in the monthly Europe HotStats survey from TRI Hospitality.
The Dutch capital achieved an income before fixed charges per available room (IBFCpar) of €105.97. Although occupancy dropped by 3.1%, its hotels remained the third most full in the survey (after Paris and London) and the average room rate was bettered only by Parisian hotels.
London hotels were the second most profitable, with Paris in third place. Although the French capital achieved the highest occupancy, room rate and revenue per available room in the survey, its profitability was undercut by its payroll costs, which were surpassed only by Viennese hotels.
London, on the other hand, had the lowest wage costs as a percentage of turnover except for Warswaw.
Six of the surveyed countries boosted IBFCpar by more than 20%, headed by Hamburg (up 48.7%), Vienna (up 43.8%), Berlin (up 38.7%) and Warsaw (up 34.8%).
A 20.2% fall in room rate slashed profitability in Munich hotels by 11.5% while falls in both occupancy and room rate cut IBFCpar in Prague buy 25.2%.
The figures are compiled each month by Tri Hospitality Consulting.
Annual HotStats hotel performance data
|Payroll %||26.6%||27.1%||-0.5 points|
|Payroll %||32.1%||33.7%||-1.6 points|
|Payroll %||27.9%||29.9%||-2 points|
|Payroll %||28.2%||31.7%||-3.5 points|
|Payroll %||25.5%||27.6%||-2.1 points|
|Payroll %||28.4%||25.6%||+2.8 points|
|Payroll %||37.7%||40.8%||-3 points|
|Payroll %||26.6%||21.9%||+4.7 points|
|Payroll %||39.3%||44.6%||-5.3 points|
|Payroll %||23.4%||25.6%||-2.2 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
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