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TRI HotStats: monthly European hotel figures – Industry data

18 July 2008 by
TRI HotStats: monthly European hotel figures – Industry data

Budapest's hotels saw the biggest increase in profitability in May 2008 of the 10 European cities listed in the monthly Europe HotStats survey from TRI Hospitality.

A key driver behind the Hungarian capital's 34.5% rise in income before fixed charges per available room (IBFCpar) was the 3.7 percentage point drop in payroll as a percentage of turnover to 25.1%.

The survey found that some hotels in Budapest had cut manning levels within the last year and the general manager of one four-star property said he was employing 60 fewer staff than three years ago

"Wage costs have undoubtedly risen since Hungary joined the EU in 2004 and in reaction some streamlining of resources has occurred," said TRI managing director Jonathan Langston.

"As long as service levels are maintained, our data shows how good wage cost management plays a crucial role in maximising profitability.


Bolstered by four major events in May that included a biennial fair for the cleaning industry, Amsterdam emerged as the second most profitable city after London, replacing Paris as the UK capital's main rival.

The figures are compiled each month by Tri Hospitality Consulting.

Annual HotStats hotel performance data

TRI Hotels 2007 UK >>

TRI HotStats: annual UK hotel figures >>

TRI HotStats: Hotels 2007 Europe >>

MAY 2008

Amsterdam 2008 2007 Movement
Occupancy 83.8% 84.7% -0.9 points
Room rate €189.63 €179.10 +5.9%
Revpar €158.97 €151.77 +4.7%
Payroll % +4.7% 27.2% -0.8 points
IBFCpar €102.18 €93.28 +9.5%
Berlin 2008 2007 Movement
Occupancy 76.8% 76.5% +0.3 points
Room rate €164.83 €149.44 +10.3%
Revpar €126.61 €114.29 +10.8%
Payroll % 27.2% 27.5% -0.3 points
IBFCpar €91.25 €73.37 +24.4%
Budapest 2008 2007 Movement
Occupancy 77.9% 77.4% +0.5 points
Room rate €120.97 €114.52 +5.6%
Revpar €94.23 €88.65 +6.3%
Payroll % 25.1% 28.8% -3.7 points
IBFCpar €62.54 €46.49 +34.5%
Hamburg 2008 2007 Movement
Occupancy 79.5% 75% +4.5 points
Room rate €116.07 €118.82 -2.3%
Revpar €92.26 €89.06 +3.6%
Payroll % 27.6% 29% -1.4 points
IBFCpar €56.48 €52.36 +7.9%
London 2008 2007 Movement
Occupancy 84.1% 83.6% +0.5 points
Room rate €176.98 €172.98 +2.3%
Revpar €148.47 €144.56 +3%
Payroll % 25.4% 25.4% +2.5 points
IBFCpar €103.28 €104.62 -1.3%
Munich 2008 2007 Movement
Occupancy 73.9% 77.1% -3.2 points
Room rate €120.49 €110.40 +9.1%
Revpar €89.01 €85.13 +4.6%
Payroll % 33% 31.8% +1.2 points
IBFCpar €43.87 €46.17 -5%
Paris 2008 2007 Movement
Occupancy 83.3% 81.5% +1.8 points
Room rate €217.63 €207.68 +4.8%
Revpar €181.20 €169.17 +7.1%
Payroll % 38.1% 38.5% -0.4 points
IBFCpar €98.70 €88.43 +11.6%
Prague 2008 2007 Movement
Occupancy 77.1% 82.1% -5 points
Room rate €144.45 €164.07 -12%
Revpar €11.35 €134.68 -17.3%
Payroll % 22.2% 17.1% +5.1 points
IBFCpar €79.69 €113.12 -29.6%
Vienna 2008 2007 Movement
Occupancy 81% 84% -2.9 points
Room rate €166.07 €172.17 -3.5%
Revpar €134.57 €144.54 -6.9%
Payroll % 37.5% 36% +1.4 points
IBFCpar €70.38 €81.65 -13.8%
Warsaw 2008 2007 Movement
Occupancy 74.9% 76% -1 point
Room rate €108.70 €111.36 -2.4%
Revpar €81.45 €84.59 -3.7%
Payroll % 25.4% 24.1% +1.2 points
IBFCpar €56.79 €64.12 -11.4%

View the figures for April 2008 here >> View the figures for March 2008 here >> View the figures for February 2008 >>
View the figures for January 2008 >>

View the figures for December 2007 >>
View the figures for December 2006 >> View the figures for December 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

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