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TRI HotStats: monthly European hotel figures – Industry data

01 October 2008 by
TRI HotStats: monthly European hotel figures – Industry data

The biennial Farnborough Airshow in July made London the most profitable of the 10 European cities listed in the monthly Europe HotStats survey.

The UK capital increased income before fixed charges per available room (IBFCpar) by 24.8% to €129.76 thanks to a 17.5% boost to average room rate.

Budapest showed the biggest growth in profitability, which rose by 92.7%. This was largely due to an 8.3% fall in payroll costs and a 9.1% rise in room rate. However, the city remained the second least profitable in the survey.

Hamburg and Munich were the other big achievers in profit growth, increasing IBFCpar by 52.7% and 40.9% respectively.

The German cities were the only two in the survey to increase occupancy during July and Munich achieved the highest hike in room rate, which grew by 20.2% to help put it third in the profitability stakes.

July is a full business month in Munich (unlike the rest of Germany) as the Bavarian school holiday starts in August. An opera festival and strong leisure demand from the Middle East helped keep business buoyant.

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 >>

JULY 2008

Amsterdam 2008 2007 Movement
Occupancy 74% 84.8% -10.9 points
Room rate €156.13 €152.46 +2.4%
Revpar €115.50 €129.35 -10.7%
Payroll % 33.6% 30.5% +3.1 points
IBFCpar €55.37 €70.65 -21.6%
Berlin 2008 2007 Movement
Occupancy 62.7% 71.5% -8.8 points
Room rate €115.95 €117 -0.9%
Revpar €72.69 €83.67 -13.1%
Payroll % 37.6% 38.6% -1 point
IBFCpar €24.89 €27.31 -8.9%
Budapest 2008 2007 Movement
Occupancy 69.7% 70.4% -0.7 points
Room rate €101.38 €92.96 +9.1%
Revpar €70.66 €65.42 +8%
Payroll % 32.2% 40.4% -8.3 points
IBFCpar €28.57 €14.83 +92.7%
Hamburg 2008 2007 Movement
Occupancy 75.7% 69% +5.7 points
Room rate €100.07 €98.58 +1.5%
Revpar €74.75 €68.03 +9.9%
Payroll % 30.3% 34.2% -3.9 points
IBFCpar €39.42 €25.82 +52.7%
London 2008 2007 Movement
Occupancy 89.3% 89.4% -0.1 points
Room rate €204.76 €174.23 +17.5%
Revpar €182.74 €155.73 +17.3%
Payroll % 22.1% 24.5% -2.5 points
IBFCpar €129.76 €103.95 +24.8%
Munich 2008 2007 Movement
Occupancy 82.1% 80.7% +1.3 points
Room rate €128.38 €106.78 +20.2%
Revpar €105.34 €86.20 +22.2%
Payroll % 28% 31.6% -3.6 points
IBFCpar €61.27 €43.49 +40.9%
Paris 2008 2007 Movement
Occupancy 77.6% 81.9% -4.3 points
Room rate €213.16 €201.07 +6%
Revpar €165.46 €164.64 +0.5%
Payroll % 38.7% 38% +0.6 points
IBFCpar €82.29 €80.09 +2.7%
Prague 2008 2007 Movement
Occupancy 80.6% 82.3% -1.7 points
Room rate €89.58 €111.97 -20%
Revpar €72.20 €92.11 -21.6%
Payroll % 28.9% 25% +4 points
IBFCpar €41.17 €60.11 -31.5%
Vienna 2008 2007 Movement
Occupancy 72.7% 77.5% -4.8 points
Room rate €139.75 €128.88 +8.4%
Revpar €101.59 €99.85 +1.7%
Payroll % 42.7% 43.1% -0.4 points
IBFCpar €35.80 €36.80 -2.7%
Warsaw 2008 2007 Movement
Occupancy 67.5% 72.5% -5 points
Room rate €99.08 €100.29 -1.2%
Revpar €66.87 €72.72 -8%
Payroll % 30.7% 28.7% +2 points
IBFCpar €31.41 €36.42 -13.8%

View the figures for June 2008 here >> View the figures for May 2008 here >> 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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