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The Austrian capital experienced the biggest increases in occupancy, rate and revpar in September. Combined with the largest reduction in payroll costs too, this caused a massive 67.8 per cent leap in IBFC - an equivalent measure of gross operating profit - to Eu111.54 per available room, compared to the same month in 2006.
It's getting better in Budapest
There was encouraging news from Budapest with occupancy, rate and revpar all showing positive growth for the first time since April. Occupancy grew by of 2.3 points to 85.0 per cent, compared to a year-to-date average of 70.4 per cent. Average rate was up 2.6 per cent to Eu125.71 leading to a revpar improvement of 5.5 per cent to Eu106.84.
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